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WASHINGTON, Jan 15- A frustratingly slow economic recovery in developed nations is holding back the global economy, the World Bank said on Tuesday, as it sharply cut its outlook for world growth in 2013..
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WASHINGTON, Jan 15- Japan's economy contracted in the second half of 2012 and is on track for lackluster growth of 0.8 percent this year, hurt in part by its bitter territorial row with China, the World Bank said in a report on Tuesday.
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WASHINGTON, Jan 15- The World Bank sharply cut its 2013 outlook for the world economy on Tuesday, blaming an unexpectedly sluggish recovery in developed countries for holding back global growth.
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ANKARA, Jan 15- Turkey said on Tuesday that economic growth will pick up this year to 4 percent or more and inflation will fall. The World Bank, however, warned that the country was facing a wider current account deficit.
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BUENOS AIRES, Dec 21- The World Bank's arbitration body started moving ahead this week on a complaint by Spanish oil major Repsol over Argentina's expropriation of its controlling stake in energy company YPF.
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WASHINGTON, Dec 19- The International Finance Corp, the World Bank's private sector arm, plans to issue local currency bonds in 10 African markets from next year to build capital in one of the world's fastest growing regions.
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The World Bank raised its 2013 economic growth forecasts for China and developing East Asia on Wednesday, and said the region remained resilient despite the lackluster performance of the global economy.
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SINGAPORE, Dec 19- The World Bank raised its 2013 economic growth forecasts for China and developing East Asia on Wednesday, and said the region remained resilient despite the lacklustre performance of the global economy.
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WASHINGTON, Dec 18- The World Bank pledged $900 million to Iraq over the next four years to help it create jobs, build stronger institutions and improve social inclusion, the global development lender said in a statement on Tuesday.
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WASHINGTON, Dec 18- The World Bank pledged $900 million to Iraq over the next four years to help it create jobs, build stronger institutions and improve social inclusion, the global development lender said in a statement on Tuesday.
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WASHINGTON, Nov 30- The World Bank has approved $167 million in emergency lending to Madagascar despite opposition from the United States due to concerns about increased human trafficking, U.S. and bank officials said on Friday.
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WASHINGTON, Nov 29- When Branko Milanovic, a World Bank economist, published "The Haves and the Have-Nots," a study of global income inequality last year, one of his most striking observations was the extent to which the subject was taboo in the United States.
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WASHINGTON, Nov 29- When Branko Milanovic, a World Bank economist, published "The Haves and the Have-Nots," a study of global income inequality last year, one of his most striking observations was the extent to which the subject was taboo in the United States.
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WASHINGTON, Nov 29- Global food prices remained stable, though close to 2008 record levels, the World Bank said on Thursday, as it warned that a "new norm" of costlier food was setting in and threatening to increase hunger and malnutrition in the world's poorer regions.
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A cloud of uncertainty has been lifted as Greece’s lenders agree on new debt targets, paving the way for the country to receive another tranche of aid, but one expert says Greece needs growth.
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Greece’s international lenders once again failed to reach an agreement on how to bring down its debt levels, delaying the release of vital aid to Athens and pushing the euro lower. Yet all is not lost for Greece and the single currency, analysts told CNBC.
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The euro, which hit a two-month low against the dollar on Tuesday as hopes that Greece would receive essential aid soon, faces further losses as concern about Greece’s future grow, currency analysts warn.
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The yen gets a break and oil prices take down the loonie — it's time for your FX Fix.
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Will they or won’t they? That’s the big question markets have been asking about Spain for the past few weeks—whether the country will ask for a credit line from Europe’s rescue fund and trigger a bond-buying program by the European Central Bank (ECB).
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Malaysia, which refused bailout from the International Monetary Fund (IMF) during the Asian financial crisis, says Greece should be given more time to implement reforms and clean up its finances, otherwise an overly-stringent austerity drive could push the country into a prolonged recession and make recovery even more unlikely.