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  • World Bank: Low oil hits commodity prices   Thursday, 16 Apr 2015 | 9:52 AM ET
    World Bank: Low oil hits commodity prices

    Dr. Jim Yong Kim, World Bank Group President, discusses the threats to developing markets. He says low oil prices have contributed to lower commodity prices as a whole.

  • Drop in 'unbanked' population most prominent here   Wednesday, 15 Apr 2015 | 6:37 PM ET
    Drop in 'unbanked' population most prominent here

    According to the 2014 Global Findex report, the world's "unbanked" population saw the fastest drop in countries like China and Sub-Saharan Africa, says Leora Klapper, leader, Global Findex Task Team at the World Bank.

  • WASHINGTON, April 15- The United States could work directly with China on projects pushed by a Beijing- led development bank if the new institution embraces standards honed by organizations like the World Bank, a top U.S. official said on Wednesday. Beijing aims to use the AIIB to boost its global clout, and America's warnings have failed to deter European allies...

  • WASHINGTON, April 15- The United States could work directly with China on projects pushed by a Beijing- led development bank if the new institution embraces standards honed by organizations like the World Bank, a top official said on Wednesday. Adopting such standards would make it possible for the Asian Infrastructure Investment Bank to co-finance projects...

  • China says 57 countries to be founding members of AIIB Wednesday, 15 Apr 2015 | 5:35 AM ET

    BEIJING, April 15- A total of 57 countries will be founding members of the new Beijing-backed Asian Infrastructure Investment Bank, China's finance ministry said on Wednesday, throwing together countries as diverse as Iran, Israel, Britain and Laos. Washington had cautioned nations about joining the bank, seen as a rival to the U.S.-dominated World Bank, citing...

  • President Barack Obama and European Central Bank President Mario Draghi during a trip to Washington this week for meetings of the IMF and the World Bank, his ministry said on Tuesday. The meetings come as Greek Prime Minister Alexis Tsipras' leftist government seeks to negotiate a deal with its lenders from the European Union and the International Monetary...

  • *Asia shares shrug off surprise fall in China exports. The Australian dollar fell nearly 1.5 percent after the data from China, which is the main market for Australia's exports of natural resources. Adding to the gloom for the Aussie, the World Bank also cut its 2015 growth forecasts for developing East Asia and China.

  • FOREX-Aussie, Kiwi skid on shock China exports fall Monday, 13 Apr 2015 | 4:12 AM ET

    *Australian, Kiwi dollars hit by shock fall in China exports. The Australian dollar, considered a liquid proxy of China plays because of the two countries' trade links, slid as much as 1.5 percent to $0.7570, bringing the Aussie back within sight of a six-year low of $0.7534 set earlier in the month. The World Bank also cut its 2015 growth forecasts for developing East...

  • WORLD BANK CUTS 2015 CHINA GROWTH FORECAST TO 7.1 PCT FROM 7.2 PCT PREVIOUSLY, 2016 FORECAST TO 7.0 PCT FROM 7.1 PCT.

  • SINGAPORE, April 13- The World Bank cut its 2015 growth forecasts for developing East Asia and China, and warned of "significant" risks from global uncertainties including the potential impact from a strengthening dollar and higher U.S. interest rates. The Washington- based lender expects the developing East Asia and Pacific region, which includes China, to grow...

  • SINGAPORE, April 13- The World Bank cut its 2015 growth forecasts for developing East Asia and China, and warned of' significant' risks from global uncertainties including the potential impact from a rising dollar and higher U.S. interest rates. Latest GDP growth projections, percent:. *East Asia and Pacific includes developing EAP and the Newly Industrialised...

  • WORLD BANK CUTS 2015 DEVELOPING EAST ASIA AND PACIFIC GROWTH FORECAST TO 6.7 PCT FROM 6.9 PCT PREVIOUSLY, 2016 FORECAST TO 6.7 PCT FROM 6.8 PCT.

  • WORLD BANK SAYS OUTLOOK FOR DEVELOPING EAST ASIA AND PACIFIC REGION IS SUBJECT TO "SIGNIFICANT RISKS" DUE TO UNCERTAINTIES IN GLOBAL ECONOMY.

  • The China gambit that has US leaders on edge Tuesday, 7 Apr 2015 | 2:40 PM ET
    A Chinese contractor directs Kenyan casual laborers at a construction site in Nairobi, Kenya.

    The Asia Infrastructure Investment Bank is positioning itself as an Asia-centric alternative to the World Bank and International Monetary Fund.

  • WARSAW, April 2- Poland plans to join the Asian Infrastructure Investment Bank, Deputy Finance Minister Artur Radziwill said on Thursday. "Poland sent to the secretary of the newly created Asian Infrastructure Investment Bank the so-called endorsement letter," Radziwill said in a statement. The AIIB has been seen as a potential rival to the World Bank and Asian...

  • *Oxfam says hard to track development impact. WASHINGTON, April 1- The World Bank's private sector arm may be doing more harm than good when it invests in private equity firms, banks and other financial intermediaries, global development group Oxfam said in a report on Wednesday. "By channeling funds through third parties, the IFC loses control of how the money is...

  • UPDATE 1-World Bank sees protracted recession in Russia Wednesday, 1 Apr 2015 | 6:54 AM ET

    *World Bank sees Russian economy contracting in 2015 and 2016. MOSCOW, April 1- Russia faces a protracted recession as the impact of Western sanctions lingers and oil prices stay low, the World Bank said in a report published on Wednesday. The World Bank's lead economist for Russia, Birgit Hansl, said "adjustment to the new oil price reality and the sanctions...

  • Why the US should work with China-led AIIB   Monday, 30 Mar 2015 | 8:34 PM ET
    Why the US should work with China-led AIIB

    Curtis Chin, Asia Fellow at Milken Institute and John Perkins, Author of "Confessions of an Economic Hit Man," explain why the U.S. should be involved with the Asian Infrastructure Investment Bank.

  • LONDON, March 30- The World Bank will hold an auction worth $25 million in June for U.N.-backed carbon credits from projects designed to cut methane emissions, the bank said on Monday. The so-called Pilot Auction Facility will offer tradable put options, giving project owners the right to sell credits to the bank's Methane and Climate Change Fund at a set price,...

  • SHANGHAI/ RIO DE JANEIRO, March 28- Russia, Australia and the Netherlands on Saturday became the latest three countries to say they plan to join the China-led Asian Infrastructure Investment Bank, adding clout to an institution seen as enhancing China's regional and global influence. The AIIB, seen as a challenge to existing institutions the World Bank and...