European markets opened lower, following a mostly negative lead from Asia, as the oil price reversed its positive moves to trade in the red. The pan-European STOXX 600 was down 0.3 ... Read More
The Australian Securities and Investments Commission is talking to the Monetary Authority of Singapore about an agreement to ensure that regulation does not hinder the progress of fintech start-ups looking ... Read More
Despite hopes that lower oil prices will stabilise global growth, experience suggests otherwise. Growth was disappointing in 2015 even though the oil price had plunged in 2014. While developed-world ... Read More
Just months after the Paris Agreement at COP21, the World Bank today brought together over 30 developed and developing countries at the Carbon Pricing: Sustaining the Momentum after COP21 conference in ... Read More
A new World Bank report says that while the internet, mobile phones and other digital technologies are spreading rapidly throughout the developing world, the anticipated digital dividends of higher ... Read More
Weak growth among major emerging markets will weigh on global growth in 2016, but economic activity should still pick up modestly to a 2.9 percent pace, from 2.4 percent ... Read More
Egypt expects to receive $1.5 billion from the World Bank and African Development Bank by year-end to support the budget and could discuss potential IMF financing once parliament convenes, ... Read More
The World Bank Group hosted the regional launch of Doing Business 2016: Measuring Regulatory Quality and Efficiency in Central Asia. In this year’s report, Kazakhstan, the Kyrgyz Republic, Tajikistan ... Read More
The World Bank’s Doing Business 2016 report is just out — it’s the most authoritative source in the world for which countries are most friendly to entrepreneurs, and where’s ... Read More
“In today’s world where China has $4 trillion in foreign exchange reserves, $354 billion is not enough in case an exchange rate-related issue breaks out.” World Bank chief economist ... Read More
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