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World Bank

Financial Sector: Crucial for Sustained Inclusive Growth

Financial Sector: Crucial for Sustained Inclusive Growth

The financial system shouold be developing a balance way through banks and non-banks. There are four key dimensions of financial developent.

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World Bank And IMF Leaders Address Press During Annual Spring Meetings

IMF and World Bank Started Annual Spring Meeting To Discuss Global Economy

Leaders of the world's economy began their regular meeting on Thursday discussing necessary steps to boost growth and consumption. While G20 also held a meeting with similar agenda.

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EGYPT-FRANCE-DIPLOMACY

Egypt Unveils Special Economic Program To Attract Foreign Investment

Last week, the Bank of Egypt has increased its benchmark rates following a devaluation of local currency by 10%. The moves are believed to be parts of measures taken by the government to address the shortage in foreign currency reserves. Now, the Egyptian government has announced on Sunday a new special program to secure foreign aid and investments.

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Brazilian Government Plans For Social Program Cuts Amid Recession

Latin America Economic Growth Has Left Some People Behind

Latin America experienced a phenomenal growth in the last decade. However, according to World Bank, the economic growth has not reached some people.Meanwhile the region's economy is slowing down in the last three years.

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Cheltenham Festival - St Patrick's Day

Nigeria Economic Slowdown Hits Guinness Nigeria's Sales

Guinness Nigeria, the country's second-biggest brewer is seeing a prolonged decline in sales and shares. The failing of the beer industry is part of a bigger national economic slowdown, whereas Nigeria, Africa's largest economy, seek out for loan to cover budget deficits.

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Views Of Tankers & Refineries As Oil Trades Near 12-Year Low

Oil Price is Still in Turbulence, While U.S. Reported Its Highest Level of Crude Inventories

Speculation over production cut and held the oil price to around $30 a barrel, but uncertainty still lingers. Meanwhile, U.S inventories are reported to reach its highest level of crude stockpile.

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Consumer Spending Squeezed As Economy Falters

Inflation in Argentina at historic high 21%; government targets 5% by 2019

Argentina is struggling from soaring inflation, which is hovering at 21 percent. The inflation rate is expected to reach 25 percent in 2016. The government is targeting to bring it down to five percent by 2019. The soaring prices are forcing consumers to pay everything in installments.

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Brazil

Brazilian middle class struggles as economy drops

The commodities-fuelled boom has transformed many millions of Brazilian poor people into 'the new middle class' and the ongoing recession is again eroding their spending and earning capacity. Middle-class people in Brazil find it difficult to sustain their living standards amid intensifying economy recession and soaring inflation rate. Many owners of small shops, coffee stalls and other small vendors see their dwindling earnings by more than half during the past three years. As a result, many middle-class people are slashing their spending levels, which result in a cascading impact on other segments.

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World Bank

World Bank sees global poverty to slip below 10% for first time

The percentage of poor people in the global population is expected to fall below 10 percent in 2015 for the first time, according to the forecast made by World Bank.

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International Monetary Fund

IMF review recommends delaying currency basket adoption of yuan

The International Monetary Fund should put off any move to add the yuan to its Special Drawing Rights currency basket until September 2016, an IMF staff report said, a move that would effectively end the Chinese currency's chances of an early inclusion.

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Stock index

China stocks slide despite calming efforts

China's stock markets closed sharply lower on Monday after a frantically volatile day of trading, despite surprise monetary easing moves by the central bank at the weekend.

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Asian Infrastructure Investment Bank

China-backed multilateral bank to take concrete shape this week

One of China's biggest ever foreign policy successes will take concrete shape on Monday when delegates from 57 countries sign an agreement on the Asian Infrastructure Investment Bank (AIIB) in Beijing.

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Dollar and Yuan Notes

U.S. to press China on currency, eye on AIIB: official

U.S. officials will press their Chinese counterparts on currency policy at high-level talks next week, and have not taken off the table the possibility that the United States may one day join a China-led infrastructure bank, a senior U.S. Treasury official said.

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Pumpjack

A year after the crash, oil markets risk more trouble ahead

A year on from the start of one of the biggest oil price crashes in history, the driving force behind the slide remains intact: there is still too much crude.

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Hong Kong-Zhuhai-Macao Bridge

In China's Pearl River Delta, HSBC faces a risky voyage

Every day hundreds of garment traders alight at the newly-built Humen station to ply their wares in the southern Chinese city of Dongguan, arriving on high speed trains that whoosh through the terminal every ten minutes.

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