Bulgaria's Georgieva to take senior World Bank job, leaving EU
- S&P little changed as energy weighs but financials edge up
- Nestle Said Examining Takeover of Mead Johnson (MJN) - Source
- Fed's Yellen says 'makes sense' to gradually raise interest rates
- UPDATE: Fed Beige Book: Wages gain modestly in most areas amid tight job market
- Mallinckrodt (MNK) Announces FTC Settlement
European Budget and Human Resources Commissioner Kristalina Georgieva holds a news conference after a meeting of the EU executive body in Brussels, Belgium, July 27, 2016. REUTERS/Francois Lenoir/File Photo
Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here.
BRUSSELS (Reuters) - Bulgaria's European commissioner Kristalina Georgieva, who unsuccessfully sought the post of United Nations Secretary-General in September, has been named as chief executive of the World Bank.
The European Commission said on Friday that Georgieva, a vice-president at the EU executive who is responsible for the EU's budget, will resign and take up her new job in January.
Germany's Gunther Oettinger, the European commissioner responsible for digital economy policy, will take over the portfolio, which will handle talks on how to manage the EU's budget after Britain leaves the European Union.
(Reporting by Robin Emmott)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Obama says new ties with Cuba made 'wet-foot, dry-foot' policy obsolete
- Slapping ex-PM Valls gets French teenager three-month suspended sentence
- Germany says boosting defense spending, demands clear U.S. agenda
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!