The Executive Board of the International Monetary Fund (IMF) today completed the second review of Ghana’s economic performance under the program supported by an Extended Credit Facility (ECF) arrangement.1 Completion of the review enables the disbursement of SDR 83.025 million (about US$114.6 million), bringing total disbursements under the arrangement to SDR 249.075 million (about US$343.7 […]
With the 15-year cycle of the anti-poverty Millennium Development Goals (MDGs), the United Nations officially will usher in with the commencement of 2016 – an even more ambitious set of goals to banish a whole host of social ills by 2030. “The seventeen Sustainable Development Goals (SDGs) are our shared vision of humanity and a […]
Geneva, Switzerland, – Over 2,500 leaders from business, government, international organizations, civil society, academia, media and the arts will participate in the 46th Annual Meeting of the World Economic Forum in Davos-Klosters, Switzerland, on 20-23 January. The theme of the Meeting is “Mastering the Fourth Industrial Revolution”. Earlier Industrial Revolutions advanced human progress through new […]
Beijing, – JPMorgan Chase & Co. (NYSE: JPM) announced today its Strategic Cooperation Agreement with Postal Savings Bank of China (PSBC), the largest unlisted bank and the sixth largest commercial bank in China in terms of assets. The two banks also signed a Securities Purchase Agreement and an Investors Rights Agreement. The agreement encompasses multiple […]
FAIRFIELD, Conn. – GE (NYSE: GE) has signed an agreement to sell its equipment lending and leasing business in Mexico to Linzor Capital Partners, a leading pan-regional private equity firm that focuses on Latin American middle market investments. The transaction includes employees of the business and represents aggregate GE ending net investment (ENI) of approximately […]
The Eurogroup welcomes the agreement that has been reached between Greece and the European Institutions, with input from the IMF, on the policy conditionality underlying the new ESM macroeconomic adjustment programme. The Eurogroup commends the Greek authorities for their demonstrated strong commitment as shown by the normalisation of the working methods with the Institutions and […]
The G20 Leaders’ Communiqué says global growth is “uneven and continues to fall short of our expectations, despite the positive outlook in some major economies”. It cites among the major challenges, geopolitical issues, uncertainties in financial markets, shortfall in demand, structural problems and slow productivity growth. Leaders have responded to these challenges by reiterating their […]
9/11/2015- A further sharp downturn in emerging market economies and world trade has weakened global growth to around 2.9% this year – well below the long-run average – and is a source of uncertainty for near-term prospects, says the OECD. In its latest twice-yearly Economic Outlook, the OECD projects a gradual strengthening of global growth […]
FOSTER CITY, Calif. & LONDON–(BUSINESS WIRE)– Visa Inc. (NYSE: V) and Visa Europe Ltd. today announced a definitive agreement for Visa Inc. to acquire Visa Europe, creating a single global company. The transaction consists of upfront consideration of €16.5 billion with the potential for an additional earn-out of up to €4.7 billion payable following the […]
SAN FRANCISCO, In a move that will help reduce expenses for U.S. small businesses that are doing business internationally, Wells Fargo (NYSE: WFC) today announced it has removed its foreign transaction fees on all business credit card and business line of credit access card transactions made outside the U.S. effective October 1. With this change, […]
