``"My concern is that the signals coming out of the U.S. economy have been mixed," World Bank Chief Economist Kaushik Basu told reporters Wednesday in Washington on a conference call to discuss the bank's semiannual global economic forecasts.''
Submitted by Michael Snyder via The Economic Collapse blog, Central banking has truly taken over the entire planet. At this point, the only major nation on the globe that does not have a central bank is North Korea. Yes, there are some...Show More Summary
Development institution now expects world economy to grow by 2.8% in 2015, 3.3% in 2016.
The World Bank is asking the Federal Reserve to wait until 2016 before it raises rates. According to Bloomberg, the bank's chief economist Kaushik Basu said on Wednesday that the economy is sending mixed signals. The World Bank also cut... Read more The post World Bank And IMF Want Fed To Hold Off On Rate Hikes Until 2016 appeared first on Business Pundit.
And now, the World Bank is also asking the Federal Reserve to wait until 2016 before it raises rates. According to Bloomberg, the bank's chief economist Kaushik Basu said on Wednesday that the economy is sending mixed signals. The World...Show More Summary
The Ukrainian economy is most likely to shrink by 7.5 percent in 2015 in contrast to previous estimates of 2.3 percent, according to the World Bank Group's latest 2015 Global Economic Prospects report released on Wednesday.
By Anna Yukhananov WASHINGTON (Reuters) - The World Bank on Wednesday cut its global growth outlook for this year and urged countries to "fasten their seat belts" as they adjust to lower commodity prices and a looming rise in U.S. interest rates. Show More Summary
On March 11, 2009, President Obama signed into law the FY2009 Omnibus Appropriations Act that permanently prohibits banks from entering the real estate brokerage and management businesses. Legislation is often less effective than its framers intend. Show More Summary
World Bank and government officials like to describe the proposed Grand Inga dams on the Congo as a "dream for Africa", which could electrify the whole continent at low cost. Instead, the world's largest hydropower scheme risks turning...Show More Summary
The monetary authorities made a hash of things last decade, as they did in the 1920s, 1930s and 1960s. They still have a three-fold problem. Central banks fundamentally misunderstand financial markets, debt and currencies. With new ideas, their record could improve.
PANAMÁ VILLAGE, Honduras — Glenda Chávez walks between the orange trees of her family’s grove, approaching a low wire fence that divides her property from Corporación Dinant’s Paso Aguán plantation. On Dinant’s side of the fence, rows of spiky palm oil trees stretch for miles across the green landscape of northern Honduras. Show More Summary
By Kaitlyn Lannan: Kaitlyn Lannan is a student at Northwestern University. Planning a trip to Walt Disney World as a college student? It?s possible to create an itinerary filled with fun that doesn?t break the bank! Doing some thorough planning before you leave will help you to minimize your costs while allowing you maximize your fun. Show More Summary
The U.S. Agency for International Development (USAID), World Bank Group, WHO, and countries and partners are coming together today at the World Bank Group for a high-level summit, Measurement and Accountability for Results in Health,...Show More Summary
HSBC Holdings, Europe's largest bank by market value, will cut up to 25,000 jobs around the world to reduce costs and shift its center of gravity back toward the fast-growing Asian economies where it started 150 years ago. The bank, currently based in London, said today it's "undertaking a...
Just days after JPMorgan revealed it would fire another 5,000 by the end of the year in a "scalpel" headcount reduction, overnight the world's favorite drug money laundering bank HSBC unleashed the machete and announced it would cut almost 50,000 workers, or one in five bankers, a move which would shrink the investment bank division by one-third. Show More Summary
WASHINGTON (Thomson Reuters Foundation) - The World Bank wants all corporate bidders on bank-funded projects to publicly reveal their true owners as a way of tackling fraud and cronyism in government contracts, a senior official sai...
For six years, the world has operated under a complete delusion that Central Banks somehow fixed the 2008 Crisis. All of the arguments claiming this defied common sense. A 5 th grader would tell you that you cannot solve a debt problem by issuing more debt. Show More Summary
Last year I penned "Who Are The Three Biggest Data Companies In the World? 1) Google 2) the Fed 3) JP Morgan/ECB" in an attempt to illustrate what many C-suite professionals seem to be missing. That is banks are essentially in direct competition with GAFA (Google, Apple, Facebook and Amazon - the pre-eminent data companies of our time). Show More Summary
Deutsche Bank CEOs “Shown Door” – World’s Largest Holder of Derivatives In Trouble? - Deutsche co-CEOs announce “resignation” nine months before their contracts expire- Only two weeks ago, CEO Anshu Jain was given more power to reorganise...Show More Summary
A report issued by Duetsche Bank last month noted that solar power yieldcos will play a major role in driving revenue and profit growth for project developers around the world. The Duetsche Bank investment note stated that solar power...Show More Summary