Global funds for India’s aggressive plan to install “ultra mega solar power plants” have begun to flow with the World Bank ready to support a 750 MW power plant, which is likely to become the largest solar power plant in the world. The project would require a total investment of about ?8,000 crore ($1.3 billion). Show More Summary
The majority of women have at least one purse in their closet, but while many don’t like to splurge on accessories, a select few will empty their bank accounts to acquire one of the most expensive designer bags in the world. Why spend so much money on a handbag? Well, for one, the exclusiveness of […]
Prince William, the Duke of Cambridge, rose to new heights as an international leader earlier this month when he traveled to the United States to address The World Bank on the need to end the illegal wildlife trade. As someone who has...Show More Summary
Submitted by David Stockman via Contra Corner blog, Virtually every day there is an eruption of lunacy from one central bank or another somewhere in the world. Today it was the Swiss central bank’s turn, and it didn’t pull any punches...Show More Summary
The world’s prominent central banks are pursuing an accommodative monetary policy and this bodes well for the stock market. Remember, when it comes to investing, monetary policy trumps everything else and the risk free rate of return determines the value of every asset.
JPMorgan Chase probably has the broadest — and weirdest — history of any American bank. Its story includes a role in killing the first Secretary of the Treasury, helping to win World War I, and contributing to the 2008 financial crisis. Like the other major Wall Street firms, landing a gig at JPMorgan is a ticket to a higher tax bracket. Show More Summary
The Sierra Club and Oil Change International jointly released a scorecard evaluating the four major multilateral development banks, World Bank Group, African Development Bank, Asian Development Bank, and Inter-American Development Bank, on their investment in clean energy access. All were failing. read more
World’s Fair’s Remy Banks drops off a new one featuring Milkavelli named after the iconic Polo jacket. For a second there I thought this was going to be a freestyle over RATKING’s track of the same name, but it’s an original production by P On the Boards. Previously: Remy Banks – 7th heaven. (interlude) (Video)
If you have been on Wikipedia in the past few days, you must have noticed an appeal from co-founder Jimmy Wales. It comes up every December, like clockwork. The world’s largest publicly-edited encyclopaedia needs donations, from you, to keep running. Show More Summary
WHAT could be better than an economy converging rapidly on full employment? A central bank in no mood to get in the way. That is the happy combination America now enjoys, and it explains the stock market's euphoric reaction to today's meeting of the Federal Reserve. Show More Summary
Co-authored with Jolie Schwarz, Legislative Affairs Fellow at Bank Information Center The FY 2015 Omnibus Appropriations Bill expected to be signed by President Obama this week sends a clear message to the World Bank that its safeguard...Show More Summary
Russia’s economy is likely already in recession with the ruble tumbling to new lows. But the country’s pain is just starting, says one of the world's largest banking groups.
``Multi-billion dollar lending to Ukraine by the International Monetary Fund (IMF) and World Bank has stopped amid growing doubts among country board directors at the two international organizations that the Ukrainian Government canShow More Summary
It's been a wild few days for global financial markets. The ruble collapsed, Russia's central bank raised rates, oil was all over the place, all while equity markets, bond markets, and currency markets around the world were seasawing...Show More Summary
Co-authored with Vrinda Manglik, Associate Campaign Representative, International Clean Energy Access The World Bank is failing to invest enough resources in clean energy access -- but Bank President Dr. Jim Yong Kim now has the opportunity...Show More Summary
IN THE world of central banking, slow and steady is the aim. So when a central bank raises interest rates by a massive 6.5 percentage points, and imposes the hike at midnight —as Russia's did on December 15th—it is a sign that something is going very wrong. Show More Summary
Yves here. While the financial media is riveted with the spectacle of the ruble meltdown and the Russian government rate hike to 17%, and the investor rush out of all things emerging markets, another drama is playing out in Ukraine.Show More Summary
Submitted by Bill Bonner via Dollar Collapse blog, Pretend, for a minute, that you’re a money manager in today’s manipulated world. You understand that most of what’s happening is the result of governments and central banks forcing down interest rates and pumping up asset prices. Show More Summary
Two years ago this month, Greg Long, one of the world’s best big-wave surfers, wiped out after paddling into a fifty-foot wave at a spot known as Cortes Bank, about a hundred miles off the coast of Southern California. Underwater, amid the chaos, it’s hard to know which way is up. Show More Summary
The central bank says the move to raise rates from 10.5 percent is aimed at limiting the ruble's slide and curbing inflation. The ruble is the world's worst-performing major currency this year.