The World Bank lowered its 2013 and 2014 economic growth forecasts for China and most of developing East Asia on Monday, citing slower growth in the world’s most populous nation as well as weaker commodity prices that have hurt exports and investments in countries such as Indonesia. “Developing East Asia […]
Author: InvestAdvocate
Effective Risks Management Panacea to End Poverty-World Bank Report
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Effective risks management is a critical ingredient in the fight to end poverty, says a new report from the World Bank Group. According to the World Development Report (WDR) 2014, titled-Risk and Opportunity – Managing Risk for Development says better risk management can unlock opportunities, […]
Asian shares, dollar, oil dip as U.S. shutdown drags on
Asian shares, oil prices and the dollar came under pressure on Monday as politicians in Washington showed no signs of making progress to resolve the U.S. budget standoff, while safe-haven gold inched higher. Financial bookmakers expected European shares .FTSE .GDAXI .FCHI to follow Asia lower and open down between 0.4 […]