Swiss National Bank Chairman Philipp Hildebrand resigned with immediate effect on Monday, saying he could not prove he had been unaware of a currency trade made by his wife and wanted to protect the integrity of the central bank. Hildebrand’s decision to relinquish one of the world’s top 10 central […]

President Goodluck Jonathan said the violent Nigerian Islamist sect Boko Haram has supporters within his own government.   Here are some facts about Boko Haram.   THE GROUP * Boko Haram became active in about 2003 and is concentrated mainly in the northern Nigerian states of Yobe, Kano, Bauchi, Borno […]

Europe as a whole may avoid a recession this year and there were reasons to be more upbeat about prospects for the region, South Africa’s Business Day newspaper quoted International Monetary Fund head Christine Lagarde as saying. “The euro-zone scene has changed massively over the last 18 months or so […]