The World Bank cut its Russia growth forecast on Wednesday, warning of economic stagnation until 2016.» Read More
New environmental threats that laws cannot address are fostering a fresh grassroots call to action, says guest commentator Terry Tamminen.
Raghavan Seetharaman, President & CEO of Doha Bank, talks about the company's recently-opened Sydney office - the first for a bank from the Gulf region.
Leaders of the five BRICS nations plan to create a development bank in a direct challenge to the World Bank that they accuse of Western bias. The bank would use $50 billion of seed capital shared equally but dominated by China.
Developing nations must be ready for a financial market selloff if the Cypriot banking sector collapses, World Bank Managing Director Sri Mulyani Indrawati said on Sunday, urging a swift resolution to the crisis in Cyprus.
Andrew Burns, lead economist at the World Bank, tells CNBC why the risks in 2013 are less negative and we could see surprises to the upside.
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.
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.
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.
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.
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.
The yen gets a break and oil prices take down the loonie — it's time for your FX Fix.
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).
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.
After passing on interest rate cuts in the last two months despite mounting evidence of a deteriorating economy, the Bank of Korea (BoK) will likely move to ease monetary policy when it meets on Thursday, to bolster an economy that’s expected to grow at the slowest pace since 2009.
Lee Boon Keng , Head of Investment Solutions Group at Julius Baer, says despite the weak global growth forecasts by the World Bank and the IMF, a key positive for investors is the improving U.S. economy.
Frederic Neumann, MD & Co-Head of Asian Economics Research, HSBC thinks the euro zone crisis and the China-Japan dispute may dominate the discussion at the IMF & World Bank meetings in Tokyo.
Bert Hofman, Chief Economist, East Asia & Pacific at the World Bank said he expects the Chinese economy to grow 8.1% in 2013, boosted by the mainland's policy easing earlier this year and a rebound in global trade.
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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