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DEVELOPMENT REPORT - World Bank and I.M.F. Approve Debt Relief for Poor Nations By Jill Moss Broadcast: Monday, October 03, 2005 I'm Jim Tedder with the VOA Special English Development Report. IMF Man

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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

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By Marissa Melton Washington 13 February 2007 U.S. Secretary of State Condoleezza Rice says the United States is canceling the multimillion-dollar debt owed to it by Liberia. Speaking at a Liberia donors conference in Washington Tuesday, she said she

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The head of the International Monetary Fund says economic recovery is still possible, but it is getting harder. In Washington, IMF Managing Director Christine Lagarde said Thursday that troubled economies have fewer resources now than at the start of

Europe Bank Leader Sees 'Intensified' Risks

The head of Europe's central bank says threats to the economy in the 17 nations that use the euro have sharply increased, and growth prospects have diminished. European Central Bank President Jean-Claude Trichet said Thursday that the euro-bloc count

French, German Leaders Agree on European Debt Plans

French and German leaders say they will present plans to stabilize the crisis-stricken eurozone by the end of the month. The agreement by Europe's two economic powerhouses comes ahead of a key Group of 20 summit early next month. At a news conference

Key European Banks Face Greek Debt Worries

Key European banks are facing new financial worries over their Greek debt holdings, with the Belgian-French bank Dexia struggling to avoid collapse. Shares of Dexia stock plummeted Tuesday to an all-time low of less than one euro (less than $1.32), e

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Jane找上司Vincent, 可不是为了工作。 Jane: (knock knock) Hi, Vincent...got a second? Vincent: Sure, Jane...come in. Grab a seat. What's on your mind? J: Well, I know this doesn't fall under your responsibilities, but I really need some advi

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Belgium Buys Subsidiary of Troubled Dexia Bank

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Greece and Spain faced new pressure Tuesday from the European debt crisis. The European Union bluntly told the Athens government it would not receive its next $11 billion installment from last year's bailout unless its fractious political leaders sig

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The president of the World Bank is warning the world's already troubled economic recovery is in even greater trouble. World Bank chief Robert Zoellick told The Weekend Australian newspaper the global economy has entered what he called a new and more