.....the financial world today with a deal to acquire MBNA. MBNA is the largest independent issuer of credit cards in the world. If the deal goes through, Bank of America will pay about 35 billion dollars in cash and stock and wind up with about 20%...
By Ivana Kuhar Washington 11 July 2007 World Bank Governance report According to the World Bank, a number of countries are making progress in improving governance and fighting corruption. In a new report released Tuesday, the World Bank says good gov...
By Barry Wood Washington 10 July 2007 The Washington-based World Bank, the planet's biggest anti-poverty agency, has been in turmoil--its president forced out amid a staff revolt. VOA's economics correspondent Barry Wood reports that the bank--owned...
By David Gollust Washington 06 July 2007 Condoleezza Rice (file photo) The State Department says Secretary of State Condoleezza Rice will visit the Middle East and Africa in an overseas trip beginning July 16th. She will meet Israeli and Palestinian...
By Kurt Achin Seoul 14 June 2007 A Chinese official in Macau confirms North Korean funds have been transferred out of a bank there, en route to Pyongyang. The transfer removes a major obstacle in getting Pyongyang to fulfill its promise to begin dism...
By Barry Wood Washington 28 February 2007 Federal Reserve Chairman Ben Bernanke told Congress Wednesday regulators are closely watching U.S. markets following the huge drop in stock prices Tuesday. But U.S. stock markets rebounded early Wednesday on...
By Barry Wood Washington 14 February 2007 Federal Reserve Board Chairman Ben Bernanke told a Senate committee Wednesday that, while U.S. economic growth is moderating, inflationary pressures have receded. VOA's Barry Wood reports the central banker's...
By Mil Arcega Washington, DC 19 October 2006 watch ATM Theft Increasing Robberies involving A.T.M.s, or Automated Teller Cash Machines, are on the rise. In the Southwestern United States, law enforcement officials say there have been more than two d...
By Jim Teeple Jerusalem 04 September 2006 Israel's government says it intends to build 690 new homes in two West Bank settlements. Palestinian officials say the plan is a violation of the U.S.-backed road map peace plan. ----- The settlement constru...
By Barry Wood Washington 26 July 2006 The World Bank, based in Washington and owned by its 184 member governments, spends about $20 billion a year to promote economic development in poor countries. The Bank in recent years has stepped up its efforts...