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Roubini praises Geithner

Nouriel Roubini, the economist most often identified as having predicted the crash, has complimented Tim Geithner for his performance as the United States treasury secretary and as head of the New York Federal Reserve.

Swine flu panic over at World Bank

The World Bank has said that employees could return to work on Friday after none of the staff exposed to a colleague thought to have contracted swine flu exhibited any symptoms.

Fed's Braunstein on financial-literacy efforts

Sandra Braunstein, the director of the division of consumer and community affairs at the Federal Reserve, has detailed to lawmakers the work of the central bank on financial literacy.

Trichet says shush on possible new tools

Jean-Claude Trichet, the president of the European Central Bank (ECB), has said that the Governing Council's omerta on interest rates a week before meetings must be extended to include possible additional tools that may be announced next Thursday.

SA expected to continue easing after 100bps

The South African Reserve Bank acted in line with market expectations on Thursday by cutting 100 basis points off its main rate - a move which it is now forecast to repeat in May after the governor signalled the economy was in recession.

Singapore warns on swine flu

Singapore's central bank said on Wednesday that swine flu will exacerbate the already severe downturn being felt by south-east Asia's most open economy.

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