U.S.'s World Bank nominee heads to Russia, Peru

WASHINGTON (Reuters) - The U.S. nominee to take over leadership of the World bank, Jim Yong Kim, is heading to Moscow and to Lima, Peru, on April 12-17 to seek support for his candidacy, the Treasury Department said on Thursday. Kim, a public-health expert and former president of Dartmouth College, has already been in Asia and parts of Latin and Central America to meet finance chiefs. On Wednesday, he was interviewed by World Bank directors. Two other candidates also are vying to succeed the current World Bank president, Robert Zoellick, when he steps down. ...

Dubai Group restarts $10 billion debt talks: sources

DUBAI (Reuters) - Dubai Group, part of the investment vehicle headed by Dubai's ruler, has proposed a new solution to its $10 billion debt problem, sources said, reviving talks that stalled more than two months ago. The company wants to pay as little as 1 percent interest for an extension of its debt of up to 12 years, sources told Reuters on Thursday. ...