Nicolas Sarkozy

French President Nicolas Sarkozy has urged for firmer commodities trading rules.

‘Super Mario’ — as Mario Draghi, the Governor of the Bank of Italy, is known to his compatriots — was catapulted into the express lane via Frankfurt after being endorsed for the European Central Bank’s top job by French President Nicolas Sarkozy last week.

Bank of Italy Governor, Mario Draghi, may be appointed as the head of the European Central Bank.

Policy makers should review whether a global currency-reserve system focused on the U.S. dollar is sustainable, said South Korean finance minister, Yoon Hyun.

Standard & Poor’s announced that it has lowered the rating for Ireland and gave a negative outlook for the country as government debt and the banking sector weigh on public finances, according to The Wall Street Journal.

The World Economic Forum apparently ended on a positive note, according to most reports. But, with the various world and economic leaders now returned to lead their respective countries or companies, the question remains: who will replace the U.S. as the world’s political and economic leader?

When the CEO of JP Morgan Chase, Jamie Dimon, warned against overregulation of the banking sector at Davos on Thursday, French president Nicolas Sarkozy had a swift rebuke.

The Chinese currency should be included in the International Monetary Fund’s basket of currencies use as a reserve asset by fund members, France has urged.

A regulatory movement in Europe may set off a hedge fund exodus to friendlier places.