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Tag Archives: World

World Bank President Jim Yong Kim Is Nominated for a Second Term

By JACKIE CALMES August 25, 2016 WASHINGTON — President Obama on Thursday nominated Jim Yong Kim for a second five-year term as president of the World Bank despite persistent complaints among employees about his leadership at a time when the mission of the global development institution is in question. The bank’s board ...

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World Bank cuts Vietnam growth forecast to 6 percent

The World Bank has lowered its forecast for Vietnam’s economic growth in 2016 to 6 percent, down from its previous projection of 6.2 percent in April. In a statement released on Tuesday, Achim Fock, the World Bank’s acting country director in Vietnam, said despite softer growth this year, the country’s ...

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How Britain’s Breakup With the E.U. Could Reshape World Markets

By PETER S. GOODMAN June 24, 2016 LONDON — First came the shock. Then fear seized world markets. As frenzied selling accelerated in Tokyo, Hong Kong and London, unfathomable amounts of wealth vanished in a matter of hours. In crudest outlines, the panic that followed Britain’s vote to quit the European Union traced ...

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Hackers’ $81 Million Sneak Attack on World Banking

Tens of millions of dollars siphoned from the Federal Reserve Bank of New York. A shadowy set of casinos in the Philippines. A large bank in Bangladesh with creaky technology. An unknown — and perhaps uncatchable — group of anonymous thieves with sophisticated hacking skills. What unites this curious cast ...

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Vietnam's economy slowing down after a strong year: World Bank

Vietnam’s economy will see “moderate” growth of 6.2 percent this year, as private consumption and investment will slow down amid downside risks, both external and internal, the World Bank has said. The latest estimate is slightly lower than the bank’s prediction of 6.5 percent just more than three months ago, ...

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