World Bank

World Stocks Drop On US Economy Fears

Wed, 19 Nov 2008 19:03:27 GMT

World stock markets fell Wednesday amid concerns about the global economy after further grim U.S. economic news and as the Big Three Detroit-based automakers pleaded to be bailed out by Congress.

Bail out the poor nations - Salil Shetty

Wed, 19 Nov 2008 19:08:26 GMT

Last week, the IMF adjusted growth forecasts downwards, predicting that poorer countries will see big losses in GDP over the next two years as a result of the global financial meltdown.

Canada's central bank says economy worsening

Wed, 19 Nov 2008 18:59:20 GMT

TORONTO : The Canadian economy is deteriorating faster than projected and short-term interest rates may need to be cut again in an effort to boost activity, Bank of Canada governor Mark Carney said Wednesday.

Infrastructure financing can boost sukuk mart

Wed, 19 Nov 2008 19:30:24 GMT

MALAYSIA'S sukuk market stands to grow from financing needs required by local off-budget transactions, says Aseambankers chief executive officer Mohammed Rashdan Mohd Yusof.

Jewish Republican representative elected to top deputy spot in Congress

Wed, 19 Nov 2008 19:36:05 GMT

Eric Cantor, A Jewish congressman from Virginia who was once thought to be a possible vice presidential pick for Arizona Senator John McCain's campaign , was elected on Wednesday as a House minority whip.

Govt urged to reduce foreign aid dependence

Wed, 19 Nov 2008 19:39:20 GMT

Staff Reporter Speakers at a seminar yesterday requested the government not to tow the line of the World Bank and Asian Development Bank.

Promoting Filipino inventions

Wed, 19 Nov 2008 18:55:40 GMT

Just two decades ago, Filipino inventors lorded it over at the United Nations' World Intellectual Property Office as the most prodigious in recognized and patented output.

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Thu, 20 Nov 2008 06:46:28 GMT

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Historic guns surrendered in amnesty

Wed, 19 Nov 2008 19:42:17 GMT

TWO 19th century pistols and a World War II anti-tank rifle are among thousands of weapons surrendered to Victorian police in a month-long amnesty.

Global recession woes keep US copper down - Reuters

Tue, 18 Nov 2008 15:26:00 GMT

NEW YORK, Nov 18 (Reuters) - U.S. copper futures drifted lower at the open on Tuesday as demand concerns and fears about an extended global recession kept the industrial metal pinned down near the bottom of its range. For the latest detailed report ...

Carney says Canadian economy getting worse, hints at further rate cuts

Wed, 19 Nov 2008 18:52:21 GMT

The Canadian economy is deteriorating faster than previously thought and will require further stimulus, says Bank of Canada governor Mark Carney.

Minco Silver Wins Prospector/Explorer of the Year Award at China ... - Market Wire

Tue, 18 Nov 2008 18:18:00 GMT

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 18, 2008) - Minco Silver Corporation (the "Company" or "Minco Silver") (TSX:MSV) is pleased to announce that it has received the Prospector / Explorer of the Year Award at the 2008 China Mining Awards ...

TSX losers and winners since the June peak - Globe and Mail

Tue, 18 Nov 2008 18:32:00 GMT

As the global financial crisis deepens, Report on Business writers examine and explain the turmoil in credit and stock markets. Here, we answer your questions daily, with the most recent at the top. What is the worst-performing stock on the S&P/TSX ...

Chrysler, ZF unveil deal on Michigan axle plant - Reuters

Tue, 18 Nov 2008 18:39:00 GMT

MARYSVILLE, Mich., Nov 18 (Reuters) - Chrysler LLC and ZF Friedrichshafen announced a deal on Tuesday whereby the German auto supplier will operate the No. 3 U.S. automaker's axle plant here in this eastern Michigan town. Under the terms of the deal ...

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Thu, 20 Nov 2008 06:46:28 GMT

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Brazil's Lula urges G20 to follow up reform pledge - Reuters

Tue, 18 Nov 2008 19:01:00 GMT

BRASILIA, Nov 18 (Reuters) - Brazilian President Luiz Inacio Lula da Silva urged the Group of 20 leading economies on Tuesday to follow through on pledges to make international financial institutions more democratic. Last weekend's summit of G20 ...

A look at economic developments around the world - Forbes

Tue, 18 Nov 2008 19:22:00 GMT

TOKYO - Tokyo's Nikkei 225 stock average fell 194.17 points, or 2.3 percent to 8,328.41, a day after confirmation that Japan, the world's second largest economy, had slipped into a recession. Mitsubishi UFJ Financial Group Inc., Japan's largest bank ...

Detroit Bailout Debated by Congress - Nuwireinvestor.com

Wed, 19 Nov 2008 16:50:00 GMT

The U.S. auto industry is struggling, and Detroit's Big Three automakers?General Motors, Ford and Chrysler?want Congress to help the industry by giving them some of the money from the $700 billion financial bailout. For more on this, read the ...

World stocks tumble on US deflation fears

Wed, 19 Nov 2008 18:44:31 GMT

World stock markets slumped Wednesday amid concerns about sinking consumer prices in the U.S. and the shaky future of the Big Three Detroit-based automakers.

Russia spent $58bn supporting the rouble - Times Online

Wed, 19 Nov 2008 18:09:00 GMT

Russia's Central Bank disclosed the scale of its efforts to defend the rouble today, admitting that it had spent $57.5 billion in two months to prop up the currency. The Kremlin insisted that there would be no devaluation despite the Bank's decision ...

Pakistan Overseas Loans Down By $613 Million To $43.854 Billion At Sep ... - Pakistan News Service

Wed, 19 Nov 2008 18:52:00 GMT

KARACHI: Pakistan?s overseas loans in the first three months of the current fiscal year declined by $613 million to $43.854 billion as it repaid the principal and interest on some of its borrowings, the State Bank of Pakistan said Wednesday. The ...

Govt urged to reduce foreign aid dependence - New Nation

Wed, 19 Nov 2008 18:59:00 GMT

Speakers at a seminar yesterday requested the government not to tow the line of the World Bank and Asian Development Bank. They also urged the politicians and bureaucrats to come out from the dependency on foreign aid, and give importance to the ...

Annika's watershed moments

Wed, 19 Nov 2008 18:41:38 GMT

I have been on hand for 33 victories by Annika Sorenstam , which ties me with Beth Daniel for 15th place on the tour's all-time victory list.

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Thu, 20 Nov 2008 06:46:28 GMT

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Crisis deemed worst since World War Two - International Herald Tribune

Wed, 19 Nov 2008 19:07:00 GMT

Data released on Wednesday showed U.S. prices dropped at a record pace in October, and dimming prospects for an American auto bailout roiled stock markets as global economies wrestled with what the European Central Bank chief termed the globe's worst ...

World Is 40 Percent Prepared for Pandemic, U.N. Official Says - Newsblaze.com

Wed, 19 Nov 2008 19:07:00 GMT

The world is about 40 percent prepared to grapple with the social, economic and political impacts of an influenza pandemic, according to a U.N. official involved in the international effort. The estimate is based on an analysis in the Fourth Global ...

The Phillies Zone: The Vote

Wed, 19 Nov 2008 18:34:08 GMT

The 2008 World Series DVD is available Nov. 25. Read more about it below. He makes some valid points, saying "there's more to the vote than just homers, RBIs and the Phillies' division title." He points to ...

Bank of America, the U.S. Small Business Administration and the - MSN MoneyCentral

Wed, 19 Nov 2008 19:07:00 GMT

NEW YORK , Nov. 19 /PRNewswire/ -- Bank of America, the U.S. Small Business Administration (SBA) and the not-for-profit, Initiative for a Competitive Inner City (ICIC) joined together to advance inner city small business growth today by hosting Inner ...

World Bank chief: Better ties with Russia a must - International Herald Tribune

Wed, 19 Nov 2008 19:21:00 GMT

BERLIN, : Russia's ties with the United States and the European Union must be improved to ensure stability, World Bank President Robert Zoellick said Wednesday. Zoellick said it is widely recognized that weak states export trouble ? including ...

IFC to help to promote credit bureaus in Uzbekistan

Wed, 19 Nov 2008 18:33:39 GMT

International Finance Corporation, a member of the World Bank Group and Central Bank of Uzbekistan conducted the first workshop in Uzbekistan on perspectives of development of credit bureaus in Uzbekistan.