The World Bank said Tuesday that it has committed 52.6 billion U.S. dollars in loans, grants, equity investments, and guarantees to support developing countries in fiscal year 2013 which ended on June 30.
China's central bank announced Sunday that it has signed an agreement to establish a currency swap line with the Bank of England (BOE) to boost bilateral trade and financial stability.
Fragile calm in the West Bank could end if relevant parties do not get beyond managing conflict triggers to address root issues, an international report warned Wednesday.
The World Bank announced Wednesday a new initiative to improve the investment environment and competitiveness, and to share prosperity among Latin American and Caribbean countries.
Cyprus President Nicos Anastasiades on Tuesday withdrew the appointment of the deputy Central Bank governor, shortly after lawmakers complained that the Central Bank had failed to provide complete data about people who had transferred money out of the eastern Mediterranean island before a haircut on major bank deposits.
The state finances of Cyprus have reached a borderline situation and the government may have difficulty in paying the salaries of its employees at the end of April, the island's Finance Minister Haris Georgiades said on Monday.
The state finances of Cyprus have reached a borderline situation and the government may have difficulty in paying the salaries of its employees at the end of April, the island's Finance Minister Haris Georgiades said on Monday.
Cyprus' largest lender, Bank of Cyprus, said on Monday it has completed its recapitalization by converting depositors' money into equity, under a Eurogroup deal on a bailout for Cyprus.
The World Bank on Tuesday welcomed the move taken by the BRICS countries to establish a development bank, vowing to work closely with the new lender to end poverty and build shared prosperity throughout the developing world.
Axel van Trotsenburg has been appointed the World Bank's new Vice President for East Asia and the Pacific by World Bank Group President Jim Yong Kim, effective on Feb. 1, the Washington-based agency said on Thursday.
The Agricultural Bank of China has got the regulatory nod to purchase a 51-percent stake in Jiahe Life Insurance Co. for 2.59 billion yuan (411.11 million U.S. dollars).
简体中文
