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  • World Bank admits botched resettlement policy Wednesday, 4 Mar 2015 | 12:24 PM ET

    World Bank President Jim Yong Kim pledged that "we must and will do better," on a call with reporters, and launched an action plan to address shortcomings. In a recent case, indigenous Anuak people in Ethiopia's Gambella region said the World Bank contributed to the Ethiopian government's "villagization" program that forced about 70,000 people off their land.

  • CARACAS, Feb 25- Venezuela has requested the annulment of a World Bank tribunal award that orders it pay Exxon Mobil Corp $1.6 billion in compensation for nationalizations, both sides said on Wednesday. The move contrasts with October, when Venezuela deemed the award a victory for its sovereignty and oil workers were shown on TV celebrating.

  • CARACAS, Feb 25- Venezuela has requested the annulment of a World Bank tribunal award that orders it pay Exxon Mobil Corp $1.6 billion in compensation for nationalizations, both sides said on Wednesday. "Venezuela has filed an application for annulment," the country's lawyer George Kahale told Reuters in an email, adding he didn't know yet when the tribunal was...

  • China's lending push bypasses cash-starved farm sector Thursday, 12 Feb 2015 | 4:00 PM ET

    *China's agriculture short on credit, productivity falling. World Bank data showed the value added per farm worker in China was $750 in 2012, compared with around $63,000 in the United States. Jin Yong, a lifelong farmer in Anhui, one of China's poorest provinces, formed a corporate entity with other individual investors in an effort to improve his access to...

  • Mega-funds start to beat retreat from emerging markets Monday, 26 Jan 2015 | 12:38 PM ET

    LONDON, Jan 26- Big pension, insurance and sovereign funds that kept faith with emerging markets during the massive selloffs of 2013 and 2014 may be starting to waver, potentially depriving the sector of a key source of support. But years of weak returns and cloudy growth prospects are now souring the mood, with the World Bank this month again cutting its growth...

  • ANTANANARIVO, Jan 25- Madagascar's president announced the replacement of eight ministers late on Sunday, including a new finance minister, after the government was dissolved earlier this month amid mounting public frustration over power cuts and other issues. Maurice Gervais Rakotoarimanana, an accountant who has worked with the World Bank, will be the...

  • SINGAPORE, Jan 15- Gold was steady on Thursday as Asian stocks recovered from earlier losses, but the metal stayed below a 12- week high as a recent sell-off in commodities took its toll. Gold was sold off along with copper, which slid to a 5-1/ 2 year low on Wednesday after the World Bank cut its global growth forecast, and oil, which rebounded late in the session.

  • SINGAPORE, Jan 15- Gold ticked up on Thursday after Asian equities mostly extended falls on global growth concerns, but the metal stayed below a 12- week high as a sell-off in commodities took a toll. *Gold was sold off along with copper, which slid to a 5-1/ 2- year low on Wednesday after the World Bank cut its global growth forecast. *Gold is facing a test of strength...

  • *World Bank lowers global growth forecasts for 2015, 2016. "velocity of the downward trend that we've been in, you can expect to see violent snapbacks," said Tariq Zahir of Tyche Capital. Even so, there were growing signs that low prices were finally beginning to slow the unrelenting growth in U.S. oil production, a key factor for markets as OPEC powerhouse Saudi...

  • *World Bank cuts global growth forecasts. NEW YORK, Jan 14- U.S. stocks fell for a fourth day on Wednesday as a World Bank forecast fueled concerns about global economic weakness and copper prices sank, although a late-day rebound in energy shares left the market well off its lows after a volatile session. The price of copper, a key industrial metal, touched its lowest...

  • UPDATE 9-Oil futures mark rare spike as options expire Wednesday, 14 Jan 2015 | 3:50 PM ET

    *World Bank lowers global growth forecasts for 2015, 2016. Brent crude rose $2.10, or 4.5 percent, to settle at $48.69 a barrel, in its strongest daily percentage gain since June 2012. U.S. crude oil settled at $48.48 up $2.59, or 5.6 percent, the biggest gain since August 2012.

  • *World Bank cuts global growth forecasts. *Freeport McMoRan drops on copper weakness. Stocks were still on track for a fourth day of losses, however, after a World Bank forecast sparked concerns about global economic growth and U.S. retail sales for December came in weaker than expected.

  • *World Bank lowers global growth forecasts for 2015, 2016. Late on Tuesday, the World Bank lowered its 2015 and 2016 world economic growth forecasts, reinforcing worries about sluggish demand growth in the oversupplied energy markets. Brent fell 24 cents to $46.38 a barrel by 1:24 p.m. EST, after reaching a high of $47.14.

  • *World Bank cuts global growth forecasts. NEW YORK, Jan 14- U.S. stocks fell on Wednesday, on track for a fourth day of losses, as a World Bank forecast sparked concerns about weak economies and December U.S. retail sales missed expectations. Copper touched its lowest since July 2009 and was last down 6.2 percent at $5,497 a tonne after the World Bank cut its growth...

  • *World Bank cuts growth forecasts, deflation fears grow. NEW YORK, Jan 14- Securities around the world fell on Wednesday after the World Bank cut its economic growth forecasts for 2015 and 2016, with stocks lower across regions and copper suffering its biggest one-day drop in more than three years. Adding to the cautious tone in the United States, JPMorgan Chase& Co...

  • US STOCKS-Wall Street tumbles on global economic worries Wednesday, 14 Jan 2015 | 11:37 AM ET

    *World Bank cuts global growth forecasts. NEW YORK, Jan 14- U.S. stocks dropped on Wednesday, putting equities on pace for their fourth straight losing session as a World Bank forecast sparked concerns about weak economies and U.S. retail sales for December missed expectations. Copper touched its lowest since July 2009 and were last down 5 percent at $5,563 a tonne...

  • LONDON, Jan 14- Copper slid to a 5-1/ 2 year low on Wednesday after a downward revision to global growth by the World Bank and big falls in oil prices amplified recent fears about the outlook for the economy and demand, triggering a wave of stop-loss selling. LME copper prices fell to their lowest since July 2009 at $5,353.25 a tonne in intraday trade, before paring...

  • *World Bank lowers global growth forecasts for 2015, 2016. LONDON, Jan 14- Brnet crude oil fell a little more on Wednesday as increased U.S. crude stockpiles and a weak World Bank growth forecast conspired to keep prices close to the near-six year lows touched in the previous session. "It is a squarely bearish report with large across-the-board inventory builds,"...

  • Europe shares sink on mounting worries over global growth Wednesday, 14 Jan 2015 | 10:33 AM ET

    PARIS, Jan 14- European shares sank on Wednesday, knocked down by worries over the pace of global growth fueled by grim U.S. retail sales data and as the World Bank cut its forecast for growth. Shares in mining giants tumbled, with Glencore down 10.5 percent and hitting a record low, and Anglo American falling 9.6 percent, while copper prices tumbled 6 percent as...

  • *World Bank lowers global growth forecasts for 2015, 2016. LONDON, Jan 14- Oil prices recouped some early losses on Wednesday but remained under pressure after the World Bank cut its global economic growth forecast, doing little to end a rout that saw prices touch their lowest in nearly six years in the previous session. February Brent crude gained 20 cents to...