Business

The World Bank will recommend reforms to China’s domestic financial system as part of broader proposals to help wean the country from a dependence on exports to sustain economic growth, World Bank President Robert Zoellick said on Saturday.

Four painful years after the Great Recession struck and wiped out 8.7 million jobs, the United States may finally be in an elusive pattern known as the virtuous cycle — an escalating loop of robust job growth, healthier spending and higher demand.

The Securities and Exchange Commission will stop letting companies and individuals say they “neither admit nor deny” wrongdoing in a civil case when they admit to related criminal charges.

The Central Bank’s “complacency” caused Clico Investment Bank’s (CIB) collapse, said its former chairman Mervyn Assam.

industrial court in Nigeria ordered unions to stop a planned nationwide strike over spiraling gasoline prices, giving authorities legal power to break up any work stoppages by labor groups.

First Citizens Asset Management is boasting that it has more than $10 billion under management, which was achieved because of its belief in maintaining and improving good corporate governance standards, says interim chairman Rishi Baddaloo.

Overall market activity resulted from trading in eight securities of which three advanced, three declined and two traded firm.

As more Central American countries opt out of the Caribbean Basin Initiative (CBI) trade pact with the United States, more Caribbean Community (Caricom) countries are witnessing export surges.