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...
By Naomi Martig Hong Kong 11 March 2008 Bank of Japan Deputy Governor Toshiro Muto is asking lawmakers in Japan's divided parliament to support his candidacy as central bank chief. As Naomi Martig reports from Hong Kong, opposition members in parliam...
By VOA News 04 March 2008 The head of the U.S. central bank says the current housing crisis in the United States demands a vigorous response. In a speech to a banking group in Florida, Federal Reserve Chairman Ben Bernanke said foreclosures and late...
By Tom Rivers London 03 March 2008 Britain's largest bank, HSBC, has written off $17.2 billion in bad debt after the U.S. housing market slide hit the value of its loans in 2007. The annual loss is the largest reported amongst Britain's big five mort...
By Barry Wood Washington 14 February 2008 In a rare joint appearance before a congressional committee Thursday, the U.S. treasury secretary and the head of the central bank said the U.S. economy has weakened but will probably avoid recession. VOA's B...
By Lisa Bryant Paris 04 February 2008 Embattled French bank Societe Generale faces new worries with a trial opening Monday in Paris over a vast money laundering scandal that took place several years ago. The trial implicates staff and the bank itself...
By Barry Wood Washington 10 January 2008 The head of the U.S. central bank, Ben Bernanke, said Thursday that the Federal Reserve will cut interest rates if the economy weakens further. VOA's Barry Wood reports. Bernanke said the housing market is con...