Recent News Headlines : International Development
LENDER UPSELLING HAS RAISED THE STAKES FOR CANADIANS ADDICTED TO DEBT
While lenders pushed loans, Canadians were willing borrowers. But as rates begin to rise, indebted consumers face withdrawal pangs... READ MORE›
WORLD BANK PLEDGES $57 BILLION FOR PROJECTS IN AFRICA
The World Bank has announced that it will commit a record 57 billion in financing for sub-Saharan Africa... READ MORE›
LETTER BOMB THAT EXPLODED AT IMF OFFICES IN PARIS WAS 'SENT FROM GREECE'
French authorities just informed us that it was mailed from Greece, Nikos Toskas told Ant1 Television... READ MORE›
PARCEL EXPLOSION AT IMF'S PARIS OFFICE WOUNDS EMPLOYEE
IMF chief Christine Lagarde said the organisation was working closely with French authorities to investigate the incident in Paris... READ MORE›
LETTER BOMB THAT EXPLODED AT PARIS IMF OFFICE WAS SENT FROM GREECE
The president, Francois Hollande, said French authorities would do all they could to find those responsible for the letter bomb... READ MORE›
LETTER BOMB EXPLODES AT PARIS IMF'S OFFICE; GREEK TIES SEEN
The Paris prosecutor's office said Thursday night investigators found residues of Greek stamps on the letter bomb at the IMF's office in the French capital... READ MORE›
LENDERS LEAVE ATHENS WITH NO DEAL FOR GREEKS
Discussions will continue next week, notably on pension and labour market reforms, he said in a statement... READ MORE›
CHINA TRIES CURE BY COMMITTEE FOR CORPORATE DEBT HANGOVER
Feicheng's loans were extended by eight years at a concessionary interest rate of 3 percent, lower than the central bank's benchmark lending rate... READ MORE›
FORMER IMF CHIEF GETS FOUR YEARS IN JAIL FOR EMBEZZLEMENT IN SPAIN
Rodrigo Rato found guilty of misuse of corporate credit cards issued by banks whose near collapse sparked EU bailout... READ MORE›
MOODY'S IMPROVES RUSSIAN BANKS' OUTLOOK TO 'STABLE'
Sberbank enjoys a dominant position in all key segments of the Russian banking sector and has an unrivaled countrywide branch network, according to the agency... READ MORE›
CAN THE IMF SURVIVE THE AGE OF TRUMP?
Not the only one the IMF chief is likely to encounter in the age of President Donald Trump... READ MORE›
POP-UPS COME TO BANKING AS SWEDBANK STEALS A PAGE FROM EATERIES
Photographer Erik Abel Bloomberg Sweden's biggest mortgage lender plans to open pop-up banks across the country, reversing half a decade of shuttering branches... READ MORE›
EUROZONE, GREECE REACH DEAL ON RETURN OF BAILOUT INSPECTORS
Greece remains dependent on bailout loans from its partners in the eurozone to pay its debts... READ MORE›
SCHAEUBLE DENIES 'GREXIT' THREAT, SAYS GREECE ON RIGHT PATH
Germany's government, gearing up for what is forecast to be a tight national election in September, opposes debt relief for Greece as sought by the IMF... READ MORE›
BANK LOANS THROTTLE BACK BUT BROADER CREDIT GAUGE HITS RECORD
China's outstanding total social financing was 159.65 trillion yuan at the end of January, up 12.8 percent from a year earlier, the central bank said on Tuesday... READ MORE›
SINGAPORE'S BIG BANKS' BAD-LOAN WOES MAY BE GETTING WORSE
Fourth-quarter results due this week from DBS Group Holdings Ltd... READ MORE›
GREECE SAYS BAILOUT DEAL CLOSE, BUT WILL NOT ACCEPT 'ILLOGICAL' DEMANDS
Reaching agreement would release another tranche of funds from it latest 86 billion euro bailout, and facilitate Greece making a major 7.2 billion euro debt repayment this summer... READ MORE›
CHINA HUARONG LAUNCHES NEW UNIT FOR DEBT-FOR-EQUITY SWAPS
In China's last round of government-driven debt-for-equity swaps, Huarong conducted deals with 420 large and medium-sized SOEs, Lai said... READ MORE›
DEUTSCHE BANK SEES CHANCE TO SET OUT FUTURE COURSE AFTER U.S. SETTLEMENT
In paring back its presence, Deutsche would be responding not only to tighter regulation but also tougher market conditions... READ MORE›
CREDIT AGRICOLE EXITS GOVERNMENT BOND DEALER ROLES IN AUSTRIA, IRELAND
They are typically also entrusted with maintaining secondary trading activity, which entails holding a portion of the government bonds on their balance sheets for a period... READ MORE›
DYSFUNCTIONAL BOND MARKET RETURNS BORROWERS TO SHADOWY LOANS
Bank customers increased their non-yuan deposits by US 9.3 billion in December while reducing foreign currency liabilities by US 16.6 billion... READ MORE›
BANK OF ENGLAND'S CARNEY: CURBING CONSUMER LENDING WOULD BE 'BIG CALL'
The FPC lacks specific tools to target consumer borrowing, but one option would be to make banks hold more capital to penalize risky lending in general... READ MORE›
Trending News Headlines : International Development
THE IMF IS WORRIED ABOUT THE WORLD'S $152 TRILLION DEBT PILE
Excessive private debt is a major headwind against the global recovery and a risk to financial stability, IMF fiscal chief Vitor Gaspar said in prepared remarks... READ MORE›
EXCLUSIVE: GREECE NEEDS DEBT RELIEF FAR BEYOND EU PLANS - SECRET IMF REPORT
Exclusive Greece needs debt relief far beyond EU plans - Secret IMF report... READ MORE›
'EXTREME POVERTY' TO FALL BELOW 10% OF WORLD POPULATION FOR FIRST TIME
Extreme poverty has long been defined as living on or below 1.25 a day but the World Bank's adjustment now sets the poverty line at 1.90 a day... READ MORE›
TEARGAS TREES AND OIL MY LIFE IN THE GREATEST JOB ON EARTH
Above all, countries and people now have options to transform the way we live... READ MORE›
GREEK PM OFFERS OLIVE BRANCH ON DEBT
Greece economy pm tsipras seeks to placate creditors... READ MORE›
56 NATIONS ATTEND FOUNDING OF ASIAN INFRASTRUCTURE BANK IN CHINA
Stephens, general counsel of the Asian Development Bank in Manila... READ MORE›
CHINA TO LAY OFF FIVE TO SIX MILLION WORKERS, EARMARKS AT LEAST $23 BILLION
In addition, an assortment of local government matching funds will also be made available... READ MORE›
GLOBAL ELITES STEP UP DEFENSE OF OPENNESS AS POPULISM RISES
Global policy makers are stepping up their resolve to combat an isolationist backlash that threatens to undermine years of opening borders to trade and investment... READ MORE›
A CHEAT SHEET ON THE DEGLOBALIZATION OF THE FINANCIAL WORLD
But the nature of financial intermediation has shifted sharply away from bank funding to bond markets... READ MORE›
BRITAIN URGED TO INCREASE CYBER SECURITY IN FINANCIAL SERVICES
This means making sure that financial cyber crime has a high priority, and is not subordinate to other work, he said... READ MORE›
ONCE THE WORLD'S LARGEST, UBS TRADING FLOOR NOW NEARLY VACANT
Many of the traders were moved back to Manhattan after the financial crisis as rents in the city fell... READ MORE›
WORLD BANK PLEDGES EXTRA $29BN TO POORER NATIONS FOR CLIMATE CHANGE FIGHT
Finance ministers from the 20 countries most vulnerable to climate change, the V20, who held their inaugural meeting on Thursday, echoed calls to boost adaptation funding... READ MORE›
BRITAIN TO REPAY A?2BN FIRST WORLD WAR DEBT
The Government can currently borrow money at record low interest rates, so it makes financial sense to replace old debt borrowed at higher interest rates... READ MORE›
GREEK PARLIAMENT VOTES ON BAILOUT DEAL AMID PROTESTS
Workers across Greece called for strikes over the austerity measures demanded by Athens international creditors... READ MORE›
MARKETS SURGE AMID GREECE DEAL HOPES
Eurogroup finance ministers will formally meet in Brussels on Saturday to discuss the proposals ahead of a full meeting of the 28-member European Union on Sunday... READ MORE›
STUNTING AND POVERTY 'COULD HOLD BACK 250M CHILDREN WORLDWIDE'
Under-nourished children living in extreme poverty end up small and their brain development is affected, so that they find it hard to learn... READ MORE›
NEW RULES PROPOSED TO PUT AN END 'TOO BIG TO FAIL' BANKS
Citi said European banks would be required to issue the biggest chunk of new bonds, including BNP Paribas BNPP... READ MORE›
RESOLVING THE GREEK DEBT CRISIS CRUCIAL NEXT STEPS
The International Monetary Fund has urged European leaders to give Greece substantial debt relief or risk having the bailout fall apart... READ MORE›
WORLD'S $150 TRILLION DEBT EDIFICE SHAKEN BY TRUMP VICTORY
This has instantly shaved 1.14 trillion off Bank of America's Global Broad Market Index... READ MORE›
ALBERTA CREDIT RATING DOWNGRADED BY STANDARD AND POOR'S
Finance Minister Joe Ceci said he was disappointed by the downgrade, blaming it mainly on the low price of oil... READ MORE›
GREEK PM FACES BIGGEST PARTY REVOLT YET AS BAILOUT APPROVED
Tsipras remains hugely popular in Greece for standing up to Germany's insistence on austerity before capitulating under the threat of a euro zone exit... READ MORE›
CHINA AND WORLD BANK UNITE IN THEIR COMMITMENT
We are going to work closely with the World Bank to support the industrialization of Africa, he says... READ MORE›
THE DEBT CRISIS WHAT GREECE WANTS AND WHAT ITS OFFERING
Greece wants debt relief from its European creditors including Germany and France the European Central Bank and the International Monetary Fund... READ MORE›
GEORGE OSBORNE'S SECRET PLAN TO BAIL OUT THE EUROZONE
Potentially far more money is at stake with Mr Juncker's investment fund... READ MORE›
GREECE NEEDS FURTHER DEBT RELIEF AFTER THIRD BAILOUT DEAL IN FIVE YEARS, SAYS IMF CHIEF
She called on Europe to make concrete commitments to provide significant debt relief, well beyond what has been considered so far ... READ MORE›
WORLD BANK URGES ACTION AGAINST INEQUALITY
World Bank urges action against inequality -- RT Business... READ MORE›
4 THINGS AMERICAN CONSUMERS SHOULD KNOW ABOUT THE BREXIT
Swap out the country names and the specific politics, and the rhetoric around the Brexit can begin to sound a lot like a Trump stump speech... READ MORE›
OVER TWO-THIRDS OF FOREIGN IS GROUP RECRUITS ARE WELL EDUCATED, WORLD BANK FINDS
Foreign recruits with little or no education usually asked for combat roles, the study found... READ MORE›
GREECE'S TAX REVENUES COLLAPSE AS DEBT CRISIS CONTINUES
Greece is due to make a EUR3.2bn repayment to the European Central Bank on 20 August... READ MORE›
SUNEDISON AT RISK OF BANKRUPTCY, UNIT SAYS; SHARES PLUMMET 60 PERCENT
If SunEdison does not perform under these agreements, it could have a material adverse effect on TerraForm Global, TerraForm Global said... READ MORE›