Business News and Opinion
The World Bank on Friday launched the process of selecting a new president to replace Robert Zoellick, whose term ends in June.
Countries wishing to present candidates must do so by March 23. The bank hopes to communicate his choice at meetings of the World Bank and International Monetary Fund in April.
The [...]
Belgium fell into recession in the second half of 2011, with an acceleration of the contraction of its economy over the last three months of the year compared to the third quarter, announced Wednesday the central bank. Gross domestic product (GDP) contracted by the Kingdom 0.2% in the fourth quarter from July to September, growing [...]
After eight years as President of the ECB, Jean-Claude Trichet is bowing. In the chorus of praise that welcomes its balance sheet, dissenting voices are heard. In pictures, their views on the action of the defender of the euro.
The German government is preparing to cut nearly half of its growth forecast for the country, it was learned Wednesday in the ruling coalition.
According to these sources, the German Minister of Economics Philipp Rösler could revise its earlier projection of 1.8% in 2012 to about 1.0%, while lowering its growth forecast for 2011 [...]
Nicolas Sarkozy deems "interesting" the Dutch proposal of European Commissioner for Budget whose mission is to enforce the commitments of countries in the euro area, said Monday the Elysee Palace.
Prime Minister of the Netherlands, Mark Rutte, discussed this proposal with the French president during a meeting at the Elysee Palace, in six days [...]
Discussions on the future of Dexia resume Sunday in Brussels where the French Prime Minister Francois Fillon has to go in the day to decide with his Belgian counterpart Yves Leterme in terms of a dismantling of the Franco-Belgian bank, the first European victim the debt crisis.
Originally scheduled for Saturday afternoon, a meeting [...]
Greece on Tuesday reaffirmed its resolve to meet all the conditions is related rescue by the European Union and the International Monetary Fund, while the inspectors of the "troika" EU-IMF-ECB should return this week in Athens.
In a speech to business leaders in Berlin, Prime Minister George Papandreou sought to allay fears about his [...]
IMF director Christine Lagarde calls on European and American leaders who, through their "procrastination", increase the risk of global crisis. IMF Executive Director Christine Lagarde at a news conference in Washington July 6, 2011.
Christine Lagarde said Thursday during a speech in Washington that the Western economies were in a "vicious circle" aggravated by "the [...]
Despite concerns hanging over global growth, the U.S. and the world will not fall into recession, says World Bank President. The monthly report on employment in the United States, released Friday, came out beyond the most pessimistic forecasts.
World Bank President Robert Zoellick said Tuesday that the United States was not threatened by a return [...]
Expectations of intervention by the Federal Reserve to stimulate the economy grew after the unexpected halt to job creation on Friday, with no sure it is a factor in support of U.S. stock markets .
The question of a further intervention by the Fed will be the focus of the week on Wall Street [...]