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World Bank Group to finance $1bn for Indias solar growth
2016-07-05 01:00:00| Power Technology
The World Bank Group has signed an agreement with International Solar Alliance (ISA) to finance more than $1bn in support expansions of solar generation capacity.
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Italy's Monte dei Paschi Siena bank hit by loan fears
2016-07-04 14:41:23| BBC News | Business | UK Edition
Shares in Italy's third-biggest bank, Monte dei Paschi di Siena, slump after the European Central Bank tells it to reduce its debt burden.
World Bank, India Sign $1 Billion Solar Power Deal
2016-07-02 03:16:00| Climate Ark Climate Change & Global Warming Newsfeed
International Business Times: The World Bank Group and India signed an agreement Thursday for over $1 billion that the worlds second-most populous country will receive to develop its solar power generation. India, which currently has just over 7GW of installed solar capacity, has announced ambitious plans to increase it to 100GW by 2022. With its climate, the South Asian country has the potential to generate a large amount of solar power, and has increased its installed capacity significantly in the recent years, up from...
World Bank commits USD 1 bn for solar projects in India
2016-07-01 04:59:00| Climate Ark Climate Change & Global Warming Newsfeed
Times Of India: Multi-lateral lender World Bank today announced funding support of USD 1 billion for expansion of solar power capacity in India. It also signed an agreement with the International Solar Alliance (ISA), consisting of 121 countries led by India, to collaborate on increasing solar energy use across the world, with a goal of mobilising USD 1 trillion in investments by 2030. The pact, which was signed in the presence of Finance Minister Arun Jaitley, Power Minister Piyush Goyal and visiting World...
Pound falls as Bank of England hints at fresh stimulus measures
2016-06-30 18:28:49| BBC News | Business | UK Edition
The pound falls as Bank of England governor Mark Carney says it is likely "some monetary policy easing" will be required in response to the Brexit vote.
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