The World Bank suggests the number of the poorest people will rise if greenhouse gas emissions aren't curbed.» Read More
Gold fell to a four-week low on Wednesday as stock markets strengthened and the dollar firmed.
A Fed policy rate hike would have negative impacts due to rising uncertainty over China, an economist said. Financial Times reports.
WASHINGTON, Sept 8- The U.S. Federal Reserve should hold off on raising interest rates until the global economy is more stable, the World Bank's chief economist said in an interview with the Financial Times published on Tuesday. "I don't think the Fed lift-off itself is going to create a major crisis but it will cause some immediate turbulence," Kaushik Basu was...
WORLD BANK CHIEF ECONOMIST SAYS U.S.
ANKARA, Sept 5- Islamic finance is increasingly important in the global economy and needs to be better integrated into the international financial system, German Finance Minister Wolfgang Schaeuble told a meeting of the Group of 20 leading economies on Saturday. The World Bank, Islamic Development Bank and countries including Saudi Arabia and South Africa...
*Looser lending rules seen as challenge to World Bank, ADB. *World Bank, ADB, play down talk of rivalry with newcomer. BEIJING, Sept 2- China's new international development bank will offer loans with fewer strings attached than the World Bank, sources said, as Beijing seeks to change the unwritten rules of global development finance.
ULAANBAATAR, Sept 2- Balchig Baljinnyam, a small-time farmer in central Mongolia, is busy building a shelter for his dairy cows ahead of what is expected to be the most brutal winter in years. It will be a double whammy for Mongolia this year. In 2009-2010, Mongolia lost 20 percent of its livestock to the dzud, the World Bank estimates.
WARSAW, Aug 25- Poland will join the Chinese-led Asian Infrastructure Investment Bank to boost its ties to Asia and create new business opportunities for Polish companies, the government said on Tuesday. The AIIB is seen as a potential rival to the World Bank and Asian Development Bank. Despite initial opposition from Washington, almost all major U.S. allies-...
Fidel Castro once revealed some uncharacteristic financial regrets when seeking help for Cuba from a U.S. banker in 1980.
The oil price could be stuck firmly around $50 by 2020, a Goldman Sachs analyst told CNBC, raising new fears about companies who've already cut costs.
The recent gyrations in China's stock market will have limited direct impact on global investors.
The World Bank has upped its oil price forecast for 2015, but the marginal rebound in the price of Brent crude won't pull energy prices up.
*NDB to help emerging economies develop faster- China finmin. SHANGHAI, July 21- Officials from the world's largest emerging nations launched the New Development Bank on Tuesday, the second of two new policy banks heavily backed by Beijing that are being pitched as alternatives to existing institutions such as the World Bank. The new bank will fund...
KIEV, July 16- Ukraine's parliament has passed all the laws needed to receive a second tranche of financial aid from the International Monetary Fun worth $1.7 billion, a deputy Finance Minister, Artem Shevalev, said on Thursday. "Thanks to the MPs for being responsible- all currently outstanding IMF and World Bank laws approved," he said in a Facebook post.
China needs to take these three steps to restore its markets and investor confidence, says Curtis Chin.
Sub-Saharan Africa has been the darling of frontier market investors for several years. However, a combination of factors could see its appeal for investors wane.
Mainland China's heavy-handed intervention in its stock market damages the credibility of its broader efforts to become a more open market.
An Iran nuclear deal could mean a possible arms race in the Middle East——or improved relations between historic enemies, experts say.
*Net profit grew 2.5 pct last year to $89.1 bln. BEIJING, July 3- China's sovereign wealth fund China Investment Corp is ready to work with the new Chinese-led Asian Infrastructure Investment Bank to invest in projects in the region, a senior official said on Friday. The AIIB, which is expected to rival institutions such as the World Bank and the Asian Development...
DHAKA, July 2- The World Bank has upgraded Bangladesh, Kenya, Myanmar, and Tajikistan to its lower middle income classification from least developed countries while South Sudan has fallen back into the low-income group. Mongolia and Paraguay moved from lower middle-income status to upper middle-income, where income is $4,126 to $12,735 a year, the bank said,...