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
Posts Tagged ‘Bank’
Lack of jobs among youth a recipe for wars: World Bank
April 10th, 2011
davidguide 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’
April 8th, 2011
davidguide 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
March 24th, 2011
davidguide 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
March 18th, 2011
davidguide 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
March 17th, 2011
davidguide 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
March 15th, 2011
davidguide 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
March 15th, 2011
davidguide 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?
March 11th, 2011
davidguide 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
February 19th, 2011
davidguide 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
Posted in
Tags: