Adding a reformer to the board of the world's largest bank might lead to significant changes in how it does business, an economist writes.
While the eyes of the world were focused on the now infamous "Credit Equals Gold #1" Chinese wealth management product - it's imminent default and last-minute bailout by 'investors' unknown - the coal industry in China continued to collapse (as we noted here). Show More Summary
The U.S. is home to some of the biggest banks in the world yet French and Chinese banks make up much of the top 10.
The Bank of England has struggled in recent years to successfully forecast developments in the British economy. To be fair to the Old Lady of Threadneedle Street, she hasn’t done worse in recent times than any of the other world's central banks.
In a surprising, and to the ECB very disappointing decisions, we reported last week that the German Constitutional Court (GCC) stunned the world when it announced, in a nutshell, that the "ECB's Outright Monetary Transactions program...Show More Summary
Attention goldbugs. Either the bullion banks hold now all physical gold of the world (plus a little more) or there is something very fishy going on at the Chicago Mercantile Exchange (CME).Take a look at this table where the combined...Show More Summary
The Inga 3 Dam on the Congo River, which has incited the dreams of dam builders and investors for three decades, was finally scheduled to receive its first grant from the World Bank on February 10. Last week the Bank added another twist to the Inga saga and withdrew the project from its board calendar. Show More Summary
Is it possible to vaccinate against poverty? According to the World Bank, an estimated 2.4 billion people live on less than $2 per day, while 1.2 billion live on less than $1.25 per day -- a group often referred to as "the bottom billion". Show More Summary
There is an elephant in the room. The elephant’s name is Sustainable Growth. According to the World Bank, we expect global economic growth of 3.3% to 2015; 3.0% from the US and 7.9% from China, a region that uses three times more natural resources than the rest of the world to create each unit of […]
Job losses announced as Barclays reveals disappointing pre-tax profits of £5.2bn in 2013 One-Minute Read LAST UPDATED AT 11:41 ON Tue 11 Feb 2014 See related: A world without banks: why Barclays and co should be afraid BARCLAYS has announced...Show More Summary
Tech companies are trusted more than banks – so why shouldn’t Apple or Google manage your digital wallet? Column Edie Lush LAST UPDATED AT 10:15 ON Tue 11 Feb 2014 ALONG with Barclays’ profits figures comes news that the bank will have to cut between 10,000 and 12,000 jobs this year, of which 7,000 will be in the UK. Show More Summary
Lin Yifu is the former Chief Economist and Senior Vice President of the World Bank. This article was translated from the Chinese original published in the journal Guancha (www.guancha.cn). BEIJING -- The Third Plenum of the Chinese Communist Party's 18th Congress took place in November 2013 amid widespread calls for drastic economic reforms. Show More Summary
Fischer is probably the best central banker in the world; it would be completely insane for the Senate to block him. Especially given that he brings some of the actual banking experience that the Fed so desperately needs.
The solar array would be larger than Manhattan and cost $4.4 billion. India is hitting up the World Bank for a great big loan to get it started.
By John M. Mason: Cash assets in the United States banking system rose by $874 billion in the past 52 weeks. This according to the Federal Reserve release H.8, Assets and Liabilities of Commercial Banks in the United States. Reserve balances at Federal Reserve Banks increased by $881 billion last 52 weeks. Show More Summary
Israeli forces open fire on protests across West Bank, injuring dozens RAMALLAH (Ma’an) — Dozens of Palestinians were injured on Friday as protesters clashed with Israeli military forces in villages across the West Bank. Demonstrations against the Israeli occupation took place in Kafr Qaddum, Beit Ummar, al-Jalazun, and Silwad on Friday afternoon. Israeli forces [...]
The junk mail world is off to a rough start in 2014. Just weeks after a man in Chicago received an upsetting OfficeMax mailing to “Mike Seay Daughter Killed In Car Crash,” a California-based writer got a Bank of America credit card offer from the Golden Key Honor Society for “Lisa Is A Slut McIntire.” [...]
It is still possible to join the World Bank’s first Massive Open Online Course (MOOC) on climate change (launched on 27 January 2014). This course presents recent scientific evidence as well as some of the opportunities for urgent action on climate change. It also covers the latest knowledge and information based oncutting-edge research. It includes […]
04-14 Mar Women in Film and Television (WIFT) present the 20th annual WOW Film Festival, with Rachel Griffiths (recently appearing in Disney's Saving Mr Banks)...
WASHINGTON (Reuters) - The Export-Import Bank of the United States said it launched operations in Myanmar on Thursday, a move to support U.S. exporters against competitors and help reintegrate the country into the world economy.