Mukherjee meets World Bank President
December 2nd, 2009 - 6:29 pm ICT by ANI
New Delhi, Dec 2 (ANI): World Bank President Robert B. Zoellick today met Finance Minister Pranab Mukherjee to discuss a wide range of issues following the financial crisis.The Finance Minister applauded ... Read more...
Posted in Business |
Yuan as new global currency? It can bode well for India (Comment)
November 15th, 2009 - 2:56 pm ICT by IANS
By Sushma Ramachandran
The fact that World Bank President Robert Zoellick has said that China's yuan may become the global reserve currency over the next 15 years assumes significance not just for the ... Read more...
Posted in Business |
China’s yuan can be alternative reserve currency in 15 years
November 12th, 2009 - 6:56 am ICT by IANS
Singapore, Nov 12 (IANS) World Bank President Robert Zoellick has said in 15 years the Chinese yuan can become an alternative to US dollar as a global reserve currency, with China's fast ... Read more...
Posted in Business |
World Bank president sees risks for global economy in 2010
November 11th, 2009 - 3:04 pm ICT by IANS
Singapore, Nov 11 (DPA) World Bank president Robert Zoellick Wednesday said he was comfortable about the prospects for the world economy in 2009, but advised governments not to remove their stimulus packages ... Read more...
Posted in Business |
World Bank president praises Asia’s attitude in global crisis
November 10th, 2009 - 2:50 pm ICT by IANS
Singapore, Nov 10 (DPA) World Bank President Robert Zoellick Tuesday praised Asia's positive attitude in overcoming the global recession, saying that one critical outcome of the crisis was how Asia and ... Read more...
Posted in Business |
World Bank releases report on development, climate change
October 11th, 2009 - 11:14 pm ICT by IANS
Abu Dhabi, Oct 11 (IANS) The developing countries can shift to a low-carbon path while promoting development, but this depends on financial and technical aid from developed nations, the World Bank said ... Read more...
Posted in Environment |
Developing countries need money to weather 2010: World Bank chief
October 2nd, 2009 - 3:29 pm ICT by IANS
Istanbul, Oct 2 (DPA) Developing nations will need outside support to help them boost domestic demand as the world begins an uncertain recovery from a devastating economic crisis, World Bank President Robert ... Read more...
Posted in Business |
G20 summit opens: Developing world ‘holds key’ (Lead)
September 25th, 2009 - 1:57 pm ICT by IANS
By Arvind Padmanabhan
Pittsburgh, Sep 25 (IANS) A two-day summit of leaders of 20 leading global economies opened here amid calls by developing countries such as India to have a key role ... Read more...
Posted in Business |
India has a ‘lot at stake’ at G20 summit
September 25th, 2009 - 1:18 pm ICT by IANS
By Arvind Padmanabhan
Pittsburgh (Pennsylvania), Sep 25 (IANS) A two-day summit of leaders of 20 leading global economies opened here amid calls by developing countries such as India to have a key ... Read more...
Posted in Business |
G20 leaders set for summit on financial crisis, regulation
September 25th, 2009 - 12:55 am ICT by IANS
By Arvind Padmanabhan
Pittsburgh, Sep 24 (IANS) As G20 leaders converged here for their third summit, a major consensus that has emerged is economies like India have a key role to play ... Read more...
Posted in Business |
World Bank says action against climate change must start ‘now’
September 16th, 2009 - 3:32 pm ICT by ANI
London, September 16 (ANI): The World Bank has determined that climate change will be a serious barrier to growth in poorer nations and must be curbed now.According to a report by BBC ... Read more...
Posted in Health Science |
Climate change may reduce South Asia GDP 4-5 percent: World Bank
September 16th, 2009 - 12:50 pm ICT by IANS
By Joydeep Gupta
New Delhi, Sep 16 (IANS) A global warming of two degrees Celsius -- the minimum the world is likely to experience -- could result in permanent GDP reductions of four-five ... Read more...
Posted in Business |
India seeks World Bank’s partnership to develop highways
September 12th, 2009 - 10:06 pm ICT by ANI
Washington, Sep.12 (ANI): Union Minister for Road Transport and Highways Kamal Nath has sought World Bank's partnership for the development of highways in the country.The Minister met the World Bank President, ... Read more...
Posted in World |
World Bank spending at record levels during global crisis
July 2nd, 2009 - 5:16 am ICT by IANS
Washington, July 2 (DPA) The World Bank Wednesday said it spent a record $58.8 billion on loans, grants, guarantees and social projects over the last year to help poor countries steer through ... Read more...
Posted in Business |
CII to discuss bilateral trade with US officials
June 16th, 2009 - 2:36 pm ICT by IANS
New Delhi, June 16 (IANS) A delegation of Indian chief executives, headed by Confederation of Indian Industry (CII) president Venu Srinivasan, will visit the US this week to build on bilateral economic ... Read more...
Posted in Business |
World Bank fears sharper contraction, IMF predicts faster recovery
June 12th, 2009 - 12:32 pm ICT by IANS
By Arun Kumar
Washington, June 12 (IANS) The World Bank estimates the global economy will contract in 2009 by "close to three percent", a far bleaker assessment than its March estimate of a ... Read more...
Posted in Business |
China’s growth will help recover world economy, says World Bank
June 9th, 2009 - 5:30 am ICT by IANS
Montreal, June 9 (Xinhua) World Bank President Robert Zoellick said Monday the Chinese economy is likely to make a strong comeback which will help pull the world economy out of recession.
Zoellick ... Read more...
Posted in Business |
Indian biz leaders build bridges with Obama team
March 19th, 2009 - 8:35 pm ICT by IANS
By Arun Kumar
Washington, March 19 (IANS) A group of Indian business leaders is in town to build bridges with the new Barack Obama administration and outline the opportunities as also the ... Read more...
Posted in Business |
World Bank warns of rising protectionism amid global recession
March 18th, 2009 - 7:28 am ICT by IANS
Washington, March 18 (DPA) The World Bank warned Tuesday that protectionism has been on the rise across the globe since the financial crisis plunged the world into recession, despite government promises to ... Read more...
Posted in Business |
Emerging economies will need bailout: IMF chief
February 19th, 2009 - 9:18 pm ICT by IANS
London, Feb 19 (IANS) The head of the International Monetary Fund (IMF) has warned that at least two more countries - emerging economies - will need to be rescued financially in the ... Read more...
Posted in Uncategorized |
Gordon Brown calls for ‘global grand bargain’
February 18th, 2009 - 11:50 pm ICT by IANS
London, Feb 18 (IANS) British Prime Minister Gordon Brown Wednesday hoped world leaders gathering at the April 2 G-20 summit in London will strike a global "grand bargain" to rescue the international ... Read more...
Posted in Business |
World Bank urges Obama to help fight global poverty
January 24th, 2009 - 1:14 am ICT by IANS
Washington, Jan 23 (Xinhua) World Bank President Robert Zoellick has urged US President Barack Obama to do more to help fight global poverty, The New York Times reported Friday. Zoellick said fighting ... Read more...
Posted in Business |
Consult India, China for solution to financial crisis: Merkel
November 21st, 2008 - 9:25 am ICT by IANS
Frankfurt, Nov 21 (DPA) Emerging economies such as India and China must be consulted in forging a solution to the world economic crisis, German Chancellor Angela Merkel said Thursday.Speaking at the same ... Read more...
Posted in World |
US hopes G20 summit will agree on action plan
November 13th, 2008 - 11:25 am ICT by IANS
Washington, Nov 13 (IANS) As the US prepared to receive Group of Twenty (G20) leaders, including Indian Prime Minister Manmohan Singh, it expressed the hope their weekend summit would evolve common principles ... Read more...
Posted in World |
G20 summit may launch process to deal with financial crisis (Lead)
November 12th, 2008 - 8:20 pm ICT by IANS
Washington, Nov 12 (IANS) The weekend summit here of the Group of Twenty (G20) leaders, that includes Prime Minister Manmohan Singh, may witness the launch of a process, including formulation of a ... Read more...
Posted in Uncategorized |
G20 summit may launch process to resolve financial crisis
November 12th, 2008 - 2:17 pm ICT by IANS
Washington, Nov 12 (IANS) The weekend summit of the Group of Twenty (G20) leaders here may be more like the launch of a process rather than finding a final solution to deal ... Read more...
Posted in Uncategorized |
IMF chief calls for coordinated action to tackle financial crisis
November 10th, 2008 - 10:57 pm ICT by IANS
Washington, Nov 10 (IANS) IMF Managing Director Dominique Strauss-Kahn has urged the Group of Twenty (G-20) leaders to deal with the immediate fallout from the financial crisis through coordinated policy responses and ... Read more...
Posted in Uncategorized |
IMF speeds emergency loans for cash-strapped governments
October 30th, 2008 - 8:39 am ICT by IANS
Washington, Oct 30 (DPA) The International Monetary Fund (IMF) Wednesday approved a new programme to provide emergency loans to countries facing serious cash shortages in the wake of the ongoing financial crisis.Countries ... Read more...
Posted in World |
World leaders for larger grouping to tackle economic crisis
October 20th, 2008 - 1:57 pm ICT by IANS
Washington, Oct 20 (Xinhua) World leaders have called for a new global financial architecture to tackle the current financial crisis, the most serious since the Great Depression of the 1930s. "The G7 ... Read more...
Posted in World |
What warming? Climate change slips down global priorities
October 14th, 2008 - 9:13 am ICT by IANS
Washington, Oct 14 (DPA) You might call it the fourth crisis. While collapsing financial institutions plunge wealthy nations into recession and developing countries grapple with surging food and energy costs, the once ... Read more...
Posted in Uncategorized |
Poor countries face ’serious’ damage from financial crisis: IMF
October 13th, 2008 - 7:32 am ICT by IANS
Washington, Oct 13 (DPA) Developing countries could face the most serious damage from a prolonged global credit crisis as they have fewer resources to prevent their own banks from collapsing, the World ... Read more...
Posted in World |
Indias Satyam Computers and China at the heart of World Bank cyber siege
October 11th, 2008 - 1:05 pm ICT by ANI
New York, Oct.11 (ANI): Indian software major Satyam Computer Services has reportedly been banned from doing any off-shore work with the World Bank after forensic experts and bank investigators discovered that ... Read more...
Posted in National |
Market crisis hits poor as well
October 11th, 2008 - 9:28 am ICT by IANS
Washington, Oct 11 (DPA) As the world's richest nations debate how to bring a catastrophic financial crisis under control, international groups are warning that its reach now goes far beyond the developed ... Read more...
Posted in Uncategorized |
US is open to expanding G7, Paulson says
October 11th, 2008 - 8:46 am ICT by IANS
Washington, Oct 11 (DPA) The US is open to letting more countries into the select group of top world economies known as the Group of Seven (G7), Treasury Secretary Henry Paulson has ... Read more...
Posted in Business |
Central banks slash rates, market still unhappy
October 9th, 2008 - 12:55 pm ICT by IANS
Washington/Frankfurt, Oct 9 (DPA) A joint effort by the world's central banks to slash interest rates has been hailed as a new level of international cooperation, but failed to quell market jitters ... Read more...
Posted in Business |