World Bank News

The S&P 500 has reached a record weekly closing high level each of the past three Fridays, as the U.S. large-capitalization equity index has risen from 1,614.42 on April 29 to 1,633.70 on May 6 to 1,667.47 on May 13.

In this April 23, 2010 file picture German Deputy Finance Minister Joerg Asmussen, right, and Axel Weber, then governor of the central bank of Germany, the Deutsche Bundesbank, brief reporters on their work at at the IMF-World Bank meetings in Washington.

Over the next decade and a half, a major global shift will result in the developing world controlling roughly half of the world's capital, up from less than a third today.

The percentage of global investment that goes to developing countries should triple in the next two decades as emerging economies catch up to richer nations and become more integrated into financial markets, the World Bank predicted in a report on Thursday.

Reactions has continued to trail the new economic rating of Nigeria by the World Bank, which moved the country from a low income nation to a medium income one.

Australian Treasurer Wayne Swan, center, arrives for a G-20 dinner, during the Spring Meetings of the World Bank Group and the International Monetary Fund on Thursday, April 18, 2013, in Washington.

On Thursday I had a chance to go to the Eurasia Foundation's 20th anniversary gala where I listened to a few very interesting speeches on Russia and the greater Eurasia region.

A new study tries to estimate the subsidies enjoyed by too-big-to-fail banks. America's biggest banks want you to believe that they get no special advantage, no subsidies, from being too big to fail.

U.S. Federal Reserve Chairman Ben Bernanke gestures at the International Monetary and Financial Committee meeting during the Spring Meeting of the IMF and World Bank in Washington, April 20, 2013.

Spurred by the recent crisis in Cyprus, some of the world's most important economic authorities will be discussing how to move faster on banking and financial reforms and examine measures to spur the recovery at the G7 meeting to be held on Friday and Saturday a few miles outside of London.

It did not happen when the top job opened up at the International Monetary Fund: Christine Lagarde of France won out over candidates such as Mexico's Central Bank Governor Agustin Carstens, who put up a good fight.

Washington: Describing Aadhaar card as one of the best example of integration of technology for social welfare use, the World Bank President, Jim Yong Kim, believes that this massive effort by the Indian Government would help in achieving his goal of poverty eradication by 2030.

The District of Columbia attorney general traded barbs with a lawyer Wednesday as he testified in defense of his office's handling of a lawsuit arising from the mass arrests of anti-globalization demonstrators.

South Korea President Park Geun-Hye arrives for a meeting with World Bank president World Bank President Jim Yong Kim at the Blair House on Tuesday, May 7, 2013, in Washington.

In a quiet waiting room, Liberia's Finance Minister Amara Konneh was ushered by World Bank staff and seated to await the arrival of senior World Bank officials, including President Jim Yong Kim of China, who invited the Liberian minister.

Americas" were heading for collapse, the Brazilian co-chair of the negotiations, Adhemar Bahadian, colorfully described the disillusionment that had set in.

The needs of the job market are constantly changing, as such you should seriously think about areas to train in and what linkages to form.

The a 2.1m bill, which was about 10 per cent more than what the Central Bank spent on business travel in 2011, included a trip by the outgoing financial regulator, Matthew Elderfield, to sunny Bermuda last June.

Dr Michael Maccoby, a globally rercognised expert on leadership, will be the featured speaker at a breakfast meeting on union-management relations, Bridging the Divide, next Friday at the TT Chamber of Industry and Commerce headquarters in Westmoorings.

U.S. Federal Reserve Chairman Ben Bernanke waits for the start of the International Monetary and Financial Committee meeting during the 2013 World Bank/IMF Spring meetings in Washington on April 20.