Bert Hofman, Chief Economist, East Asia & Pacific at the World Bank, outlines the organization's growth prospects for the year ahead.» Read More
*World Bank raises its global growth outlook for 2013. NEW YORK, Jan 15- Global equity markets pushed higher and the dollar advanced on Wednesday after positive economic data and stronger-than expected earnings from Bank of America pointed to continued improvement in the U.S. economy.
*World Bank lifts growth outlook for 1st time in 3 years. LONDON, Jan 15- European shares rose on Wednesday to fresh 5-1/ 2 year highs, buoyed by a better global growth outlook from the World Bank, with gains supported by easing regulatory concerns over banks in the euro zone.
*World Bank raises forecast for global growth. Three-month nickel on the London Metal Exchange was down 0.03 percent at $14,335 a tonne at 1043 GMT after falling to a session low of $14,224. "I think there's a realisation that things got a bit overcooked in the last few days," analyst Robin Bhar at Societe Generale said.
*U.S. data, World Bank forecasts lift stocks, dollar. *Gold drops for second straight day. LONDON, Jan 15- Gold fell for a second straight session on Wednesday, retreating from one-month highs, as strong U.S. data and optimistic global growth prospects prompted a rally in the dollar and equities, detracting interest from the metal.
*World Bank lifts growth outlook for 1st time in 3 years. LONDON, Jan 15- European shares rose on Wednesday to fresh 5-1/ 2 year highs, led by stocks sensitive to the global economic outlook after the World Bank raised its growth forecast for the first time in three years.
*World Bank raises forecast for global growth. *Japan's PPC, BHP take holiday from 2014 copper TC/RC term deals. SYDNEY, Jan 15- London copper edged down on Wednesday as traders took profits and as demand eased ahead of the Lunar New Year, but prices were buttressed by improving economic optimism after the World Bank raised its forecast for global growth.
PARIS, Jan 15- European stocks rose in early trade on Wednesday, with a key benchmark hitting a 5-1/ 2 year high, mirroring gains on Wall Street and in Asia on renewed hopes for global growth.
*World Bank upgrades outlook; China data misses forecasts. SYDNEY, Jan 15- Asian share markets were mostly higher on Wednesday as the World Bank upgraded its outlook for the global economy while the dollar extended gains in the wake of surprising strength in U.S. consumer spending.
*World Bank raises forecast for global growth. *Japan's PPC, BHP take holiday from 2014 copper TC/RC term deals. SYDNEY, Jan 15- London copper was steady on Wednesday, with demand easing ahead of the Lunar New Year, but prices were buttressed by improving economic optimism after the World Bank raised its forecast for global growth.
SYDNEY, Jan 15- London copper edged up on Tuesday after the World Bank raised its forecast for global growth for the first time in three years, boosting sentiment and burnishing the outlook for demand. *The most-traded March copper contract on the Shanghai Futures Exchange inched up 0.1 percent to 51,710 yuan a tonne.
WASHINGTON, Jan 14- The World Bank on Tuesday raised its forecast for global growth for the first time in three years as advanced economies started to pick up pace, led by the United States. The bank expected stronger growth in the United States in particular, of 2.8 percent in 2014, from 1.8 percent last year.
Indonesia is scrambling to pass last-minute regulations to limit the impact of a ban that could halt billions of dollars worth of mineral ore exports.
WASHINGTON, Jan 10- An internal World Bank watchdog criticized the lender on Friday for not doing enough due diligence on a loan made to an Honduran company that is purportedly linked to multiple killings and drug trafficking.
JAKARTA, Jan 10- Indonesia's government was scrambling to pass last-minute regulations to limit the impact of a controversial ban that could halt billions of dollars worth of unprocessed mineral ore exports from Sunday. Mineral shipments totalled $10.4 billion in 2012, or around 5 percent of Indonesia's total exports, according to the World Bank.
Britain was the largest grant donor to the World Bank's $52 billion fund for poor countries followed by the US, Japan and Germany.
WASHINGTON, Dec 23- Britain was the largest grant donor to the World Bank's fund for poor countries in the latest round, followed by the United States, Japan and Germany, as the traditional top four donors shuffled their rankings.
WASHINGTON, Dec 19- The World Bank took a bold stance on fighting corruption on Thursday, with President Jim Yong Kim saying that corruption at both the public and private level is the scourge of the developing world.
*International lenders and EU discussing Ukraine aid. BRUSSELS, Dec 11- European officials are in discussion with the International Monetary Fund, the World Bank and other major financial institutions on ways to help Ukraine if it decides to sign a free-trade agreement with the European Union.
WASHINGTON, Dec 10- Emerging markets could adjust to the withdrawal of the Federal Reserve's massive monetary stimulus as long as it happens gradually, World Bank President Jim Yong Kim said on Tuesday.
WASHINGTON, Dec 9- Israel, Jordan and the Palestinian Authority on Monday signed a water-sharing agreement that includes the building of a desalination plant on the Gulf of Aqaba and a pilot study for a pipeline linking the Red Sea with the Dead Sea, the World Bank said.