Written by The World Bank announced its passage on Sunday of what it calls a “historic” package of reforms at the end of key meetings of global finance leaders. The package includes a massive increase in capital for the institution, its first in 20 years, and an increase in voting rights of China and other developing and emerging nations. READ MORE »
Posts in category Banks
Japan’s recovery accelerating, central bank says
TOKYO — Japan received a brighter assessment of its economic future Friday, with a key central bank report highlighting an accelerating recovery and easing price declines. READ MORE »
WORLD FOREX: Euro Falls; Greece Worries Contrast With US Data
NEW YORK –The euro dropped against the dollar Monday, its decline speeding after strong U.S. economic data made a sharp contrast to worries about the administration of an unprecedented bailout plan for cash-strapped Greece. READ MORE »
US Stocks Plunge As Fears Over Europe Escalate
The U.S. stock market plunged on Tuesday as investors’ fears ramped up that Greece’s financial problems could spread beyond its borders. READ MORE »
FOREX-Euro tumbles to more than 1-yr low vs dollar
* Contagion fears send euro to 14-month low vs dollar
* Dollar index climbs, US private sector adds jobs
* Germany warns euro debt crisis must stop at Greece (Recasts, updates prices, adds U.S. data, comment, changes dateline, byline) READ MORE »