International Economy

New World Bank strategy to focus on ‘what works’

A joint World Bank-International Monetary Fund forum has approved a new World Bank Group Strategy to shift from a focus…

10 years ago

World Bank warns US of ‘dangerous moment’ ahead

As talks broke down between President Barack Obama and House Republicans on ending a standoff over federal shutdown and debt…

10 years ago

IMF asks rich nations to tight monetary policy carefully

Echoing India's stand International Monetary Fund's steering panel on Saturday asked rich nations to avoid hurting emerging markets with "well…

10 years ago

No deal yet on US shutdown, but talks on

President Barack Obama and his Democrats and opposition Republicans have yet to reach a deal on how to end the…

10 years ago

Global economy hyperconnected, faces new risks: IMF

The International Monetary Fund (IMF) has said the global economy is "hyperconnected" and undergoing big changes, and that policy makers…

10 years ago

World Bank Group announces reforms to meet goals

World Bank Group (WBG) on Friday revealed a set of reforms to make its staff, finances and priorities better serve…

10 years ago

World Bank sets poverty reduction targets

In efforts to end extreme poverty worldwide, the World Bank has set an interim target to reduce global poverty to…

10 years ago

IMF warns major transitions in global finance

The global financial system faces major transitions accompanied by substantial risks, the International Monetary Fund (IMF) said on Thursday.

10 years ago

Australian unemployment rate falls to 5.6 percent

The Australian unemployment rate dropped to a four-month low of 5.6 percent in September, according to official figures released on…

10 years ago

South Asia needs more reforms after India’s slowdown: World Bank

With India's slowdown having significant spillover effects to the rest of South Asia, the World Bank wants governments to work…

10 years ago

No ‘clean’ bill on raising debt limit: US House Speaker

US Republican House Speaker John Boehner said on Sunday that the lower chamber would not pass bills to end government…

10 years ago

US House approves back pay for furloughed workers

US Republican-controlled House of Representatives on Saturday unanimously approved a bill to pay back about 800,000 furloughed government workers once…

10 years ago

US, EU trade talks cancelled due to shutdown

The second round of negotiations in the Transatlantic Trade and Investment Partnership (TTIP) was cancelled due to the US federal…

10 years ago

Global credit growth to pick up: Fitch

Global real lending activities will recover this year, led by the pick-up in developed countries, Fitch Ratings said on Friday…

10 years ago

Amid shutdown stalemate, hope over debt limit

As US President Barack Obama launched a blistering attack on Republicans for their "reckless" refusal to pass a "clean" spending…

10 years ago

Default would be worse than shutdown, warns Obama

As the US government shutdown continued for the third day, President Barack Obama mounted a blistering attack on opposition Republicans,…

10 years ago

Obama warns of economic disaster as shutdown continues

As the US government shutdown entered third day on Thursday, President Barack Obama called on Republican House Speaker John Boehner…

10 years ago

US business concerns due to Indian economy’s slowdown: PM

US President Barack Obama has suggested a CEO's forum meets to discuss concerns relating to business between the two countries,…

10 years ago