Investors have pushed stock markets in Europe and Asia higher after pro-bailout parties won enough votes in Greece’s parliament elections to form a government. Greece’s stock exchange jumped more than 6 percent in early trading, while European markets were broadly up more than 1 percent. Japan’s Nikkei index finished the day up nearly 2 percent, […]
World Markets Rally after Greek Election Results
Posted June 18th, 2012 at 4:05 am (UTC-5)
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Asia Stocks Rally After Greek Election Results
Posted June 18th, 2012 at 1:15 am (UTC-5)
Investors have pushed stock markets across Asia higher after pro-bailout parties won enough votes in Greece’s parliament elections to form a government. Japan’s Nikkei index rose nearly two percent in morning trading Monday, while Hong Kong’s Hang Seng was up more than 1.5 percent. The results in Greece also boosted the euro as concerns about […]
Market Euphoria Fades on Spanish Bank Rescue
Posted June 11th, 2012 at 5:10 pm (UTC-5)
The initial euphoria on world financial markets about Europe’s $125 billion bailout of Spanish banks faded quickly Monday as investors reconsidered terms of the rescue package. Stock indexes in Tokyo and Hong Kong surged more than 2 percent, and markets in London, Frankfurt and Paris moved up sharply in early trading. By the end of […]
Spanish Bank Rescue Euphoria Fades on World Markets
Posted June 11th, 2012 at 1:45 pm (UTC-5)
The initial euphoria on world financial markets about Europe’s $125 billion bailout of Spanish banks faded quickly Monday as investors reconsidered the terms of the rescue package. Stock indexes in Tokyo and Hong Kong surged more than 2 percent, and markets in London, Frankfurt and Paris followed suit with sharp gains in their first hours […]
World Markets Advance After Spanish Bank Rescue
Posted June 11th, 2012 at 10:20 am (UTC-5)
Investors have pushed stock markets higher across Asia and Europe following an agreement by eurozone countries to provide up to $125 billion to rescue Spain’s ailing banks. Markets in Britain, Germany and France jumped about 2 percent in early trading Monday, although later edged off their high points. Shares in Spain — led by financial […]
World Markets Surge After Spanish Bank Rescue
Posted June 11th, 2012 at 9:35 am (UTC-5)
Investors have pushed stock markets across Asia and Europe higher following an agreement by eurozone countries to provide up to $125 billion to rescue Spain’s ailing banks. Markets in Britain, Germany and France jumped about 2 percent in early trading Monday, although later edged off their high points. Shares in Spain — led by financial […]
World Markets Surge After Spanish Bank Rescue
Posted June 11th, 2012 at 5:25 am (UTC-5)
Investors have pushed stock markets across Asia and Europe higher following an agreement by eurozone countries to provide up to $125 billion to rescue Spain’s ailing banks. Markets in Britain, Germany and France were all up about 2 percent in early trading Monday, while shares in Spain — led by financial stocks — surged nearly […]
Report: Somalia Has Not Accounted For Majority of Funds
Posted May 31st, 2012 at 3:20 pm (UTC-5)
A World Bank report says the Somali government has not accounted for most of the revenues and donations it received in 2009 and 2010. The report, released this week, says World Bank auditors found that Somalia’s Transitional Federal Government received far more money than it has said. In an interview with VOA , the report’s […]
World Bank: Growth in Developing East Asia Strong, but Slowing
Posted May 23rd, 2012 at 3:15 am (UTC-5)
The World Bank says growth in East Asia’s developing economies remains strong, but warns they need to reduce their reliance on exports as the global economic slowdown continues. The Washington-based lender said in a biannual report Wednesday that it expects growth to slow to 7.6 percent this year in developing East Asia, which excludes Japan. […]
World Bank: Growth in Developing East Asia Strong, but Slowing
Posted May 23rd, 2012 at 12:50 am (UTC-5)
The World Bank says growth in East Asia’s developing economies remains strong, but warns they need to reduce their reliance on exports as the global economic slowdown continues. The Washington-based lender said in a biannual report Wednesday that it expects growth to slow to 7.6 percent this year in developing East Asia, which excludes Japan. […]
