China's central bank skips open market o...

BEIJING, April 10 (Xinhua) -- China's central bank continued to skip open market operations on Wednesday, citing abundant liquidity in the banking system.The People's Bank of China said liquidity has

David Malpass takes office as World Bank...

David Malpass on Tuesday took office as the president of the World Bank Group, and said he looks forward to undertaking the task with enthusiasm. Malpass made his debut as the 13th president of the

David Malpass takes office as World Bank...

WASHINGTON, April 9 (Xinhua) -- David Malpass on Tuesday took office as the president of the World Bank Group, and said he looks forward to undertaking the task with enthusiasm. Malpass made his debu

IFC to lend 100 mln USD to Kenyan bank t...

NAIROBI, April 9 (Xinhua) -- International Finance Corporation (IFC), the private sector arm of the World Bank Group, will extend a 10 billion shillings (100 million U.S. dollars) subordinated loan t

China's central bank continues to skip o...

File photo: A passer-by walks past the headquarters of the People's Bank of China in Beijing. (Xinhua/Zhang Chunlei) China's central bank continued to skip open market operations for the 14th conse

China's central bank continues to skip o...

BEIJING, April 9 (Xinhua) -- China's central bank continued to skip open market operations for the 14th consecutive trading day on Tuesday, citing abundant liquidity in the banking system. The People

Bank robbers kill at least 7 in Nigeria

LAGOS, April 8 (Xinhua) -- At least seven people were killed following a robbery attack on a commercial bank in Ondo state in southwest Nigeria, eye witnesses and local officials said on Monday.Eye w

UN says supports establishment of Arab b...

BEIRUT, April 8 (Xinhua) -- The visiting UN deputy chief said on Monday that the United Nations supports Lebanon's call for the establishment of an Arab bank for reconstruction and development, accor

Standard Chartered Bank launches innovat...

NAIROBI, April 8 (Xinhua) -- Standard Chartered Bank Kenya on Monday launched an innovation hub to boost financial technology (fintech) companies in Africa. Kariuki Ngari, chief executive officer Sta

France's central bank keeps quarterly gr...

PARIS, April 8 (Xinhua) -- France's central bank, Banque de France (BdF), said on Monday it expects a 0.3-percent growth over the first three months of 2019, confirming a previous estimation. At the