Urbanization Helps Curb Poverty, Says World Bank It says countries and regions with a high rate of urbanization lead in the effort to reach their Millennium Development Goals (or MDGs). For example, countries with large population centers in East Asi...
Cyprus Banks Reopen, Bailout Negotiations Continue Depositors formed long lines on the sidewalks and streets outside their banks long before the doors were unlocked at noon, local time - anxiously awaiting access to their accounts. The banks were sch...
World Bank Praises Burundis Regulatory Reforms The survey evaluates governments according to their ability to ease stumbling blocks in creating and operating businesses. Among the hurdles are dealing with construction permits, registering property, g...
萧华，我刚才见到我一个几十年没见的高中同学。几十年不见，你还认得他吗？认还是认得的。这位同学当年是个书呆子，大家都笑他。可是前几年他发明了一个电脑软件，一下子就成了百万...
US Bank Executive Apologizes for Loss It was four years ago that a cascading failure of Americas biggest financial institutions triggered massive federal bailouts and legislation designed to curb risk-taking and, it was hoped, avoid another economic...
Spain Denies Seeking Bank Bailout Across Spain, banks gave billions of dollars to property developers trying to cash in. They are left with huge debts. The government is already nationalizing the ailing lender, Bankia, at an estimated cost of more th...
Fears for European Banks as Greek Depositors Withdraw Money Hundreds of Greek hotel workers are on strike in Athens. They are angry about plans that could cut their wages by up to 40 percent. Hotel worker Koukos Panagiotis says that Greeks' everyday...
BEIJING, May 27 (Xinhuanet) -- China announced on Saturday it would grant private capital the same entry standards to the banking industry as other capital, in an effort to shore up an economy that is continuing slowing down and to lend more to small...
BEIJING, May 26 (Xinhua) -- China's financial institutions should focus on attracting more private investment, the country's banking regulator said Saturday. Banks are encouraged to gain investment from well-managed private enterprises of good repute...
Greek Cabinet Sworn in Amid Bank Run Fears Greece's new caretaker cabinet took office Thursday. Senior judge Panagiotis Pikrammenos, shown here in the center, will head an emergency government of professors, technocrats and politicians through a turb...
