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World Bank

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  • MOSCOW, Jan 14- The World Bank expects Russia's economy to contract by 2.9 percent in 2015, it said in a report on global economic growth on Wednesday, cutting its forecast from December when it expected a 0.7 percent contraction. The bank also predicted 0.1 percent growth in 2016 and 1.1 percent growth in 2017, following 0.7 percent growth in 2014..

  • WORLD BANK CUTS FORECAST FOR RUSSIA'S GDP GROWTH IN 2015 TO -2.9 PCT FROM 0.7 PCT.

  • *Bond yields shrink, World Bank cuts global growth forecasts. The metal is often considered a barometer of industrial demand, so the slump leant extra gravitas to news the World Bank had cut its 2015 growth forecasts blaming sluggishness in the euro zone, Japan and some major emerging economies. "The global economy is at a disconcerting juncture," World Bank chief...

  • *Bond yields shrink, World Bank cuts global growth forecasts. Not helping the mood was news that the World Bank had cut its 2015 global growth forecasts to 3 percent from 3.4 percent because of sluggishness in the euro zone, Japan and some major emerging economies. That was a challenging background for equities, with MSCI's broadest index of Asia-Pacific shares...

  • *Bond yields shrink, World Bank cuts global growth forecasts. Not helping the mood was news the World Bank had lowered its global growth forecasts because of sluggishness in the euro zone, Japan and some major emerging economies. "The global economy is at a disconcerting juncture," World Bank chief economist Kaushik Basu told reporters.

  • WASHINGTON, Jan 13- The World Bank on Tuesday lowered its global growth forecast for 2015 and next year due to disappointing economic prospects in the euro zone, Japan and some major emerging economies that offset the benefit of lower oil prices. "The global economy is at a disconcerting juncture," World Bank chief economist Kaushik Basu told reporters.

  • ANKARA, Jan 12- Turkey could become a high-income nation within five years, provided the government boosts productivity and embraces much needed structural reforms to improve the rule of law, the World Bank's country director said on Monday. The World Bank's Martin Raiser told Reuters he was hopeful that Turkey can push per capita gross national income above...

  • World Bank sees slower track for global trade engine Wednesday, 7 Jan 2015 | 4:00 PM ET

    WASHINGTON, Jan 7- Global trade should expand more slowly over the next decade than it did in the 30 years before the financial crisis, the World Bank said on Wednesday, citing forecasts for slower economic growth and longer-term shifts in trade patterns. But trade growth levels have fallen to about half that for the past two years, and should only rise to about 5...

  • "If people think this is just to raise the flag, it's not going to last long," said Christopher Flensborg, Head of Sustainable Products and Product Development for Skandinaviska Enskilda Banken AB, the Swedish bank that's the world's largest underwriter of green bonds. Green bonds used to come exclusively from AAA-rated organizations like the World Bank; the...

  • NEW YORK, Dec 17- A tiny mutual fund based in Miami, a clutch of cruise line operators and a Canadian natural resources company rank among the early winners in the Obama administration's surprise move on Wednesday to thaw relations with Cuba. While the Cuban economy is small, with gross domestic product of roughly $70 billion, according to the World Bank,...

  • NEW YORK, Dec 17- A tiny mutual fund based in Miami, a clutch of cruise line operators and a Canadian natural resources company are the early winners in the Obama administration's surprise move on Wednesday to thaw relations with Cuba. While the Cuban economy is small, with gross domestic product of roughly $70 billion, according to the World Bank, comparable to...

  • The 10 toughest countries for business Wednesday, 10 Dec 2014 | 8:45 AM ET

    CNBC.com takes a look at the world's most difficult countries in which to do business, based on a report from the World Bank.

  • MOSCOW, Dec 9- The World Bank said on Friday it expected the Russian economy to contract by 0.7 percent in 2015 in its new baseline scenario before growing by 0.3 percent in 2016.. The new baseline, or most likely scenario, assumes an average oil price of $78 per barrel for 2015 and of $80 per barrel for 2016.. "Investment is projected to contract for a third year in a row...

  • WORLD BANK SAYS IN NEW BASELINE SCENARIO RUSSIAN ECONOMY WILL CONTRACT BY 0.7 PCT IN 2015, GROW 0.3 PCT IN 2016.

  • The sukuk from the International Finance Facility for Immunization Co, for which the World Bank acts as treasury manager, is a break from the predominantly commercial nature of most Islamic finance transactions. The deal is part of World Bank efforts to adapt sukuk for use in a variety of ethical pursuits, including advising the Dubai government on a funding...

  • WASHINGTON, Dec 2- Colombia's government rewarded children who showed up for school in Bogota with cash payments for their families, an attempt to reduce high school drop-out rates and encourage university attendance. But the program was less effective until the government made a tweak: some families would receive smaller regular sums and get a bigger payout...

  • CARACAS, Dec 2- The World Bank's international arbitration panel will not decide this year whether to take up Venezuela's request for a revision of an award that ordered it to pay Exxon Mobil Corp in compensation for oil projects nationalized in 2007, a lawyer for the country told Reuters on Tuesday. The International Center for Settlement of Investment...

  • Pragmatisim is driving global economics: Pro   Monday, 17 Nov 2014 | 8:47 PM ET
    Pragmatisim is driving global economics: Pro

    Laurence Brahm, Founder of the Himalayan Consensus Institute, discusses the emergence of a new financial framework that has spurred the integration of third world nations with its developed peers.

  • World Bank warns on Russia as sanctions bite Wednesday, 24 Sep 2014 | 8:43 AM ET

    The World Bank cut its Russia growth forecast on Wednesday, warning of economic stagnation until 2016.

  • World Bank chief on Russia and Ukraine crisis   Friday, 19 Sep 2014 | 1:15 AM ET
    World Bank chief on Russia and Ukraine crisis

    Jim Yong Kim, President of the World Bank, says the organization has a good relationship with Ukraine and Russia but the G20 meeting needs to help "turn down the heat" in the crisis.