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World Bank

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  • *World Bank cuts global growth forecasts. NEW YORK, Jan 14- U.S. stocks fell on Wednesday, on track for a fourth day of losses, as a World Bank forecast sparked concerns about weak economies and December U.S. retail sales missed expectations. Copper touched its lowest since July 2009 and was last down 6.2 percent at $5,497 a tonne after the World Bank cut its growth...

  • *World Bank cuts growth forecasts, deflation fears grow. NEW YORK, Jan 14- Securities around the world fell on Wednesday after the World Bank cut its economic growth forecasts for 2015 and 2016, with stocks lower across regions and copper suffering its biggest one-day drop in more than three years. Adding to the cautious tone in the United States, JPMorgan Chase& Co...

  • US STOCKS-Wall Street tumbles on global economic worries Wednesday, 14 Jan 2015 | 11:37 AM ET

    *World Bank cuts global growth forecasts. NEW YORK, Jan 14- U.S. stocks dropped on Wednesday, putting equities on pace for their fourth straight losing session as a World Bank forecast sparked concerns about weak economies and U.S. retail sales for December missed expectations. Copper touched its lowest since July 2009 and were last down 5 percent at $5,563 a tonne...

  • LONDON, Jan 14- Copper slid to a 5-1/ 2 year low on Wednesday after a downward revision to global growth by the World Bank and big falls in oil prices amplified recent fears about the outlook for the economy and demand, triggering a wave of stop-loss selling. LME copper prices fell to their lowest since July 2009 at $5,353.25 a tonne in intraday trade, before paring...

  • *World Bank lowers global growth forecasts for 2015, 2016. LONDON, Jan 14- Brnet crude oil fell a little more on Wednesday as increased U.S. crude stockpiles and a weak World Bank growth forecast conspired to keep prices close to the near-six year lows touched in the previous session. "It is a squarely bearish report with large across-the-board inventory builds,"...

  • Europe shares sink on mounting worries over global growth Wednesday, 14 Jan 2015 | 10:33 AM ET

    PARIS, Jan 14- European shares sank on Wednesday, knocked down by worries over the pace of global growth fueled by grim U.S. retail sales data and as the World Bank cut its forecast for growth. Shares in mining giants tumbled, with Glencore down 10.5 percent and hitting a record low, and Anglo American falling 9.6 percent, while copper prices tumbled 6 percent as...

  • *World Bank lowers global growth forecasts for 2015, 2016. LONDON, Jan 14- Oil prices recouped some early losses on Wednesday but remained under pressure after the World Bank cut its global economic growth forecast, doing little to end a rout that saw prices touch their lowest in nearly six years in the previous session. February Brent crude gained 20 cents to...

  • *Financial markets slide as World Bank cuts forecasts. LONDON, Jan 14- Gold rallied to a 12- week high on Wednesday as sharp falls in stock markets and other commodities prompted investors to buy the metal as a haven from risk, and as soft U.S. data weighed on the dollar. Financial markets fell sharply after the World Bank cut its growth forecasts for 2015 and 2016,...

  • *Copper hit by concerns over economic growth. LONDON, Jan 14- Copper and other base metals were hit by heavy selling on Wednesday and the oil price slump continued after the World Bank lowered its global growth forecast due to disappointing economic prospects in Europe and Asia. It cited disappointing economic prospects in the euro zone, Asia and some major...

  • *World Bank cuts global growth forecasts. *JPMorgan falls in premarket after earnings. Copper touched its lowest since July 2009 and were last down 5 percent at $5,570 a tonne after the World Bank cut its global forecast for economic growth in 2015 and next year.

  • *Copper hit by concerns over economic growth. LONDON, Jan 14- Copper and other base metals were hit by heavy selling on Wednesday and the oil price slump continued after the World Bank lowered its global growth forecast due to disappointing economic prospects in Europe and Asia. It cited disappointing economic prospects in the euro zone, Asia and some major...

  • *World Bank cuts global growth forecasts. *JPMorgan falls in premarket after earnings. Copper touched its lowest since July 2009 and were last down 5.1 percent at $5,353.25 a tonne after the World Bank cut its global forecast for economic growth in 2015 and next year.

  • GLOBAL MARKETS-Markets slump on gloomy growth outlook Wednesday, 14 Jan 2015 | 8:34 AM ET

    *World Bank cuts growth forecasts, deflation fears grow. LONDON, Jan 14- Financial and commodities markets slumped on Wednesday after the World Bank cut its growth forecasts for 2015 and 2016, fueling fears that the benefits of cheaper oil may be offset by anemic economies and the threat of deflation. Market nerves were soothed somewhat after a top adviser to the...

  • *World Bank cuts global growth forecasts. *JPMorgan falls in premarket after earnings. *Copper prices touched their lowest level since July 2009 and were last down 5.1 percent at $5,353.25 a tonne after the World Bank cut its global forecast for economic growth in 2015 and next year.

  • *World Bank lowers global growth forecasts for 2015, 2016. LONDON, Jan 14- Oil prices pared early losses on Wednesday but remained under pressure after the World Bank cut its economic growth forecast, doing little to end a rout that saw prices touch their lowest in nearly six years in the previous session. February Brent crude inched 12 cents higher to $46.71 a...

  • *FTSEurofirst 300 down 0.6 pct after World Bank move. LONDON, Jan 14- European shares fell on Wednesday, mirroring a slump in copper and oil prices after the World Bank cut its global growth forecast for this year. The World Bank on Tuesday lowered its global growth forecast for both 2015 and 2016 due to disappointing economic prospects in the euro zone, Japan and...

  • LONDON, Jan 14- Copper prices slid to their lowest in 5-1/ 2 years on Wednesday, triggered by a wave of stop-loss selling following a downward revision to global growth by the World Bank and big falls in oil prices. LME copper prices had fallen to their lowest since July 2009 at $5,353.25 a tonne in intraday trade. "The market was very worried about slowing growth...

  • *Financial markets slide as World Bank cuts forecasts. *Gold gives up some gains as commodities tumble. LONDON, Jan 14- Gold edged down from the previous day's 12- week high on Wednesday as a rout in other commodities pressured the metal and Asian buying slackened, though volatility in the wider markets lent support as investors sought a haven from risk.

  • *World Bank lowers global growth forecasts for 2015, 2016. LONDON, Jan 14- Oil prices fell 1 percent on Wednesday after the World Bank cut its economic growth forecast, helping extend a rout that saw prices touch a nearly six-year low the previous session. "The global economy is running on a single engine... the American one," World Bank chief economist Kaushik Basu said.

  • PRECIOUS-Gold steadies below 12-week high as dollar slips Wednesday, 14 Jan 2015 | 2:47 AM ET

    SINGAPORE, Jan 14- Gold steadied below a 12- week high on Wednesday as weakness in the dollar supported the safe-haven metal, after earlier losses spurred by a rout in other commodities such as oil and copper. Spot gold was little changed at $1,231.11 an ounce by 0733 GMT, below a 12- week high of $1,243.60 reached on Tuesday. On Tuesday the World Bank lowered its...