Obama argues for strong financial watchdog agency

United States President Barack Obama on Saturday defended a consumer watchdog agency that would strengthen the regulation of Wall Street.

Castles in the sand

The biggest mystery of the Dubai debt crisis is not why this desert dream has turned into a nightmare, but why it took so long.

SA recovery lags global economy, says SARB

The recovery in the SA economy appears to be lagging behind that of the global economy, the SA Reserve Bank (SARB) said on Wednesday.

G20: Too early to end stimulus

Finance officials from rich and developing countries pledged on Saturday to maintain emergency support for their economies until recovery is assured.

Thank heavens for the downturn? Some people think so

One in four people are glad the economy slumped like it did, because it helped them realise their priorities in life, according to to a survey.

SA mines avoid mass job losses, says govt

SA's mining sector has shed close to 30 000 jobs due to the global economic downturn, but avoided greater losses, a senior official said.

SA recovery seen this year, says Reserve Bank

South Africa's economy may come out of recession later this year, the South African Reserve Bank's deputy governor says.

World Bank warns of wobble ahead for global economy

The global economy is on unsteady legs, the World Bank warned on Friday, saying that 2010 would be "a highly uncertain economic year".

IMF raises global growth forecasts

The IMF raised growth forecasts on Thursday as the global economy pulls out of a nosedive, but warned recovery faces stiff headwinds.

Cosatu feels credit pinch

Federation president admits to a declining membership that threatens to weaken its finances.

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