| Dec 10, 2013
| 8:27 PM
WASHINGTON — With economic policymaking at home largely paralyzed by Republican opposition, the Obama administration's effort to shift its focus abroad by stimulating U.S. growth through expanded exports isn't moving much easier.
| Dec 11, 2013
| 8:12 AM
WASHINGTON -- Clear communication from Federal Reserve officials could reduce the risk to developing economies when the central bank starts reducing a key stimulus program, the head of the World Bank said.
Developing nations saw their borrowing costs...
| Oct 8, 2013
| 10:50 AM
JERUSALEM-- Israeli restrictions in the West Bank cost the struggling Palestinian economy more than $3.4 billion a year, according to a report released by the World Bank on Tuesday.
More than half of West Bank lands are largely off-limits to...
| May 7, 2013
| 2:21 PM
SAO PAULO, Brazil--Roberto Azevedo of Brazil has been elected the first Latin American director-general of the World Trade Organization, the global body charged with moving forward stalled trade agreement talks.
The choice of Azevedo over close rival...
| Aug 13, 2013
| 6:13 PM
Major Hollywood studios have resolved a tax dispute in China that has held up hundreds of millions of box-office dollars since 2012.
The months-long dispute centered on a 2% value-added tax that state-owned distributor China Film Group insisted...
| Sep 20, 2013
| 3:59 PM
MEXICO CITY — Vice President Joe Biden, in the Mexican capital Friday for meetings with top government officials and business leaders, said he was glad to be focusing on trade rather than on security issues and argued that an economically prosperous...
| Jun 24, 2013
| 7:29 AM
WASHINGTON -- An independent World Bank review of its highly cited annual report on the ease of doing business around the globe has recommended that it stop ranking countries because the listings can be misinterpreted.
Instead, the Doing Business report...
| Jan 23, 2013
| 10:45 PM
A.W. "Tom" Clausen, a no-nonsense Midwesterner who led San Francisco-based Bank of America before and after serving as president of the World Bank, died Monday at a hospital in Burlingame, Calif. He was 89.
The cause was complications from pneumonia,...
| May 10, 2012
| 4:38 PM
Just a month after South Sudan announced an austerity budget designed to fend off economic collapse, the struggling new country had already failed to meet its targets, a source close to the South Sudanese government acknowledged....
| May 9, 2012
| 4:38 PM
South Sudan could run out of reserves and possibly face “state collapse” as soon as July after shutting off its oil, according to a confidential report leaked to news media that appears to be from the World Bank....
| May 8, 2012
| 4:38 PM
Leftist politicians changed the conversation in Greece Tuesday from what further sacrifices the heavily indebted Balkan nation needs to make to stay in the Eurozone to bailing on the common currency and reneging on promises to make deeper spending cuts...