World Bank

The World Bank lowered its 2012 China growth outlook to 8.2%, versus its January's forecast of 8.4%.

PIMCO's CEO and co-CIO Mohamed El-Erian has sounded bells on what he believes are fundamental compromises that could thwart progress on the continued world crisis. In an article appearing on Project-Syndicate.org, Dr. El-Erian refers to two areas where the United States and Europe may be colluding...

China is lowering its economic growth target to an eight year low, so that it can focus on increasing domestic demand and prepare for next year's leadership change. Chinese Premier Wen Jiabao said that his 2012 growth target of just 7.5 percent would allow Chinese officials to increase their...

According to the World Bank and researchers associated with the Chinese government, China is at a turning point in its development path and its current growth model is unsustainable. World Bank President Robert B. Zoellick gave opening remarks on Monday as he announced the findings of the “China...

The World Bank lowered its 2012 global growth forecast. The World Bank now projects global growth of 5.4% for developing countries, down from its earlier forecast of 6.2%. The bank expects global growth of 1.4% for high-income countries, down from 2.7%.

Deutsche Bank reiterates its Hold rating and $19 target price on Western Union (NYSE: WU) as the company is well positioned to benefit from increased remittance flow and improved outlook, but weaknesses in US and Southern Europe continue. On catalysts for WU, Deutsche Bank comments: “Yesterday,...

Hernando de Soto is an extremely interesting Peruvian economist who is simultaneously deeply conservative and highly innovative. He published a column in the Washington Post on October 7, 2011 entitled “The Cost of Financial Ignorance” that caused me to reexamine “The Washington Consensus” [TWC...

In an interview to appear tonight on FOX Business Network's (FBN) America's Nightly Scoreboard (9 PM/ET) President of the World Bank Robert Zoellick spoke with host David Asman in Perth, Australia, where he is attending the Australian American Leadership Dialogue meetings. Zoellick said as a result...

Hillary Clinton, current U.S. Secretary of State and former First Lady, is said to have shown interest in being the President of the World Bank when that position frees up next year, sources familiar with the matter told Reuters. "Hillary Clinton wants the job," a source close to Mrs Clinton said...

Despite all the negativity facing the U.S. and Europe, The World Bank sees increased growth in the emerging world. The organization has increased its growth forecasts for the group of nations. The bank predicts developing countries will grow at 6.3% in 2011, compared to its 6% January forecast....

Wells Fargo Securities, part of Wells Fargo & Company (NYSE: WFC), and the World Bank Treasury today announced a program designed to provide new investment opportunities in World Bank notes for U.S. retail investors. Under the program, Wells Fargo Securities acts as a dealer of World Bank (...

The World Bank is cautious about the global recovery and went so far as to warn that it may run out of steam later in the year. The World Bank said in its report on Global Economic Prospects that global gross domestic product is expected to grow 2.7% this year and 3.2% in 2011, after declining 2.2...