Zoellick chosen as new World Bank head, reports say
Last Updated: Tuesday, May 29, 2007 | 5:37 PM ET
CBC News
Related
Internal Links
Robert Zoellick, a former U.S. chief trade negotiator and the former deputy U.S. secretary of state, will be the next president of the World Bank, several news agencies reported Tuesday.
Zoellick is currently with the investment bank Goldman Sachs.
The official announcement by U.S. President George Bush is expected to come Wednesday.
Zoellick would replace Paul Wolfowitz, who steps down on June 30.
Wolfowitz resigned amid mounting pressure following the May 14 release of a report from a special bank panel that found he broke the institution's rules when he arranged a pay raise for his girlfriend, Shaha Riza.
The president of the World Bank is traditionally a U.S. appointee.
With files from the Associated PressShare Tools
Top News Headlines
- Athens burns as Greece bailout passed
- Riots engulfed central Athens and at least 10 buildings went up in flames in mass protests late Sunday as lawmakers prepared for a parliamentary vote on harsh austerity measures aimed at keeping the country solvent. more »
- Quebec town 'heartbroken' after killing of woman, sisters
- A small Quebec town is in mourning Sunday after a Quebec man was charged with killing his nieces and his mother, who were found dead in their family home. more »
- Whitney Houston's body set for autopsy
- Investigators worked Sunday to piece together what killed Whitney Houston as the music industry's biggest names prepared for a Grammy Awards show that will undoubtedly feel as much like a memorial as a celebration. more »
- Musicians who died before their time
- The growing list of musicians who have died young. more »
Latest Business Headlines
- Air Canada reaches tentative deal with dispatchers
- Air Canada has reached a tentative collective agreement with the Canadian Airline Dispatchers Association, representing the airline's 74 flight dispatchers. more »
- Old Age Security untouched until 2020, Flaherty says
- Finance Minister Jim Flaherty says Canadians should expect no changes to Old Age Security benefits before 2020 or 2025, and details about reform would be outlined over more than one budget. more »
- CAW questions Caterpillar takeover of Electro-Motive
- The head of the Canadian Auto Workers is suggesting Caterpillar Inc. may not have followed foreign takeover rules in its 2010 purchase of the London, Ont., locomotive plant it has since shut down. more »
- Canada's trade surplus doubles in December
- Statistics Canada says exports rose 4.5 per cent in December and imports edged up 0.8 per cent, pushing the country's trade surplus with the rest of the world to $2.7 billion from $1.2 billion in November. more »
Lang & O'Leary Exchange
Markets
| Index | Last Trade | Change |
|---|---|---|
| TSX COMPOSITE | 12389.42 | -108.52 |
| DOW | 12801.23 | -89.23 |
| NASDAQ | 2903.88 | -23.35 |
| SP 500 | 1342.64 | -9.31 |
| NYSE COMPOSITE | 7992.05 | -89.2 |
| AMEX | 2417.98 | -18.65 |
| TSX-VENTURE | 1653.55 | -11.27 |
The data on this site is informational only and may be delayed; it is not intended as trading or investment advice and you should not rely on it as such.
Business Features
- Pop queen Whitney Houston dies at 48
- Whitney Houston's body set for autopsy
- Athens burns as Greece bailout passed
- Carleton University confirms death of student
- Ultimate Tazer Ball combines shock and soccer
- Whitney Houston's death sparks chorus of grief
- Adults-only trade show cancelled in B.C. Bible belt
- Quebec man charged with killing mother, 2 nieces
- Attawapiskat receives first modular home
