Bloomberg The World Bank (WB) kept its outlook for the global economy unchanged, forecasting a modest pickup in growth despite uncertainty about monetary policy and the risk of a surge in protectionism. The development lender projects the world economy will grow by 2.7 percent this year and 2.9 percent the next, the same as its January forecast. “Global activity is …

Bloomberg Ireland’s drive to recoup money from the bank rescue that almost bankrupted the nation is finally gaining pace. The Irish government started the process of selling 25 percent of Allied Irish Banks Plc, (AIB) after spending 21 billion euros ($23.5 billion) bailing out the lender following the 2008 financial crisis. In comments aired on Wednesday, Finance Minister Michael Noonan …

Bloomberg JPMorgan Chase & Co.’s Chief Executive Officer Jamie Dimon said China has made “huge progress” on market reforms and he would like to increase his firm’s businesses in the nation. The New York-based JPMorgan is hoping to get a corporate bond license in China and would consider another joint venture in Asia’s biggest economy, Dimon said in an interview …