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.
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.
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.
Christine Lagarde won the support of emerging-market nations for her successful bid to become managing director of the International Monetary Fund by promising them greater influence at the global lender. Now she’ll be under pressure to deliver.
Woodside Petroleum Ltd. may try to lure an executive away from Royal Dutch Shell Plc , Chevron Corp. , BHP Billiton Ltd . or BP Plc to run the company after Don Voelte steps down as chief this year, analysts said.