WASHINGTON (Reuters) - World Bank President Jim Yong Kim on Wednesday warned that most regions of the world will be hurt by the debt crisis enveloping the euro zone and said it was vital to protect the strong economic gains of the past decade in the developing world.
July 18, 2012
Greece seeking bridge loan for funding needs
ATHENS: Cash-strapped Greece is seeking a bridge loan from its foreign lenders to cover its financing needs through August, a finance ministry source said on Tuesday.
July 17, 2012
UK economy to see return to growth, says Item Club
The UK economy should enjoy an "Indian summer" after a poor first half of the year, says a leading forecaster.
July 16, 2012
Euro tumbles as Asian funds shun EU chaos
The single currency has been sliding relentlessly since the European Central Bank cut its discount rate to zero last week, triggering an exodus of money market funds, but has now broken key resistance levels watched by technical analysts.
July 13, 2012
Greek unemployment rate at new record of 22pc
Greek unemployment hit a record 22.5pc in April and may keep edging higher, with even the key tourism sector unlikely to provide more than fleeting support over the summer as visitors stay away from the recession-hit country.
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