Yellen rejects World Bank capital increase; no challengers to U.S. nominee to lead lender
By David Lawder, Kanishka Singh and Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Wednesday rejected the idea of a near-term capital increase for the World Bank and said she expected U.S. nominee Ajay Banga to win election as the bank’s next leader, with no challengers emerging as the nomination period closed. …