World Bank

The World Bank downgraded its global growth forecasts for 2019, 2020, and 2021, due to slow recovery in trade and investment, according to Reuters. What Happened The World Bank on Wednesday released its latest Global Economic Prospects report, where the bank trimmed its expectation...

The World Bank’s board has agreed to grant China a low-interest annual loan of between $1 and $1.5 billion through June 2025, according to CNBC. What Happened The World Bank said on Thursday that its board members have “expressed broad support” to aid China with up to $1.5...

With economic growth slowing worldwide in 2019, investors looking for growth sources have been forced to get creative. Ongoing concerns about the outcome of the Sino-American trade war have clouded the outlook for the Chinese market, but India has the sixth-largest economy in the world and is...

Fintech startup WorldRemit has raised $40 million in series C funding from Leapfrog Investments, Accel and TCV, according to a corporate release. The sum brings the money-transfer firm’s total funding to $220 million and its valuation to $668 million — representing 34-percent growth...

An analysis by Statista brought out how massive Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG)'s advertising revenues are. The search giant's ad revenues in 2016 were higher than what Germany, Britain and France, combined, spent on advertising. As per World Bank data, GDP at purchasing...

Maybe the Occupy Wall Street movement was looking to the wrong coast all along. A recent Bank of America Corp (NYSE: BAC)/Merrill Lynch report titled "Occupy Silicon Valley" shows that tech firms Apple Inc. (NASDAQ: AAPL) and Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) valuations are higher than...

The U.S. corporate tax reform chatter grows louder, with President Donald Trump himself promising last Friday that he would soon announce the most ambitious tax reform since the Reagan Era. Despite the teasers at several occasions, neither Trump or his team has shed light on specifics of the reform...

Thanks in large part to soaring precious metals prices, the iShares MSCI All Peru Capped Index Fund (NYSE: EPU) is up nearly 48.7 percent this year. That is better than triple the returns offered by the iShares S&P Latin America 40 Index (ETF) (NYSE: ILF) and more than 11 times the performance...

Oil prices are up sharply in Friday’s session as investors are displaying optimism about the reported 5-million-barrel drawdown in U.S. crude stockpiles last week. The EIA’s reported 5-million-barrel drawdown was much better than the 3.2 million barrel build that analysts had forecast....

U.S. President Barack Obama addressed the 54 member states of the African Union on Tuesday in the Ethiopian capital of Addis Ababa. He is the first U.S. leader to visit the pan-African government. During his speech, Obama reprimanded the continent's leaders for their corrupt policies and frequent...

The World Bank came out on Tuesday and revised its Russian GDP forecast to a 2.7 percent decline through 2015, marking an improvement from the previous 3.8 percent contraction that was previously projected. The Moscow Times cited the bank's lead economist for Russia who noted that the revision is...

With the growing prowess of China in multiple domains as varied as banking and sciences, China has started giving tough competition to the United States. According to legendary investor and speculator George Soros, if the two countries don't "find an accommodation" soon, the...

This week, the global economy will be in focus as central bankers from around the world meet in the U.S. to discuss their policies. European Central Bank President Mario Draghi will also deliver a much anticipated speech that markets will be watching closely for any indication about his plans...

The Federal Reserve will release its policy meeting minutes which are likely to capture the markets’ attention as investors try to put together a timeline for the bank to raise interest rates. Fed Chair Janet Yellen has given mixed signals about the bank’s position; on one hand promising to...