The president of the World Bank, Robert Zoellick, criticized Argentina's plans to nationalize its largest oil company. Addressing a news conference in Washington on Thursday, Zoellick cautioned policymakers against moves based on populism and protect...
Colombian Competes for World Bank Presidency International experience Jose Antonio Ocampo won praise as the head of Colombias Ministries of Finance, and Agriculture and as chief of its central bank, for boosting economic growth and investment. Ocampo...
BEIJING, March 1 (Xinhua) -- China's four biggest state-owned banks said Thursday they will continue implementing the differentiated housing loan policy. The four state-run lenders, dubbed the Big Four, are Industrial and Commercial Bank of China, Ch...
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Israeli Settlement Expansion Raises West Bank Tensions After the United Nations' cultural organization UNESCO voted to grant membership to the Palestinians, Israel announced it would accelerate construction of Jewish settlements on the outskirts of J...
Belgium decided Monday to buy a subsidiary of the financially troubled Dexia bank, the first victim of new European worries about the spread of Greece's debt crisis. The Belgian government said it is paying $5.4 billion to buy the national subsidiary...
Moody's Investors Service has downgraded the credit ratings of 12 British banks over concerns that the government will not provide adequate support to the institutions if they become financially troubled. The credit rating firm said Friday that the d...
