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  • 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...

  • More countries to join China-led investment bank Saturday, 28 Mar 2015 | 11:26 PM ET

    Russia, Australia and the Netherlands became the latest three countries to say they plan to join the China-led Asian Infrastructure Investment Bank.

  • 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...

  • UK, Switzerland accepted by China-led investment bank Saturday, 28 Mar 2015 | 1:52 AM ET

    China's Finance Ministry said on Saturday that the U.K. and Switzerland had been formally accepted as founding members of the Asian Infrastructure Investment Bank.

  • SHANGHAI/ RIO DE JANEIRO, March 28- China's Finance Ministry said on Saturday that the U.K. and Switzerland had been formally accepted as founding members of the Asian Infrastructure Investment Bank, a day after Brazil accepted China's invitation to join the AIIB. China's AIIB has been seen as a challenge to the World Bank and Asian Development Bank, and a...

  • RIO DE JANEIRO, March 27- Brazil said on Friday it had accepted China's invitation to join its Asian Infrastructure Investment Bank as a founding member. The AIIB has been seen as a challenge to the World Bank and Asian Development Bank, and a significant step for China's global influence. China's Finance Ministry said that Austria had also applied to join, and has...

  • RIO DE JANEIRO, March 27- Brazil said on Friday it had accepted China's invitation to join its Asian Infrastructure Investment Bank as a founding member. The AIIB has been seen as a challenge to the World Bank and Asian Development Bank, and a significant step for China's global influence. The United States had warned against the new institution but its European...

  • The AIIB has been seen as a challenge to the World Bank and Asian Development Bank, institutions Washington helped found and over which it exerts considerable influence. Despite Washington's misgivings, U.S. allies Britain, France, Germany and Italy have said they would join the bank, while Australia, Japan and South Korea are considering doing so.

  • IMF, World Bank throw weight behind China-led bank Monday, 23 Mar 2015 | 11:27 AM ET

    Global institutions, including the IMF and the World Bank, have endorsed a China-led international bank, despite opposition from the U.S.