US Federal Reserve Chairman Ben Bernanke said congressional proposals to audit the Fed and strip it of regulatory powers as part of post-crisis reforms could damage prospects for economic and financial health.
Abu Dhabi, capital of the UAE and one of the world's top oil exporters, will "pick and choose" how to assist Dubai, a senior Abu Dhabi official said Saturday.
European Commission President Jose Manuel Barroso unveiled the EU executive's new line-up on Friday, handing Finn Olli Rehn a key role overseeing monetary affairs as part of efforts to revive the European Union economy.
After years of secrecy, Switzerland's banking sector is having to face up to not only huge losses from the crisis, but also international pressure for more transparency. CNBC's Geoff Cutmore has this report.
News that Dubai's government-owned company, Dubai World was asking for a standstill on debt repayments sent shock waves across the world this week. Luis Costa from Commerzbank has analysis.