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Asia: Asia Business News, TV Channel News and Schedule. Information for the World's Business Leaders - Forbes.com. World business, finance, and political news from the Financial Times. Bloomberg - Business & Financial News, Breaking News Headlines. CNNMoney - Business, financial and personal finance news. New World Bank pick expected Monday - Apr. 15.
Ngozi Onkonjo-Iweala (left) and Jim Yong Kim.
NEW YORK (CNNMoney) -- The World Bank is expected to announce its next president on Monday, and for the first time ever, it's got a competition on its hands. Throughout its more-than-60-year history, the bank has been led by an American, part of a tacit agreement between the United States and its Western European allies. Europe, in turn, has maintained control of the top spot at the bank's sister organization, the International Monetary Fund.