With no rivals appearing as the nomination period came to an end, U.S. Treasury Secretary Janet Yellen on Wednesday dismissed the notion of a short-term capital boost for the World Bank and stated that she anticipated U.S. nominee Ajay Banga to be elected as the bank's next chairman.  ...

The White House will call for stricter regulations for midsize banks with holdings between $100 billion and $250 billion this coming week. The U.S. Federal Reserve (Fed) and other authorities will receive recommendations, says The Wall Street Journal (WSJ). The Fed reportedly started reviewing its...

According to Kristalina Georgieva, managing director of the International Monetary Fund (IMF), the issues facing the banking sector in developed countries were an inevitable result of the government's efforts to combat inflation. The IMF chief said in a speech at the Boao Asian Forum in China that...

Microchip and cement shortages are still a problem for manufacturers of everything from pickup vehicles to houses, which could delay and increase the expense of federal efforts to arm Ukraine against Russian aggression and restore the country's deteriorating infrastructure and industries.  ...

According to a study from the Boao Asian Economic Forum (BAF), Asia's GDP growth will be 4.5 percent by the end of 2023. The analysts expected that Asia's real GDP growth rate would increase from 4.2 percent in 2022 to 4.5 percent in 2023. In his inaugural remarks on Tuesday, Li Baodong,...

By the end of 2022, the United States will overtake Russia in terms of oil shipments to the European Union, with Russia's share falling from 31% to 4%, according to a study released on Tuesday by the European statistical agency Eurostat. Its data indicates that between the fourth quarter of 2021...

U.S. and Japan have reached a trade agreement over minerals used in electric vehicle batteries   The United States and Japan unveiled a trade agreement on electric car battery minerals on Tuesday, which is critical to bolstering their battery supply chains and providing Japanese car...

According to a research published Tuesday, China expended $240 billion bailing out 22 developing countries between 2008 and 2021, with the amount increasing in recent years as more have struggled to repay loans spent building "Belt & Road" infrastructure.   According to a report by...

According to those involved with the conversations, the Biden administration plans to deliver Mexico a "act now or else" message in the coming weeks in an attempt to break a stalemate in an energy trade dispute, as bipartisan calls for the US to get tougher with its southern neighbor intensify....