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• U.S. World Bank pick to win broad support: Geithner
• Exclusive: Shell scrambles to pay huge bill for Iran oil
• U.S. seeks more interest in Alaska offshore drilling
• BATS exchange withdraws IPO after stumbles
• Former Goldman Sachs executive seeking book deal: NY Times
• China's CCB posts higher Q4 profit, loan quality worsens
• Korea Q2 mfg business sentiment rebounds: survey
• Venezuela to pay $420 million to Williams and Exterran
• Kuwait names new central bank governor
• 'Hunger Games' battles to $155M opening weekend
• Senators ask feds to probe requests for passwords
• Iraq oil exports, revenues decline in February
• Japan and Canada to start free trade talks
• Feds say Wells Fargo won't turn over documents
• Porsche recalling 1,200 sports cars for fuel leaks

U.S. World Bank pick to win broad support: Geithner Posted: WASHINGTON (Reuters) - Jim Yong Kim, the U.S. nominee to lead the World Bank, will win broad international support despite an unprecedented challenge by candidates from emerging economies, U.S. Treasury Secretary Timothy Geithner said in an interview. Washington's hold on the World Bank presidency is being contested for the first time by candidates from emerging economies. Two respected economists and diplomats, Nigerian Finance Minister Ngozi Okonjo-Iweala and former Colombian finance minister Jose Antonio Ocampo, have been nominated. ...

Exclusive: Shell scrambles to pay huge bill for Iran oil Posted: LONDON (Reuters) - Royal Dutch Shell is struggling to pay off $1 billion that it owes Iran for crude oil because European Union and U.S. financial sanctions now make it almost impossible to process payments, industry sources said. Four sources said the oil major owes a large sum to the National Iranian Oil Co (NIOC) for deliveries of crude, with one putting the figure at close to $1 billion. A debt of that size would equate to roughly four large tanker loads of Iranian crude or about 8 million barrels. ...

U.S. seeks more interest in Alaska offshore drilling Posted: WASHINGTON (Reuters) - The Obama administration on Saturday said it would again gauge interest from the oil and gas industry to explore federal waters off the Alaska coast, another bid to expand domestic energy production as gas prices soar and political pressure grows. The Interior Department said it would again issue an official request for drilling interest in potential development leases in federal waters in Cook Inlet off the south-central coast of Alaska. A federal lease sale for that area a year ago was canceled because of lack of interest. ...

BATS exchange withdraws IPO after stumbles Posted: NEW YORK (Reuters) - In a breakdown that resembled a mini version of the 2010 "flash crash," a series of glitches hit the market debut of BATS Global Markets Inc on Friday, causing the company to take the extremely rare step of withdrawing its initial public offering of shares. The problems caused the shares of exchange operator BATS to plunge from their $16 offering price and briefly trade for less than a penny on Friday morning, creating havoc in the marketplace and again calling into question the stability of high-speed trading. ...

Former Goldman Sachs executive seeking book deal: NY Times Posted: CHICAGO (Reuters) - Greg Smith, the former Goldman Sachs executive who resigned this month and condemned the investment bank in a scathing New York Times opinion column, is seeking a deal to write a book about his experience there, the newspaper reported. Smith met with several publishers this week, the newspaper said, citing anonymous sources familiar with the talks. "According to several people who were present, Mr. ...

China's CCB posts higher Q4 profit, loan quality worsens Posted: HONG KONG (Reuters) - China Construction Bank , the world's No.2 lender valued at $193 billion, joined smaller rival AgBank in reporting earnings lower than the market had expected as China's slowing growth squeezes its top lenders. October-December net profit rose 23 percent to 30.25 billion yuan ($4.8 billion), according to Reuters calculations from full-year numbers. Full-year profit was up 25 percent at 169.3 billion yuan, just shy of a mean estimate for 170 billion yuan from 25 analysts surveyed by Thomson Reuters I/B/E/S. ...

Korea Q2 mfg business sentiment rebounds: survey Posted: SEOUL (Reuters) - Business sentiment among South Korean manufacturers in the second quarter snapped a nearly two-year-long slide to pick up from the previous three months, a private survey showed on Sunday. The rebound boded well for Asia's fourth-largest economy, but the index stayed below a point separating improvement from deterioration for a third consecutive quarter, the Korea Chamber of Commerce and Industry data showed. The manufacturers' business sentiment index rebounded to 99 for the April-June period from 77 for the first quarter. ...

Venezuela to pay $420 million to Williams and Exterran Posted: GUIRIA, Venezuela (Reuters) - Venezuela will pay Williams Cos Inc and Exterran $420 million for the 2009 nationalization of assets including a major gas injection project, the South American country's oil minister said on Friday. Oil Minister Rafael Ramirez told reporters the deal meant the two companies would drop an arbitration case that is pending against Venezuela before a World Bank tribunal. "We reached an agreement of $420 million. They will drop the arbitration. They had been asking for $1.2 billion," he said. ...

Kuwait names new central bank governor Posted: Kuwait is promoting the central bank's deputy governor to the institution's top spot following the resignation of its long-serving leader last month, the finance minister announced Sunday.

'Hunger Games' battles to $155M opening weekend Posted: "The Hunger Games" has filled fan appetites with a $155 million opening weekend that puts it near the top of the domestic record book.

Senators ask feds to probe requests for passwords Posted: Two U.S. senators are asking Attorney General Eric Holder to investigate whether employers asking for Facebook passwords during job interviews are violating federal law, their offices announced Sunday.

Iraq oil exports, revenues decline in February Posted: Iraq's oil ministry says oil exports in January have declined by nearly 4.5 percent compared to the previous month.

Japan and Canada to start free trade talks Posted: Japan and Canada agreed Sunday to formally start talks aimed at forging a free trade agreement between the two countries.

Feds say Wells Fargo won't turn over documents Posted: Federal securities regulators are asking a federal court to order Wells Fargo & Co. to turn over documents in an investigation of the bank's sale of $60 billion in mortgage-backed securities.

Porsche recalling 1,200 sports cars for fuel leaks Posted: Porsche is recalling more than 1,200 of its 911 Carrera S sports cars because a fuel line can come loose and cause a fire.

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