Kevin Gallagher News
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The competition between the world’s two biggest economies for influence in Latin America is on display this week as U.S. Vice President Joe Biden visits Rio de Janeiro today near the end of a three-nation tour of the region with Chinese President Xi Jinping close behind.
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The selection of Brazil’s Roberto Azevedo as the next head of the World Trade Organization may help ease emerging markets’ resistance to removing barriers as part of global trade talks.
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Some African nations are planning to nominate Nigeria’s Finance Minister Ngozi Okonjo-Iweala to become president of the World Bank, an official on the lender’s board of directors said.
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Kinder Morgan Inc., the energy- pipeline company whose owners include the Carlyle Group and Goldman Sachs Group Inc ., raised $2.9 billion in the biggest private equity-backed U.S. initial public offering.
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Jim Yong Kim, the physician and Dartmouth College president tapped by the U.S. to run the World Bank, represents a break from the financiers and bureaucrats who have run the lender.
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The International Monetary Fund endorsed nations’ use of capital controls in certain circumstances, making official a shift, which has been in the works for three years, that will guide the fund’s advice.
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French Finance Minister Christine Lagarde, vying for the leadership of the International Monetary Fund, pledged to be impartial toward European nations seeking aid and to give emerging economies greater influence.
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Kinder Morgan Inc., the energy- pipeline company whose owners include the Carlyle Group and Goldman Sachs Group Inc., gained 3.5 percent in its first day of trading after expanding its initial public offering.
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Edelmina Flores thanks God and Hugo Chavez for her apartment in a new housing complex in the Venezuelan president’s home state of Barinas. She might also want to thank the Chinese government.
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Mexican central bank Governor Agustin Carstens , nominated to lead the International Monetary Fund, criticized European nations for publicly backing French Finance Minister Christine Lagarde before all the candidates are known.
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