The World Bank is shifting from the role of major development projects lender to the role of a private sector investment broker. In April 2017, World Bank Group President Jim Yong Kim outlined his vision in a speech at the London School of Economics. He argued that financing for development must...

Australian Prime Minister Malcolm Turnbull announced that his government will grant companies the right to obtain licenses for gas exports in an attempt to reduce domestic gas prices, writes Business Insider. At a joint press conference with Energy Minister Josh Frydenberg and Finance Minister...

When the largest bank of Azerbaijan wanted to extract hundreds of millions of dollars from funds in neighboring Kazakhstan, it had to go backwards for 2,700 miles to Ireland, writes Bloomberg. The International Bank of Azerbaijan (IBA) used dark Dublin companies to sell bonds, which were purchased...

American online retailer Amazon.com reached an agreement to purchase a Whole Foods Market supermarket chain for $ 13.7 billion. The company will pay $ 42 per Whole Foods’ share. "Millions of people love the Whole Foods Market because they offer the best natural products of organic origin and make...

Greece will avoid a default in July since European creditors agreed to allocate € 8.5 billion for the country. The delay in payment became possible thanks to unpopular reforms in the country, because of which thousands of impoverished Greeks took to the streets. At the same time, the ECB still does...

In the first five months of this year, central banks bought assets worth $ 1.5 trillion. Among these assets are stocks, bonds and real estate. Now the volume of assets owned by central banks has reached an incredible level. And banks are forced to acquire even more to achieve the same effect....

With the intention to make its position more clear before negotiations kickoff, pressure on the U.K. government has been stepped up by the European Parliament's representative in relation to Brexit.   It's time the U.K. answers five key questions before negotiations begin next week, Guy...

Markets are wrestling with the central bank over whether the economy reflects a glass half empty or half full, doubting the Federal Reserve's ability to hike rates as forecast.   The Fed spelled out how it hopes to begin winding down its balance sheet this year and hiked interest...

While Wall Street banks do not expect significant change any time soon, they however cheered U.S. President Donald Trump's plans to loosen the leash put on them in the wake of the 2008 financial crisis.   Rather than requiring legislation from Congress, executive order and through regulators...