When do we get off this treadmill, where central banks believe it's their job to not only provide stability but also boost asset prices?» Read More
Geoff Lewis, Global Market Strategist at J.P. Morgan Asset Management, says the World Bank's forecast that the Chinese economy will grow at 7.7 percent this year suggests it is in the process of bottoming out.
As trade tensions between the U.S and China heat up, with both countries filing complaints to the World Trade Organization (WTO) on Monday, experts say the grumbling is no more than posturing in a politically important year for Beijing and Washington and should fizzle out eventually.
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As markets eagerly await a decision from the European Central Bank (ECB), which holds its policy meeting on Thursday, Robert Zoellick, former president of the World Bank warns that monetary easing will do little to solve the region’s debt crisis.
Beschloss is president and CEO of The Rock Creek Group, which provides investment and advisory services to large investors and utilizes customized hedge fund and emerging market portfolios.
The global economy is still unbalanced five years after the onset to the financial crisis, says Stephen Cecchetti, BIS head of monetary & economic department, with an update from the Bank of International Settlement's annual report.
Earlier this week ratings agency Standard & Poor’s said India could be the first BRIC economy to lose its investment grade status, which was followed a day later by data showing factory output had nearly stalled in April. While India’s recent dismal economic performance has had investors looking for exits, several experts tell CNBC things are not as bad as the headlines suggest.
Hans Timmer, Director, Economic Prospects Group at the World Bank says that China is undertaking fundamentals changes and taking steps for the yuan to ultimately become a reserve currency.
Hans Timmer, Director, Economics Prospects Group, World Bank says developing countries will be vulnerable if there's another global financial crisis because their financial positions are now as strong as they were in 2007.
After three years of monetary easing and unconventional policies to revive their economies from a slump, the Fed and the European Central Bank are now shifting the onus to politicians, urging them to fulfill their responsibilities.
Is the global economy at risk, and how can we avoid a financial tsunami? Robert Zoellick, World Bank president, shares his opinions.
The summer of 2012 is looking like an “eerie” echo of 2008 but euro zone sovereign debt has replace mortgages as the risky asset class that markets are anxious about, said Robert Zoellick, President of the World Bank.
China stocks may trade lower on Thursday, weighed down by uncertainties about the global economy and China's own fiscal policy response.
The world has "hopefully" gotten through the worst in terms of what some analysts have called "currency wars," according to Chad P. Bown, senior economist at the World Bank's Development Research Group, Trade and International Integration.
The World Bank said Monday that Dartmouth College President Jim Yong Kim will become its next president.
Nigeria's Ngozi Okonjo-Iweala, one of three candidates for the top job at the World Bank, says creating jobs is the most important challenge facing the organization's member countries, and that requires investments in a number of sectors such as infrastructure and agriculture.
Jim Yong Kim, the US nominee to head the World Bank, is coming under fire over a book he co-authored that criticises “neoliberalism” and “corporate-led economic growth”, arguing that in many cases they had made the middle classes and the poor in developing countries worse off.
Robert Zoellick, the outgoing president of the World Bank, has backed the creation of a Brics bank, saying the need for such an institution highlights the dangers of existing multilateral organisations failing to mobilise sufficient resources to support large developing countries.
President Obama made his choice for the next person to lead the World Bank. The nomination comes as chances that someone outside the U.S. will lead the bank for the first time, reports CNBC's Eamon Javers.
Annoucing his nominee, President Obama said, "It's time for a development professional" to lead the world's largest development agency.