Oct 29, 2014

Japan 29th in business friendliness, World Bank says

Singapore has topped the World Bank’s rankings for business friendliness out of 189 countries and regions, while Japan ranks only 29th, two spots lower than the year before, the Washington-based organization said. The report, titled Doing Business 2015, measures business regulations that affect small ...

Oct 13, 2014

Ebola claims another victim: struggling African economies

After killing thousands in Africa and terrifying millions more, the Ebola virus is claiming a new victim: the economies of what are already some of the world’s poorest countries, experts say. “Our development agenda was interrupted by the Ebola outbreak which started in March ...

World ministers step up effort against Ebola

Oct 12, 2014

World ministers step up effort against Ebola

World financial leaders promised swift action against Ebola at the fall meeting of the IMF and World Bank on Saturday as countries across the world scrambled to stem the deadly outbreak, which U.N. officials warn is getting worse. Officials also pledged to act boldly ...

Global finance leaders pledge bold efforts for growth

Oct 12, 2014

Global finance leaders pledge bold efforts for growth

World financial leaders on Saturday promised “bold and ambitious” action to boost a global recovery that has shown recent disturbing signs of weakness. That pledge from the International Monetary Fund’s policy-setting committee came after a week of stomach-churning swings in the financial markets triggered ...

Oct 6, 2014

World Bank cuts developing East Asia forecast on China woes

The World Bank has lowered its forecasts for growth in developing East Asia this year and next, as China’s expansion slows down and policymakers brace for tighter global monetary conditions. The region is forecast to grow 6.9 percent in 2014 and 2015, down from ...

Sep 18, 2014

France to receive first Ebola patient

France on Wednesday prepared to receive its first Ebola patient, as the World Bank warned the spiralling epidemic is threatening economic catastrophe in West Africa. Doctors Without Borders, known by its French acronym MSF, said a female volunteer had contracted the killer virus while ...

Jul 29, 2014

Kenya may sell Samurai bonds in drive to boost external debt

Kenya, East Africa’s largest economy, is considering selling Samurai bonds this fiscal year as the government prepares to raise its target for borrowing on external markets, Treasury Secretary Henry Rotich said. In addition to yen-dominated notes, the country may also offer foreign investors sukuk ...

Jun 30, 2014

World Bank's Kim optimistic about Abe's 'third arrow'

World Bank President Jim Yong Kim has voiced optimism about Japan’s revamped growth strategy, the “third arrow” in Prime Minister Shinzo Abe’s three-pillar economic policy package called “Abenomics.” Abe’s commitment to tackling “rock hard regulations” related to employment, agriculture and health care is a ...

Jun 28, 2014

Japanese spending might recover in September: World Bank chief

The head of the World Bank expects Japanese consumer spending to start recovering from the drop caused by the first stage of the consumption tax hike sometime around September, and voiced support for an investment bank for Asia as proposed by China. “What we’re ...