Robert Zoellick News
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Pacific Investment Management Co., home to the world’s biggest fixed-income fund, is shying away from risky assets as it sees a growing disconnect between the performances of financial markets and the global economy.
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President Barack Obama asked his nominees for Commerce secretary and trade ambassador to revive U.S. export growth as the administration’s goal of doubling overseas sales by the end of next year slips out of reach.
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After India banned exports of wheat in 2007, neighboring countries panicked and limited their grain sales, which pushed prices to records and sparked food riots from Egypt to Haiti for the next year.
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World Bank President Robert Zoellick said the global economy faces risks from inflation, sovereign-debt woes and rising food and energy prices.
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Countries from China to the U.S. may be willing to support Europe through the International Monetary Fund if the region’s policy makers agree on a plan to stem their debt crisis, World Bank President Robert Zoellick said.
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Fears that quantitative easing by the U.S. will lead to a surge in capital flows to emerging markets have been overblown, World Bank President Robert Zoellick said.
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The odds of another recession in the U.S. have increased as European Union nations struggle to tame the region’s sovereign debt crisis, World Bank President Robert Zoellick said.
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World Bank President Robert Zoellick said the U.S. must find a way to reduce the growth in Social Security and Medicare payments to solve its budget woes.
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World Bank President Robert Zoellick indicated that risks to the global economy are intensifying, with the euro region’s outlook dependent on European leaders making the right decisions.
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Katy Perry may have been banned from China’s music websites, but her “Teenage Dream” now has its Asian counterpart. Newly confirmed in office, President Xi Jinping, has chosen “Chinese Dream” as his signature phrase to describe the direction of his administration.
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