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World Bank shareholders back $13b capital increase
Apr 22, 2018
WASHINGTON  — The World Bank's shareholders on Saturday endorsed a $13 billion paid-in capital increase that will boost China's shareholding but bring lending reforms that will raise borrowing costs for higher-middle-income countries, including China.The multilateral lender said the plan would allow it to lift the group's overall lending to ne ...
US-China trade tension dominates IMF gathering
Apr 21, 2018
WASHINGTON — Trade tensions between the United States and China, which threaten ...
Oil price soars to highest level in years on Mideast woes
Apr 19, 2018
LONDON — Oil surged on Thursday close to 3.5-year peaks on simmering Mideast ten ...
IMF warns of risks as central banks tighten
Apr 18, 2018
WASHINGTON — The International Monetary Fund (IMF) urged central banks on Wednesday to take a gradual and transparent approach to tightening ...
IMF envisages solid global growth for 2019
Apr 17, 2018
WASHINGTON — The global economy is expected to grow at a solid pace through next year, boosted by faster expansion in the United States and ...
US bans American companies from selling to Chinese phone maker ZTE
Apr 16, 2018
WASHINGTON — The US Department of Commerce is banning American companies from selling components to leading Chinese telecom equipment maker ...
Oil, gold to gain post Western strike on Syria
Apr 15, 2018
LONDON — Gold and oil will extend their gains on Monday, albeit modestly, when the markets open for the first time since Western powers laun ...
Oil hovers near highest since 2014 as OPEC sees tighter market
Apr 14, 2018
LONDON — Oil prices edged off highs last reached in late 2014 due to rising US stocks but remained well supported by mounting geopolitical t ...
WTO warns protectionism threatens strong trade growth forecast
Apr 12, 2018
GENEVA — The World Trade Organisation (WTO) on Thursday said that it expects strong trade growth through this year and next but warned progr ...
Kuwait Airways halts Beirut flights as Syria tensions grow
Apr 12, 2018
Kuwait City - Kuwait's national carrier halted flights to Beirut on Thursday citing security concerns, after an air safety watchdog warned o ...
Trade protectionism threatens economic growth — Lagarde
Apr 11, 2018
HONG KONG — International Monetary Fund (IMF) chief Christine Lagarde on Wednesday issued a stern warning to governments to avoid underminin ...
Abu Dhabi opens first licensing auction for six oil, gas blocks
Apr 10, 2018
ABU DHABI — Abu Dhabi's state energy company on Tuesday said it had opened its first auction for exploration contracts, offering six major o ...
European shares rise as trade optimism spreads
Apr 09, 2018
LONDON — European shares rose in early deals on Monday, as hopes that a full blown trade war between the United States and China could be av ...

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