HARARE, Oct 19- Zimbabwe aims to clear its $2 billion arrears with the World Bank and African Development Bank in the next 12 months, after securing the support of international creditors and donor countries, Finance Minister Mthuli Ncube said on Friday. Zimbabwe has struggled to access international credit since defaulting on its debts to global lenders two...
Growing a company involves hiring the right people. For Jack Ma, the man behind Chinese tech giant Alibaba, that's a process that took him some time to master.
Jack Ma, the iconic co-founder of Chinese tech giant Alibaba, said he's returning to teaching after stepping down as chairman of the company. And he has his lesson plan drawn up.
CAIRO, Oct 16- Egypt has agreed a new $3 billion financing deal with the World Bank, its investment ministry said in a statement on Tuesday. Egypt secured a loan of similar size in 2016 from the Fund. The government said it would help secure economic growth.
Joaquim Levy of the World Bank Group says the Global Infrastructure Facility's role is to ensure there are good projects for the private sector to invest in.
The Global Voyage Fund is "a billion-dollar fund focused on fintech and digital health, which are two of the most important areas for our company," Ping An Insurance Group's Chief Innovation Officer Jonathan Larsen told CNBC.
President Donald Trump took office in January 2017, Chinese President Xi Jinping portrayed Beijing as the champion and defender of globalisation at the Davos World Economic Forum amid rising fears of trade protectionism. At the International Monetary Fund and World Bank annual meetings on the Indonesian resort island of Bali, some of that sentiment...
President Donald Trump took office in January 2017, Chinese President Xi Jinping portrayed Beijing as the champion and defender of globalization at the Davos World Economic Forum amid rising fears of trade protectionism. At the International Monetary Fund and World Bank annual meetings on the Indonesian resort island of Bali, some of that sentiment...
MANILA, Oct 14- The Philippines' finance ministry said on Sunday it was exploring a plan to sponsor a catastrophe bond issue, similar to the one launched by the World Bank early this year covering Latin American earthquakes. Finance Secretary Carlos Dominguez discussed the proposals with executives of Citigroup on the sidelines of the International Monetary...
"We still have plenty of monetary instruments in terms of interest rate policy, in terms of required reserve ratio. We have plenty of room for adjustment, in case we need it," said Yi Gang, the governor of the People's Bank of China.
The statement came after U.S. Treasury Secretary Steve Mnuchin reiterated his concern over the yuan's weakening against the dollar.
Some have speculated that China could hit back at the U.S. by selling a huge chunk of the more than $1 trillion of U.S. treasury bonds it holds.
The U.S. economy is "incredibly positive," and markets tend to go too far in both directions, Mnuchin says.
*Inflaming tensions, China posts record U.S trade surplus. *China trade talks must cover currency, U.S. Indonesian President Joko Widodo didn't mention the United States or China, the world's two largest economies, but it was clear who he was talking about in an address to the plenary session of the International Monetary Fund and World Bank meetings on the island...
*Inflaming tensions, China posts record U.S trade surplus. *China trade talks must cover currency, U.S. Indonesian President Joko Widodo didn't mention the United States or China, the world's two largest economies, but it was clear who he was talking about in an address to the plenary session of the International Monetary Fund and World Bank meetings on the island...
NUSA DUA, Indonesia, Oct 12- Trade tensions within the Group of 20 leading industrialized and emerging economies could only be solved by the countries directly involved, the chairman of a meeting of finance leaders from the G20 said after a gathering in Bali on Friday. Taking place on the sidelines of the International Monetary Fund and World Bank meetings on the...
Much of the trade impact on China's growth is expected to be offset by the government's policies to stimulate the economy, noted Changyong Rhee, director of the Asia and Pacific Department at the International Monetary Fund.
NUSA DUA, Indonesia, Oct 12- Indonesian President Joko Widodo urged global central bankers and finance ministers on Friday to remain committed to cooperation and to "nudge their leaders in the right direction" to contain growing risks facing the world's economy. At the plenary session of the International Monetary Fund and World Bank meetings being hosted by...
The sell-off in the yuan is in some ways a reversal of the strength in the Chinese currency since 2016, Tim Adams, president and CEO of The Institute of International Finance, told CNBC.
The global economy has hit a plateau and may not be strong enough to withstand rising trade tensions, IMF Managing Director Christine Lagarde said Thursday.
Data also provided by 
