POWER TRIO: WorldBankpresidentRobertZoellick, centre, Richard Woolcott, Australia’s former secretary of the Department of Foreign Affairs and Trade, left, and Kishore Mahbubani, dean of the Lee Kuan Yew School of Public Policy, National University …
Read Original Story: Asian economies warned on stimulus exit – Business Day
SINGAPORE (MNI) – Asia is at greater risk of asset bubbles forming and spikes in inflation compared with slower growing economies like the US and Europe, and central banks in the region have to be wary of such risks, WorldBankPresidentRobert…
Read Original Story: World Bank Zoellick: Greater Risk of Asset Bubbles in Asia – Market News International
WorldBankPresidentRobertZoellick has expressed his concerns that high unemployment will cause even more mortgage loan defaults in 2010. He feels that the high levels of unemployment are likely to cause delinquencies in credit cards and many home …
Read Original Story: Unemployment Could Cause Even More Mortgage Loan Defaults in 2010 – Subprime Blogger
The WorldBankPresident, RobertZoellick, has warned the US dollar may lose its role as a reserve currency if the Washington fails to tackle its huge fiscal deficit. He made the comments at the APEC summit in Singapore on Wednesday. …
Read Original Story: World Bank urges US to tackle deficit – CCTV
SINGAPORE, Nov 11 (Reuters) – WorldBankPresidentRobertZoellick said on Wednesday the world needed a cooperative approach to exit from easy fiscal and monetary policies and the timing for Asian central banks would depend on markets. …
Read Original Story: World Bank: need to cooperate on easy policy exit – Reuters
WorldBank (WB) presidentRobertZoellick warned that the US dollar may lose its position as the world’s predominant reserve currency if the problems of trade and budget deficits in the US were not solved. He made the remark Wednesday at a conference …
Read Original Story: WB president warns dollar's position – Global Times
From Thursday’s Globe and Mail Published on Thursday, Nov. 12, 2009 12:00AM EST Last updated on Thursday, Nov. 12, 2009 3:06AM EST The once-distant warning bells of new financial bubbles in the making in Asia and elsewhere are getting louder. …
Read Original Story: Bubble trouble: Policy makers strike warning note – Globe and Mail
Singapore: The global economy faces risks next year as rising unemployment may hurt banks and asset bubbles in Asia could undermine confidence, WorldBankpresidentRobertZoellick said on Wednesday. The good news is financial markets have broken the …
Read Original Story: World economy faces bank, bubble risks, says Zoellick – Livemint
The global economy must be wary of bubble and credit risks in 2010 as central banks around the world begin removing stimulus, warned WorldBankPresidentRobertZoellick yesterday (Wednesday). Speaking to the press at the Singapore…
Read Original Story: Removal of Stimulus Packages Next Year Poses Bubble, Credit Risks Says World … – Money Morning
SINGAPORE — Stubbornly high joblessness threatens to trigger loan defaults and drag on consumption next year, hobbling a US economy struggling to rebound from recession, WorldBankPresidentRobertZoellick said Wednesday. Zoellick warned that the US …
Read Original Story: World Bank warns unemployment threatens US economy – The Associated Press
