Bolder policies can inject a new momentum into the world economy to help it overcome what has been so far a disappointing recovery, IMF Managing Director Christine Lagarde said. In a Washington speech heralding next week’s IMF-World Bank Annual Meetings, Lagarde said the IMF’s main job now is to help the global economy shift gears […]
WASHINGTON, World Bank Group President Jim Yong Kim today called for economic growth that creates more just societies, and he defined the institution’s goal of boosting shared prosperity as the World Bank Group’s way of tackling the global challenge of inequality. Speaking at Howard University in Washington DC on the eve of the World Bank/IMF […]
CUPERTINO, California ―Apple® today announced Apple Pay™, a new category of service that will transform mobile payments with an easy, secure and private way to pay. Apple Pay works with iPhone® 6 and iPhone 6 Plus through a groundbreaking NFC antenna design, a dedicated chip called the Secure Element, and the security and convenience of […]
German service providers reported a further rise in business activity in August, although the pace of expansion slowed since the previous month. Employment also rose at a weaker rate, while new business continued to increase. Meanwhile, business sentiment fell to the lowest level in nearly one year. The seasonally adjusted Markit Germany Services Business Activity […]
The U.S. economy continues to strengthen. Last week, we learned that 209,000 jobs were created in July. This increase represented the sixth consecutive monthly payroll gain of more than 200,000—the longest such stretch since 1997. Over the past 53 months, our private sector has produced nearly 10 million new jobs. The unemployment rate has fallen […]
Zurich, Credit Suisse economists and strategic investment consultants who advise the bank’s institutional clients today published a study entitled ‘Swiss Pension Funds 2014 – Perspectives in Demographics and Asset Management’. The study is based on a survey of more than 250 Swiss pension funds. The results indicate that in addition to the low interest rate […]
ENGLEWOOD, Colo.– The Western Union Company (NYSE: WU), a leader in global payment services, today announced that consumers in Austria, Belgium, Germany, the Netherlands and the United Kingdom now have the option to fund online and mobile Western Union Money Transfer® transactions using their bank accounts. Today’s launch adds to Western Union’s online and mobile […]
Today the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) priced a $12.057 million World Bank Step-Up Callable Green Bond sold to Merrill Lynch Wealth Management clients. Bank of America Merrill Lynch offered the step-up fixed rate bonds, which are callable after one year. The bonds will pay a 2.32 percent coupon per […]
New York, NY – German and French companies are using renminbi to trade (RMB) and now, increasingly, American businesses are too. More U.S. businesses are using RMB to settle trade and more plan to use it amid expectations by business leaders that their trade with China will increase in the next 12 months. Seventeen percent […]
WASHINGTON – The U.S. Treasury Department today announced that it has guaranteed $325 million in new bonds to help support economic development opportunities in low-income and underserved communities across the country. The funding, provided through the Community Development Financial Institutions (CDFI) Bond Guarantee Program, is designed to help CDFIs fill a financing gap in underserved […]
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