Posts Tagged ‘Bank’

World Bank urges new thinking to tackle conflicts, violence

WASHINGTON (Reuters) – A new World Bank report, challenging a view long embraced by global institutions, says high economic growth alone cannot reduce the poverty and unemployment that breed … View full post on All Stories

Lack of jobs among youth a recipe for wars: World Bank

The World Bank has asked African governments to urgently tackle youth unemployment and inequality among different population groups to avoid losing economic gains. View full post on All Stories

Bank review ‘will push up cost of borrowing’

House buyers to find it more expensive to borrow money under government plans to allow financial institutions to fail. View full post on All Stories

World Bank: China can grow at 8% for 20 years

World Bank Chief Economist Justin Lin says China will be able to maintain is magic growth number of 8 percent over the next two decades and may eventually be double the size of the U.S. economy: The nation can continue to exploit a “latecomer” advantage by borrowing the technologies and industries of advanced countries at [...]

CSS Industries, Inc. Announces New Revolving Credit Facility

PHILADELPHIA–(BUSINESS WIRE)–CSS Industries, Inc. (NYSE:CSS) announced today a new five-year revolving credit facility with Wells Fargo Bank, National Association (“Wells Fargo”) and Citizens Bank of Pennsylvania (“Citizens Bank”). Borrowing availability under the new revolving credit facility fluctuates from a low of $50,000,000 during times when the Company historically has had little or no debt outstanding [...]

Gaza after the revolution

For the U.S. government and media, the Israeli-Palestinian conflict has been treated as a stepchild of sorts to the revolutionary events sweeping the Middle East. This was clarified to me recently by a prominent American journalist who confided he was unable to report on Israel/Palestine because “they’re just too far from the news right now.” [...]

Philippine Central Bank forecasts lower remittances due to Middle East, Japan events

Vittorio Hernandez – AHN News Manila, Metro Manila, Philippines (AHN) – The Philippine Central Bank said Monday it may reduce remittance forecasts for 2011 because of the political developments in the Middle East and the natural calamity in Japan that would impact the ability of overseas Filipino workers to send money home. Prior to these [...]

RBA Saw Rates Appropriate as Slower Credit Offsets Mining

The Reserve Bank of Australia viewed slower borrowing by households and businesses offsetting a mining investment boom when deciding to keep interest rates unchanged two weeks ago, minutes of its March 1 meeting showed. View full post on All Stories

Does cash for work – work?

IRIN Staff – IRIN IRIN Staff COLOMBO, Sri Lanka (IRIN) – As the Sri Lankan government launches a cash-for-work program in areas hit by recent flooding, following similar schemes in the former conflict areas in the north, experts warn of potential pitfalls of such schemes. The new program will be operating in 12 northern and [...]

ECB steps in to cut Portuguese bond cost

THE European Central Bank (ECB) was back in the bond market last night, buying Portuguese government debt in an effort to cut the country’s cost of borrowing and prevent another eurozone rescue. View full post on All Stories

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