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World Bank

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  • China's clout on show with BRICS bank formation Friday, 18 Jul 2014 | 9:04 AM ET

    MUMBAI, India— A developing nation version of the World Bank was formally agreed this week two years after India proposed the idea to Brazil, Russia, China and South Africa. India ensured a sense of parity with its insistence that each of the countries behind the New Development Bank contribute equal shares of $10 billion to its initial $50 billion capital.

  • Employees who focus on reducing social and environmental damage from projects lack independence or incentives to do a good job, and the World Bank has little oversight over how well their advice is followed and how much money is devoted to safeguards.

  • World Bank, IFC commit $4.2 billion to Philippines Tuesday, 15 Jul 2014 | 7:49 AM ET

    MANILA, Philippines— The World Bank said Tuesday that it and its private sector arm have committed concessional loans of up to $4.2 billion to the Philippines to help the country reduce poverty, create jobs and sustain growth as it recovers from the impact of a devastating typhoon and separatist rebellion.

  • AP Top Extended Financial Headlines At 8:31 p.m. EDT Monday, 14 Jul 2014 | 8:31 PM ET

    New UPS CEO backs foreign trade agreements, says company will focus on international growth BRICS bank: 5 emerging economic powers to announce alternatives to IMF, World Bank Distancing itself from financial meltdown, Citigroup agrees to $7 B settlement over mortgages US stocks march higher on acquisition and earnings news; Citigroup gains US companies look more to overseas combinations for tax relief back home AbbVie hikes offer to Shire once again, drugmakers enter detailed talks on combination Mylan to buy Abbott's branded generic-drug businesses outside US for $5.3 B in stock Oil stays near $101 a barrel; US gasoline prices slip to 3- month low Ernst& Young paying $4 M to settle SEC charges over lobbying Congress for 2 audit clients Samsung suspends business with Chinese supplier after child labor allegation

  • AP Top Financial News At 8:31 p.m. EDT Monday, 14 Jul 2014 | 8:31 PM ET

    New UPS CEO backs trade agreements Emerging nations plan their own World Bank, IMF Citigroup to pay $7 B in subprime mortgages probe Stocks move higher on earnings, acquisition news US companies look overseas for tax bill relief AbbVie, Shire enter detailed talks on combination Mylan to buy Abbott business line in $5.3 B deal Oil barely changed; US gas prices at 3- month lows Ernst& Young paying $4 M to settle SEC charges Samsung suspends China supplier over child labor

  • AP Top Extended Financial Headlines At 7:23 p.m. EDT Monday, 14 Jul 2014 | 7:23 PM ET

    New UPS CEO backs foreign trade agreements, says company will focus on international growth BRICS bank: 5 emerging economic powers to announce alternatives to IMF, World Bank Distancing itself from financial meltdown, Citigroup agrees to $7 B settlement over mortgages US stocks march higher on acquisition and earnings news; Citigroup gains US companies look more to overseas combinations for tax relief back home AbbVie hikes offer to Shire once again, drugmakers enter detailed talks on combination Mylan to buy Abbott's branded generic-drug businesses outside US for $5.3 B in stock Oil stays near $101 a barrel; US gasoline prices slip to 3- month low Ernst& Young paying $4 M to settle SEC charges over lobbying Congress for 2 audit clients Samsung suspends business with Chinese supplier after child labor allegation

  • AP Top Financial News At 7:23 p.m. EDT Monday, 14 Jul 2014 | 7:23 PM ET

    New UPS CEO backs trade agreements Emerging nations plan their own World Bank, IMF Citigroup to pay $7 B in subprime mortgages probe Stocks move higher on earnings, acquisition news US companies look overseas for tax bill relief AbbVie, Shire enter detailed talks on combination Mylan to buy Abbott business line in $5.3 B deal Oil barely changed; US gas prices at 3- month lows Ernst& Young paying $4 M to settle SEC charges Samsung suspends China supplier over child labor

  • AP Top Extended Financial Headlines At 6:26 p.m. EDT Monday, 14 Jul 2014 | 6:26 PM ET

    New UPS CEO backs foreign trade agreements, says company will focus on international growth BRICS bank: 5 emerging economic powers to announce alternatives to IMF, World Bank Distancing itself from financial meltdown, Citigroup agrees to $7 B settlement over mortgages US stocks march higher on acquisition and earnings news; Citigroup gains US companies look more to overseas combinations for tax relief back home AbbVie hikes offer to Shire once again, drugmakers enter detailed talks on combination Mylan to buy Abbott's branded generic-drug businesses outside US for $5.3 B in stock Oil stays near $101 a barrel; US gasoline prices slip to 3- month low Ernst& Young paying $4 M to settle SEC charges over lobbying Congress for 2 audit clients Samsung suspends business with Chinese supplier after child labor allegation

  • AP Top Financial News At 6:26 p.m. EDT Monday, 14 Jul 2014 | 6:26 PM ET

    New UPS CEO backs trade agreements Emerging nations plan their own World Bank, IMF Citigroup to pay $7 B in subprime mortgages probe Stocks move higher on earnings, acquisition news US companies look overseas for tax bill relief AbbVie, Shire enter detailed talks on combination Mylan to buy Abbott business line in $5.3 B deal Oil barely changed; US gas prices at 3- month lows Ernst& Young paying $4 M to settle SEC charges Samsung suspends China supplier over child labor

  • AP Top Extended Financial Headlines At 5:44 p.m. EDT Monday, 14 Jul 2014 | 5:44 PM ET

    BRICS bank: 5 emerging economic powers to announce alternatives to IMF, World Bank Distancing itself from financial meltdown, Citigroup agrees to $7 B settlement over mortgages US stocks march higher on acquisition and earnings news; Citigroup gains US companies look more to overseas combinations for tax relief back home AbbVie hikes offer to Shire once again, drugmakers enter detailed talks on combination Mylan to buy Abbott's branded generic-drug businesses outside US for $5.3 B in stock Oil stays near $101 a barrel; US gasoline prices slip to 3- month low Ernst& Young paying $4 M to settle SEC charges over lobbying Congress for 2 audit clients Samsung suspends business with Chinese supplier after child labor allegation VW to build new seven-passenger SUV in Tennessee, add 2,000 jobs

  • AP Top Financial News At 5:30 p.m. EDT Monday, 14 Jul 2014 | 5:30 PM ET

    Emerging nations plan their own World Bank, IMF Citigroup to pay $7 B in subprime mortgages probe Stocks move higher on earnings, acquisition news US companies look overseas for tax bill relief AbbVie, Shire enter detailed talks on combination Mylan to buy Abbott business line in $5.3 B deal Oil barely changed; US gas prices at 3- month lows Ernst& Young paying $4 M to settle SEC charges Samsung suspends China supplier over child labor VW to build new SUV in Tennessee, add 2,000 jobs

  • AP Top Extended Financial Headlines At 4:30 p.m. EDT Monday, 14 Jul 2014 | 4:30 PM ET

    US stocks march higher, shaking off worst week in three months; Citigroup gains BRICS bank: 5 emerging economic powers to announce alternatives to IMF, World Bank Distancing itself from financial meltdown, Citigroup agrees to $7 B settlement over mortgages US companies look more to overseas combinations for tax relief back home AbbVie hikes offer to Shire once again, drugmakers enter detailed talks on combination Mylan to buy Abbott's branded generic-drug businesses outside US for $5.3 B in stock Oil stays near $101 a barrel; US gasoline prices slip to 3- month low Ernst& Young paying $4 M to settle SEC charges over lobbying Congress for 2 audit clients Samsung suspends business with Chinese supplier after child labor allegation VW to build new seven-passenger SUV in Tennessee, add 2,000 jobs

  • AP Top Financial News At 4:10 p.m. EDT Monday, 14 Jul 2014 | 4:10 PM ET

    Stocks snap higher on Wall Street; Citigroup up Emerging nations plan their own World Bank, IMF Citigroup to pay $7 B in subprime mortgages probe US companies look overseas for tax bill relief AbbVie, Shire enter detailed talks on combination Mylan to buy Abbott business line in $5.3 B deal Oil barely changed; US gas prices at 3- month lows Ernst& Young paying $4 M to settle SEC charges Samsung suspends China supplier over child labor VW to build new SUV in Tennessee, add 2,000 jobs

  • AP Top Financial News At 3:14 p.m. EDT Monday, 14 Jul 2014 | 3:14 PM ET

    Citigroup to pay $7 B in subprime mortgages probe AbbVie, Shire enter detailed talks on combination Mylan to buy Abbott business line in $5.3 B deal Emerging nations plan their own World Bank, IMF Stocks move higher on earnings, acquisition news Samsung suspends China supplier over child labor US companies look overseas for tax bill relief VW to build new SUV in Tennessee, add 2,000 jobs Norwegian Cruise Line paying $2.18 B for 2 ships Unions: Talks with MTA break down, prep for strike

  • Emerging nations plan their own World Bank, IMF Monday, 14 Jul 2014 | 3:13 PM ET

    WASHINGTON— Fed up with U.S. dominance of the global financial system, five emerging market powers this week will launch their own versions of the World Bank and the International Monetary Fund.

  • World Bank says trade protectionism starts to level off Thursday, 26 Jun 2014 | 6:05 PM ET

    WASHINGTON, June 26- Barriers to imports in major economies are starting to recede after a rash of protectionism during the global financial crisis, World Bank figures showed on Thursday.

  • *Lack of finance a major hurdle for Africa's development. *World Bank leading program to promote credit bureaus. LUSAKA/ LAGOS, June 17- When Joyce Musonda wanted to start a business two years ago selling kitchen tiles from her backyard in an up-and-coming district of Zambia's capital of Lusaka, she braced herself for a battle to find a start-up loan.

  • *Bank of America shares biggest drag on S&P 500. *World Bank cuts global 2014 outlook. NEW YORK, June 11- U.S. stocks fell on Wednesday, with the Dow breaking a four-day string of record closing highs, following the World Bank's reduction of its global growth forecast.

  • NEW YORK, June 11- U.S. stocks fell on Wednesday, with the Dow and S&P 500 pulling back from recent record highs following the World Bank's reduction of its global growth forecast. The Dow Jones industrial average fell 102.04 points or 0.60 percent, to end unofficially at 16,843.88. The S&P 500 declined 6.90 points or 0.35 percent, to finish unofficially at 1,943.89.

  • *Bank of America shares biggest drag on S&P 500. *World Bank cuts global 2014 outlook. NEW YORK, June 11- U.S. stocks dropped on Wednesday, with the Dow and S&P 500 pulling back from recent record highs, following the World Bank's reduction of its global growth forecast.