Davos ends with recovery warning after banking bust-up

The world economy is recovering but remains fragile and dogged by huge deficits, top officials said on Saturday at the end of a Davos summit clouded by divisions over banking reform.

Bankers, govts discuss regulation at Davos forum

Bank executives met central bankers and government officials here on Saturday to discuss whether regulations should be imposed on financial markets.

Globalisation rules must take India, others on board: Sarkozy

India, Latin America and Africa must be taken on board while framing the rules for globalisation in the post-economic crisis scenario, French President Nicolas Sarkozy said at WEF`s annual meeting here.

Worst is over; bumps and opportunity go together: Premji

The outlook for global economy has turned positive this year and the worst is over even though the road ahead is full of challenges, Wipro Chairman and a co-Chair of the World Economic Forum Azim Premji has said.

Govt should not withdraw stimulus: Adi Godrej

Adi Godrej, chairman Godrej Group, in an interview said that he didn’t want the Indian government to withdraw stimulus announced in view of the last year’s global recession till a global recovery was clearly in sight.

Clinton’s summit more popular than Davos: Survey

Bill Clinton’s philanthropic summit was the most popular venue for chief executives in 2009, with the World Economic Forum in Davos, Switzerland, tumbling to No 4 from the top spot, a survey has found.

Two big, bailed-out banks send CEOs to Davos

Citigroup Inc’s Vikram Pandit and Bank of America Co’s Brian Moynihan are set to attend the annual gathering of business and political elites from January 27 to January 31, according to WEF official Kevin Steinberg.