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  • *World Bank cuts world growth outlook to 2.8 pct from 3 pct. LONDON, June 11- Oil prices steadied on Thursday as a bullish report from the International Energy Agency agency balanced a gloomy outlook from the World Bank, which cut its global economic growth forecast. But the market response was cautious after a downbeat assessment by the World Bank, which predicted...

  • *World Bank cuts world growth outlook to 2.8 pct from 3 pct. SINGAPORE, June 11- Crude oil futures fell on Thursday as the World Bank cut its global economic growth forecast, ending a two-day rally triggered by a sharp U.S. inventory drawdown. In its twice-yearly Global Economic Prospects report, the World Bank predicted the global economy would expand 2.8 percent...

  • Commodities hurting global growth: World Bank Thursday, 11 Jun 2015 | 1:00 AM ET
    Commodities hurting global growth: World Bank

    Franziska Ohnsorge, lead author of global economic prospects at the World Bank, talks about the challenges facing emerging markets.

  • Oil prices fall as World Bank cuts economic growth outlook Wednesday, 10 Jun 2015 | 11:09 PM ET

    *World Bank cuts world growth outlook to 2.8 pct from 3 pct. SINGAPORE, June 11- Crude oil futures fell early on Thursday as the World Bank cut its global economic growth forecast, ending a two-day rally triggered by a sharp U.S. inventory drawdown. In its twice-yearly Global Economic Prospects report, the World Bank predicted the global economy would expand 2.8...

  • SINGAPORE, June 11- U.S. crude futures fell early on Thursday as a cut in the World Bank's global growth outlook pulled them away from one-month highs, ending a two-day rally on a big U.S. stock drawdown. Front month U.S. crude had fallen 33 cents to $61.10 a barrel by 0032 GMT. *The World Bank predicted that India would be the fastest-growing major economy for the first...

  • WASHINGTON, June 10- The World Bank on Wednesday cut its global growth outlook for this year and urged countries to "fasten their seat belts" as they adjust to lower commodity prices and a looming rise in U.S. interest rates. "We at the World Bank have just switched on the seat belt sign," Basu said in a press conference in Washington. But the World Bank cut its 2015 growth...

  • Unity on climate change at G-7: World Bank Tuesday, 9 Jun 2015 | 5:20 AM ET
    Unity on climate change at G-7: World Bank

    Jim Yong Kim, president of World Bank, tells CNBC about the discussions on global terrorism and climate change held between world leaders at the Group of Seven (G-7) summit.

  • Greek deal must get done soon: World Bank Tuesday, 9 Jun 2015 | 4:20 AM ET
    Greek deal must get done soon: World Bank

    Jim Yong Kim, president of World Bank, says he's watching for "spillover effects" when it comes to Greece and urging those involved to come to an agreement.

  • Ukraine's stability is essential to world: World Bank

    Jim Yong Kim, president of the World Bank, says the institution has supported Ukraine and he's very impressed with the country's leaders.

  • DIARY- Top Economic Events to June 18 Friday, 5 Jun 2015 | 8:01 PM ET

    Bank of France Governor Christian Noyer, European Bank for Reconstruction and Development President Suma Chakrabarti, Bank of Canada Senior Deputy Governor Carolyn Wilkins, Pakistan's former Prime Minister Shaukat Aziz, Italy's former Prime Minister Enrico Letta and World Bank Group Chief Financial Officer Bertrand Badre to attend.

  • World Bank gas flaring initiative misses key players Thursday, 4 Jun 2015 | 2:31 PM ET

    Countries yet to sign a pledge to eliminate routine flaring by 2030 include major flarers the United States, Iran and Nigeria, the bank said, noting that the practice wastes enough energy to supply Africa with electricity and pollutes as much as 77 million cars. "By capturing this gas and converting it into a useful product, such as converting it into power, they...

  • DIARY- Top Economic Events to June 11 Thursday, 28 May 2015 | 8:01 PM ET

    SOFIA- European Central Bank board member Yves Mersch speaks at the Bulgarian Authorities 2015 IMF/World Bank Constituency Meetings- 1100 GMT. BARCELONA, Spain- European Central Bank board member Vitor Constancio speaks at the XXXI Reunion Circulo de Economia- 0730 GMT. HARTFORD, United States- Federal Reserve Bank of Boston President Eric Rosengren speaks...

  • *Gaza's economic output contracted 15 percent in 2014. JERUSALEM, May 22- Gaza's economy is in a worse state than any other in the world, with unemployment at a global high, output contracting sharply and the long-term prospects worrying, the World Bank said on Friday. "Blockades, war and poor governance have strangled Gaza's economy and the unemployment rate is now...

  • As more rent, the wealth gap widens Thursday, 7 May 2015 | 11:27 AM ET
    File photo: A house for rent sign in Centreville, Virginia.

    The housing crash created a much larger share of renters, and these Americans are not enjoying the new wealth that now-rising home prices afford.

  • WASHINGTON, May 4- The World Bank indirectly invests part of its $18.8 billion staff pension fund in companies in industries such as coal and tobacco, holdings that clash with the development institution's own calls for ethical and low-carbon investing. In an internal post to staff seen by Reuters, the World Bank's treasurer said around 40 percent of the fund's...

  • WASHINGTON, May 4- The World Bank indirectly invests part of its $18.8 billion staff pension fund in companies in industries such as coal and tobacco, holdings that clash with the development institution's own calls for ethical and low-carbon investing. In an internal post to staff seen by Reuters, the World Bank's treasurer said around 40 percent of the fund's...

  • KIEV, April 29- Ukraine's economy could return to growth next year and expand by 2 percent provided the separatist insurgency does not worsen and a banking crisis stabilises, the World Bank said on Wednesday. The World Bank expects Ukraine's economy to shrink 7.5 percent in 2015- in line with central bank forecasts- following a 6.8 percent contraction last year,...

  • World Bank sees Belarus's 2015 GDP falling 3.5 pct Monday, 27 Apr 2015 | 5:39 AM ET

    MINSK, April 27- The World Bank said on Monday it saw Belarus's gross domestic product contracting 3.5 percent this year, sharply revising it down from an earlier forecast of 1.8 percent growth. Next year the contraction will continue, with GDP expected to decline 1 percent, Ruslan Penkevsky, the bank's senior economist for Belarus, said at a press conference.

  • Indonesia calls for new financial global architecture Wednesday, 22 Apr 2015 | 12:01 AM ET

    JAKARTA, April 22- Indonesian President Joko Widodo called on Wednesday for a new global financial order that is open to emerging economic powers and leaves the "obsolete ideas" of Bretton Woods institutions in the past. Widodo made no mention of the China-backed Asian Infrastructure Investment Bank that is seen as a threat to the Western-dominated World Bank...

  • DIARY- Emerging Markets Economic Events to May 4 Tuesday, 21 Apr 2015 | 8:02 PM ET

    WASHINGTON- World Bank President Jim Yong Kim speaks at the global philanthropy forum- 1500 GMT. CAIRO- Central Bank of Egypt holds Monetary Policy Committee Meeting- 0100 GMT. BANGKOK- Bank of Thailand holds Monetary Policy Committee meeting.