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World Bank President Zoellick speaks at a news conference

World Economy in Danger Zone: World Bank Chief

World Bank President Robert Zoellick said on Wednesday the world had entered a new economic danger zone and Europe, Japan and the United States all needed to make hard decisions to avoid dragging down the global economy.

World economy in danger zone: Zoellick

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World Bank President Robert Zoellick said on Wednesday the world had entered a new economic danger zone and Europe, Japan and the United States all needed to make hard decisions to avoid dragging down the global economy.

World Bank head says world economy in danger zone

IBTimes Logo
World Bank President Robert Zoellick said on Wednesday the world had entered a new economic danger zone and Europe, Japan and the United States all needed to make hard decisions to avoid dragging down the global economy.
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China to pump $47 bln into Tibet to 2015

The Chinese government will pump 300 billion yuan ($47 billion) into restive Tibet over the next five years, with 90.5 billion yuan to finance roads, railways, hydropower stations and other infrastructure, state media said on Wednesday.
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Clearwire, China Mobile team up on 4G

China Mobile Communications Corp and Clearwire Corp (CLWR.O) have teamed up to develop high-speed mobile devices and infrastructure, potentially giving the cash-strapped U.S. 4G operator a technological boost.
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Indosolar in talks with China's GCL for $2 billion solar deal

Indian solar photo-voltaic (PV) cellmaker Indosolar Ltd is in talks with Chinese polysilicon maker GCL-Poly Energy Holdings to tie up a new 4-year solar wafer supply deal, which could be worth up to $2 billion, its chief executive told Reuters on Wednesday.
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Silvercorp dismisses allegations, shares bounce up

China-focused miner Silvercorp (SVM.TO: Quote) offered a detailed rebuttal of new anonymous allegations of fraud on Wednesday, releasing figures on tax, production and assay grades to fend off an attack from short-sellers.

BRICS give lukewarm response to Brazil euro plan

Brazil's proposal to support the crisis-hit euro zone garnered only lukewarm support from fellow BRICS countries on Wednesday, as doubts mounted whether the five emerging market powers have the political will or financial clout to throw a lifeline to Europe.
Gold bar

Gold Down After Day of Pro Eurozone Developments

Gold prices settled moderately lower Wednesday after a string of European developments during the trading session boosted investor hope that the continent's sovereign debt crisis is finally getting the attention it requires.
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Zoellick: World economy in new danger zone

The head of the World Bank said Wednesday the world had entered a new economic danger zone and that Europe, Japan and the United States all need to make hard decisions to avoid dragging down the global economy.
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Zoellick says world economy in new danger zone

The head of the World Bank said Wednesday the world had entered a new economic danger zone and that Europe, Japan and the United States all need to make hard decisions to avoid dragging down the global economy.
Gaddafi

US shows flag in Tripoli, pledges support

The United States gave Libya's new rulers a very visible show of support on Wednesday when a senior envoy visited the capital and praised their efforts to assert control of armed groups three weeks after Muammar Gaddafi was overthrown.
U.S. Economy

5 Factors that Could Lead to a Slow-Growth U.S. Economy

It's a scenario that many Americans, if not most, probably do not want to hear about: the United States enters an era called a new normal slow-growth economy -- perhaps for as long as a decade. What are the factors likely to cause it? And is there anything that can prevent it?
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Silvercorp Shares Extend Losses

Shares of China-focused Silvercorp Metals slipped again on Wednesday, a day after more short-sellers publicized a string of allegations against the company.

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