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World Bank shareholders endorse capital increase plan

TheWorldBanksaidonSaturdaythatitsshareholdersendorsedacapitalincreasepackage,aseriesofinternalreforms,andasetofpolicymeasurestostrengthentheinternationallender'

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Pound's strong run continues with push above $1.43

Thepoundhascontinueditsrecentstrongrunagainstthedollarpushingfirmlyabove$1.43.ItistheseventhsessioninarowthatthepoundhasmadegainsagainsttheUScurrency.Thestrongr

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British Pound's strong run continues with push above $1.43

Britishpoundhascontinueditsrecentstrongrunagainstthedollarpushingfirmlyabove$1.43.ItistheseventhsessioninarowthatBritishpoundhasmadegainsagainsttheUScurrency.Th

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World Bank set to concede to US lending concerns in new funding deal

TheUSissettoconfirmitssupportfora13-billion-US-dollarcashinjectionintotheWorldBank,inreturnforchangestothewaythebankhandsoutloans,meaningcountrieslikeChinacould

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World Bank sees strong growth for East Asia and Pacific

ByAPDwriterMeloM.AcunaMANILA,April13(APD)–WorldBankeconomistsseegrowthinEastAsiaandPacifictoremainstrongandreach6.3percentin2018.ThiswasthegistofWorldBank’secon

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China moves to guide development of outbound investment funds

China'sstateeconomicplannerreleasedadocumentWednesdaytoguidethedevelopmentofoutboundinvestmentandfinancingfunds,eyeingmorecapitalfortheBeltandRoadInitiativeandb

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New Deutsche Bank boss says tough decisions lie ahead

FILE-InthisMay19,2016filephotothenHeadofPrivateandBusinessClients,ChristianSewing,attendsanannualnewsconferenceofDeutscheBankinFrankfurt,Germany.Germanmediaarer

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Christian Sewing to become new CEO of Deutsche Bank: Spiegel

ChristianSewing,currentlyco-deputychiefexecutiveofficerofDeutscheBank(DBKGn.DE),istobecomethenewCEOofGermany’sbiggestlender,replacingJohnCryan,DerSpiegelreporte

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Malaysian central bank says foiled attempted cyber-heist

Malaysia’scentralbanksaidonThursdayithadfoiledacyberattackinwhichfraudulentmessagestotransferfundsweresentontheSWIFTtransactionsplatform,thelatestinaseriesofele

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Bank of China opens branch in Sri Lanka

ByAPDwriterEaswaranRutnamCOLOMBO,March29(APD)--SriLankasaidthattheopeningoftheBankofChinainSriLankawillbeimportantforinvestmentsandalsoSriLanka'seconomy.PrimeMi

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World Bank: India’s growth rate will rise soon

ByAPDwriterRishikaChauhanNEWDELHI,Mar.15(APD)-WorldBank’slatestbiannualIndiaDevelopmentUpdatereleasedonWednesday,highlightsthatIndia’sgrowthratewillrisesoon,how

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Bank of China authorized to operate in Chile

ChileanbankingregulatorSBIFonTuesdaysaidithadauthorizedBankofChinaLimited,oneofChina’slargestbanks,tooperateinthecountry,afurthersignofdeepeningeconomictiesbetw

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Palestinian man killed in clashes with Israeli soldiers in West Bank

APalestinianyoungmandiedofhiswoundssufferedduringclasheswithIsraelisoldiersonFridayafternoonintheWestBank,localmedicssaid.ThePalestinianRedCrescentSocietysaidin

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Top Indian private banks under scanner in bank fraud probe

India'sbiggest-everbankfraudof1.8billionU.S.dollarsisgettingmurkierwitheachpassingday.Afterthestate-ownedPunjabNationalBank,whichistheepicentreofthefraud,twooft

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India orders closure of 35 foreign branches of state-owned banks

India'sFinanceMinistryThursdayorderedtheclosureof35branchesofstate-ownedbanksinforeigncountries,daysafterthecountry'sbiggest-everbankfraudof1.8billionU.S.dollar

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India: Punjab National Bank says scam may cost bank nearly $2 billion

PunjabNationalBank(PNB)saidtheamountoffraudulenttransactionsinvolvingthebankcouldgoupbyabout$204millioninadditiontothe$1.77billionithadearlierreported,sendingsh

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Latvian bank ABLV likely to be liquidated: regulator

Latvia'stroubledABLVBank,whichUSauthoritiesaccusedofinvolvementinmoneylaunderingschemesandbribery,islikelytobeliquidatedastheEuropeanCentralBankhasdeterminedtha