The United States has picked a public health expert of South Korean origin as its candidate for the World Bank presidency, a job emerging market economies are contesting for the first time.
President Barack Obama will nominate Jim Yong Kim, president of Dartmouth College in New Hampshire and former director of the Department of HIV/AIDS at the World Health Organization, a senior administration official said on Friday. The White House would [...]
The United States faces a brewing battle over who will lead theWorld Bank as one of its reported candidates ruled the job out and insurgent candidate Jeffrey Sachs won developing country support.
With the March 23 deadline looming for nominations to succeed president Robert Zoellick, Washington — which has always put an American at the helm — had narrowed the field to three, according to a source close to the Bank.
The administration of President Barack Obama is [...]
(Reuters) – The World Bank on Friday launched the nomination process to select a new president to succeed Robert Zoellick when he steps down in June, inviting names from any of its 187 member countries.
The board said in a statement nominations had to be submitted by March 23 and it hoped to select its top choice by the time of the World Bank and IMF meetings in April.
It said it [...]
New Zealand consumer confidence slipped in February, as the economic outlook dimmed, with households feeling less optimistic about their financial well-being.
The ANZ-Roy Morgan Consumer Confidence measure eased to 113.3 in February from 116.1 in January. The current conditions index posted a 4 point decline to 109.8, while the future conditions index eased 1.9 points to 115.7..
There are still earthquakes in/around and offshore Christchurch…
AU is for 80+% depending Mainland China…Please check [...]
Greek 2-Year Bond Yields Rise Back Above Pre-Bailout Levels
U.S. Banks Facing Main Street Squeeze as Economy Saps Earnings
Japan Unveils $100 Billion Effort to Cope With Yen’s Strength
City plans to cut 800 public school workers for school year as budget (NY)
Emanuel criticizes ‘tax scheme’ (Chicago)
David McAlvany in Argentina: Protect Yourself from the Horrible Consequences of Government Mismanagement (Audio)
Muni Bond Market Emerging as States Struggle to Repay Loans: Mexico Credit
Central Banks [...]
The biggest global banks are cutting jobs at the fastest rate since 2008 as a weak U.S. economy squeezes revenue, regulators push firms to hold more capital and companies restructure businesses to improve profitability.
The 50 largest banks, including HSBC Holdings Plc (HSBA), Credit Suisse Group AG (CSGN) and Bank of America Corp. (BAC), disclosed plans for almost 60,000 reductions since Jan. 1, according to company statements and data compiled by [...]
(Reuters) – Secretary of State Hillary Clinton has been in discussions with the White House about leaving her job next year to become head of the World Bank, sources familiar with the discussions said Thursday.
The former first lady and onetime political rival to President Barack Obama quickly became one of the most influential members of his cabinet after she began her tenure at State [...]