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International Organizations World Bank

  • SANTIAGO, Jan 16- The World Bank told Chile it did not treat the South American country unfairly in its closely watched annual "Doing Business" index, disputing accusations of bias made by its own chief economist, according to a document seen by Reuters on Tuesday. Chilean officials have called for an investigation after World Bank Chief Economist Paul Romer...

  • SANTIAGO, Jan 16- The World Bank told Chile it did not treat the South American country unfairly in its closely-watched annual "Doing Business" index, disputing accusations of bias made by its own chief economist, according to a document seen by Reuters on Tuesday. Chilean officials have called for an investigation after World Bank Chief Economist Paul Romer...

  • SANTIAGO, Jan 14- A World Bank economist in charge of the lender's annual competitiveness rankings denied accusations that the reports treated Chile unfairly for several years, according to an interview with the El Mercurio newspaper published on Sunday. Chilean officials criticized the World Bank after its chief economist, Paul Romer, said changes to the "...

  • SANTIAGO, Jan 13- Chilean officials on Saturday criticized the World Bank, saying it treated the South American country unfairly in its closely watched annual "Doing Business" competitiveness rankings. "What happened with the World Bank's competitiveness rankings is very concerning," socialist President Michelle Bachelet, whose four-year term ends in March,...

  • SANTIAGO, Jan 13- Chilean officials on Saturday criticized the World Bank, saying it treated the South American country unfairly in its closely watched annual "Doing Business" competitiveness rankings. "What happened with the World Bank's competitiveness rankings is very concerning," socialist President Michelle Bachelet, whose four-year term ends in March,...

  • A World Bank forecast of solid global economic growth also boosted metals, while investors shrugged off weak inflation data from China, the world's biggest metals consumer. Prices would likely move higher if they held above $13,000, said Societe Generale analyst Robin Bhar. GLOBAL GROWTH: The global economy is set to expand by 3.1 percent in 2018, slightly up...

  • LONDON, Jan 10- Copper prices rose on Wednesday from a two-week low, while other industrial metals also gained after the World Bank forecast solid global economic growth in 2018 and the dollar weakened, making metals cheaper for holders of other currencies. COPPER: Benchmark copper on the London Metal Exchange was up 0.5 percent at $7,136.50 a tonne at 1039 GMT...

  • MELBOURNE, Jan 10- London copper on Wednesday moved away from a two-week low struck in the previous session, buoyed as the dollar softened and the World Bank issued a solid view of global economic growth. *COPPER: London Metal Exchange copper had edged up 0.1 percent to $7,110.50 a tonne by 0710 GMT, recovering from losses in the previous session when prices tipped...

  • MELBOURNE, Jan 10- London copper on Wednesday moved away from a two-week low struck in the previous session, buoyed as the dollar softened and the World Bank issued a solid view of global economic growth. *COPPER: London Metal Exchange copper had edged up 0.3 percent to $7,121 a tonne by 0541 GMT, neutralizing losses from the previous session when prices tipped...

  • MELBOURNE, Jan 10- London copper rose on Wednesday, away from the weakest in a fortnight struck in the previous session, as the dollar softened and the World Bank issued a solid view of global economic growth that supported demand expectations for metals. *COPPER: London Metal Exchange copper edged up by 0.3 percent to $7,121.50 a tonne by 0241 GMT, neutralizing...

  • WASHINGTON, Jan 9- The global economy is set to expand by 3.1 percent in 2018, slightly up from 3 percent last year and marking the first year since the 2008 Great Recession that it will near or achieve full growth potential, the World Bank said on Tuesday. In an update of its twice-yearly economic report, the World Bank however warned that the economic upswing this...

  • WASHINGTON— The World Bank predicts that the global economy will grow 3.1 percent this year, which would be its best showing in seven years. The U.S. economy will grow 2.5 percent this year, the World Bank now predicts, up 0.3 percentage point from its June estimate. In its report released Tuesday, the World Bank credited the widespread global rebound, after years of...

  • Islamic Bank of Britain was launched in London, England in 2004. The bank has since been renamed to Al Rayan bank.

    More governments and companies see Islamic finance as a stable funding alternative to the conventional banking system, experts said.

  • MELBOURNE, Dec 19- London metal prices eased on Tuesday, with traders booking profits on recent gains that were fuelled by a rosier demand outlook after data for last month showed resilience in global manufacturing. The World Bank on Tuesday raised its forecast for China's economic growth in 2017 to 6.8 percent from the 6.7 percent it projected in October, as...

  • BEIJING, Dec 19- The World Bank on Tuesday raised its forecast for China's economic growth in 2017 to 6.8 percent from 6.7 percent it projected in October, as personal consumption and foreign trade supported growth. But the Washington- based lender kept its forecast for China's 2018 and 2019 GDP growth unchanged at 6.4 percent and 6.3 percent, respectively, due to...

  • Dec 14- Countries across energy-rich Central Asia are a long way from readjusting to lower oil prices and will need to carry out large-scale reforms to regain competitiveness, a senior World Bank economist told Reuters in an interview. Failure to do so could undermine ruling elites and create serious political risks, said Hans Timmer, chief economist for the...

  • GABORONE, Dec 13- The Botswana Stock Exchange on Wednesday listed a 250 million pula bond for the International Finance Corporation, the exchange's first local currency bond issued by a non-resident issuer. Through the bond, the IFC, a member of the World Bank Group, will invest the 250 million pula in BBS Limited, a 41- year old building society in the process of...

  • PARIS, Dec 12- The World Bank will no longer finance upstream oil and gas projects after 2019, apart from certain gas projects in the poorest countries in exceptional circumstances, it said on Tuesday, drawing praise from environmental groups. "The World Bank... has sent a damning vote of no confidence to the future of the fossil fuel industry," Greenpeace...

  • *Uzbekistan opens the door, a crack. *Uzbekistan to seek World Bank loan of up to $1 billion- source. *Uzbekistan pulls students, teachers, nurses from cotton fields- sources.

  • *Uzbekistan opens the door, a crack. *Uzbekistan to seek World Bank loan of up to $1 billion- source. *Uzbekistan pulls students, teachers, nurses from cotton fields- sources.