India's Central bank has hiked interest rates in a bid to tackle inflation which is at its highest rate in over a decade. But as Anjana Pasricha reports from New Delhi, there are fears the measure will slowdown growth in one of the world's fastest g...
Israeli forces on the occupied West Bank raided the Nablus city hall, Wednesday, in the latest move in a wide-ranging crackdown against the Islamist Hamas movement in cities across the West Bank. VOA's Jim Teeple has details from our Jerusalem Burea...
After steadily cutting interest rates for much of the past year, the U.S. central bank has decided to keep them unchanged, while signaling concerns about inflation that could trigger interest rate hikes in the future. VOA's Michael Bowman reports fr...
By Lisa Bryant Paris 15 May 2008 French banking giant Credit Agricole says it will sell billions of dollars in assets to deal with subprime losses by its investment arm. From Paris, Lisa Bryant reports the new financial blow adds to the economic worr...
By Robert Berger Jerusalem 03 May 2008 The Palestinian Authority has launched a new security initiative in the West Bank. The move, which coincides with a U.S. peace mission to the Middle East, has been met with Israeli skepticism. Robert Berger repo...
By Robert Berger Jerusalem 27 April 2008 The World Bank is accusing Israel of stifling the Palestinian economy. As Robert Berger reports from VOA's Jerusalem bureau, Palestinian economic development has clashed with Israeli security considerations. A...
By Tom Rivers London 21 April 2008 Britain's central bank, the Bank of England, has announced a plan aimed at preventing the unfolding international credit crisis from causing more damage to the British economy. Under the deal, lending institutions w...
By Mil Arcega Washington 11 April 2008 World Bank President Robert Zoellick says the escalating price of food is stunting opportunities and creating hardship for people in poor countries. The international lending organization says it aims to double...
By Barry Wood Washington 02 April 2008 The head of the U.S. central bank, Ben Bernanke, told a congressional committee the U.S. economy could face a mild recession, but it should recover later this year. VOA's Barry Wood reports. Federal Reserve Chai...
By Uma Ramiah Dakar 20 March 2008 The Saudi-based Islamic Development Bank is trying to help the most impoverished member countries of the Organization of the Islamic Conference, which held a summit last week in Senegal. Most of the poorer countries...