Investing and Global Finance News

Tag Archives: World Bank

World Bank Hopes to Issue Yuan Bonds in Hong Kong

Twenty Yuan

Michael Bennet, head of derivatives and structured finance at the World Bank says that there is a good chance that the bank will once again issue yuan-denominated bonds in Hong Kong as soon as borrowing costs improve to a more favorable rate.

According to information collected by the Bloomberg organization, International Finance Corp, a member of the World Bank, sold 150 million yuan ($23.5 million) of five-year Dim Sum Bonds in January, 2011.

“In principle, we are very open to selling more Dim Sum,” Washington-based Bennett said in an interview in Hong Kong. “For us, because we are a U.S. dollar-based institution, our ability to issue in any currency is probably dependent on after-swap costs in U.S. dollars. The opportunity comes and goes based on that level.”

 

Top Ten Countries for Startups in 2012

This year’s World Bank Doing Business report has listed the top nine countries for startup businesses. The rankings consider the starting ease and conditions, as well as minimum cost, time and available assets. Rather surprisingly, the U.S. didn’t make the list. These countries did, however: New Zealand, with 1 day to start a business Australia,… Continue Reading

US Economy’s Impact on Global Finances

World Bank economist Andrew Burns commented on America’s recent weak economic data, noting a significant slowing down of US economic growth. However he said that it was unlikely that the US would experience a “double-dip recession.” In terms of Europe, the recovery is somewhat stalling also vis-à-vis various crises in different areas, most notably Ireland… Continue Reading

World Bank News

World Bank Revisions on Economic Growth Two days ago, the forecast for growth for the developing world was revised by the World Bank with a warning that there will be greater pressures on inflation due to the escalation in food and fuel prices. Currently, growth is down from last year’s figures so the advice by… Continue Reading

Oil Fields in ArcticOil Fields in Arctic

Rosneft-BP Merger A couple of months ago, world-renowned BP signed a deal with Russia’s major oil company Rosneft to “swap shares and jointly develop oil fields in the Arctic.” Of course it will be BP reaping most of the benefits (since it will be putting up the majority of the capital) with the Russian Rosneft… Continue Reading