Greenspan nixed idea of subprime crackdown: WSJ

(Reuters) - "He was opposed to it, so I didn't really pursue it," said Gramlich, who said he raised the idea with Greenspan personally rather than going to the full board of governors.




Gramlich is now a senior fellow at the Urban Institute, a nonpartisan Washington-based research group.


Read more at Reuters.com Business News

Zoellick says World Bank needs stronger Africa partnership

(Reuters) - The World Bank should strengthen its partnership with Africa and be sensitive to country-specific challenges in dealing with the continent, its presidential nominee Robert Zoellick said on Saturday.

Zoellick met South Africa's Finance Minister Trevor Manuel on the last leg of an African tour as he garners support for his nomination by U.S. President George W. Bush to succeed Paul Wolfowitz as World Bank President.


Read more at Reuters Africa

Rate concerns cast cloud on global M&A boom

(Reuters) - Higher interest rates in Europe and growing uncertainty over the cost of borrowing in the United States could slow down parts of the global mergers and acquisitions boom, experts say.

Accommodating debt markets helped spur M&A to record levels in the past year, with more than $4 trillion of deals in 2006 alone.


Read more at Reuters Africa