DUBLIN (Reuters) - The European Commission wants to wind down nationalised Anglo Irish Bank while management still believes it would better to keep a rump open, the bank's chief executive said in an interview in the Sunday Business Post.div class="feedflare" a href="http://feeds.reuters.com/~ff/Reuters/UKBusinessNews?a=dOUy_ELs_V0:rmsfcWlcHxs:yIl2AUoC8zA"img src="http://feeds.feedburner.com/~ff/Reuters/UKBusinessNews?d=yIl2AUoC8zA" border="0"/img/a a href="http://feeds.reuters.com/~ff/Reuters/UKBusinessNews?a=dOUy_ELs_V0:rmsfcWlcHxs:F7zBnMyn0Lo"img src="http://feeds.feedburner.com/~ff/Reuters/UKBusinessNews?i=dOUy_ELs_V0:rmsfcWlcHxs:F7zBnMyn0Lo" border="0"/img/a a href="http://feeds.reuters.com/~ff/Reuters/UKBusinessNews?a=dOUy_ELs_V0:rmsfcWlcHxs:V_sGLiPBpWU"img src="http://feeds.feedburner.com/~ff/Reuters/UKBusinessNews?i=dOUy_ELs_V0:rmsfcWlcHxs:V_sGLiPBpWU" border="0"/img/a /divimg src="http://feeds.feedburner.com/~r/Reuters/UKBusinessNews/~4/dOUy_ELs_V0" height="1" width="1"/

The US, Japan and large parts of Europe have exhausted their policy arsenal, leaving them defenceless against a double-dip recession.

GWANGJU, South Korea (Reuters) - The world economy is recovering moderately but still faces challenges such as the need for medium-term fiscal consolidation, the IMF's First Managing Director, John Lipsky, said on Sunday.div class="feedflare" a href="http://feeds.reuters.com/~ff/Reuters/UKBusinessNews?a=vbYv-_YGMvI:iB8CfbaCbts:yIl2AUoC8zA"img src="http://feeds.feedburner.com/~ff/Reuters/UKBusinessNews?d=yIl2AUoC8zA" border="0"/img/a a href="http://feeds.reuters.com/~ff/Reuters/UKBusinessNews?a=vbYv-_YGMvI:iB8CfbaCbts:F7zBnMyn0Lo"img src="http://feeds.feedburner.com/~ff/Reuters/UKBusinessNews?i=vbYv-_YGMvI:iB8CfbaCbts:F7zBnMyn0Lo" border="0"/img/a a href="http://feeds.reuters.com/~ff/Reuters/UKBusinessNews?a=vbYv-_YGMvI:iB8CfbaCbts:V_sGLiPBpWU"img src="http://feeds.feedburner.com/~ff/Reuters/UKBusinessNews?i=vbYv-_YGMvI:iB8CfbaCbts:V_sGLiPBpWU" border="0"/img/a /divimg src="http://feeds.feedburner.com/~r/Reuters/UKBusinessNews/~4/vbYv-_YGMvI" height="1" width="1"/

Brussels is to push for the creation of a form of "treasury" for the European Union with powers to issue bonds and reinforce fiscal integration.

Willie Walsh, the chief executive of British Airways, has warned that fellow business and economic leaders could be on the verge of dragging the UK into recession by talking it down.

Electricity group accused of trying to charge consumers $26m in excessive costs, including expenses for school fees and transport of wine collection.

The safety device that should have helped prevent the Gulf of Mexico oil spill was being raised to the surface late last night.

Lord Rothschild, Sir Ronald Cohen and the Australian sovereign wealth fund are to invest €450m in the largest lending start-up since the financial crisis.

Gartmore, the fund management firm hit by regulatory concerns, has awarded 3.5pc of the company's equity to a group of top staff to encourage them to stay at the business.

The Bank of England is this week set to hold interest rates at 0.5pc, with a growing expectation that when rates rise they will do so quickly.

Nathan Kirsh will continue his battle to oust the chairman and chief executive of the property developer Minerva, even if other investors reject his plans at this week's emergency shareholder meeting.

House of Fraser will this week relaunch Biba, the iconic 1960s clothing and homeware brand that it bought last November.

The Government has got its policy on immigration caps wrong and should drop it in favour of a points-based system, according to the head of the business group, London First, and leading international companies.

LoveFilm, the internet DVD rental specialist, has appointed two new directors in a move designed to strengthen its board ahead of a possible float.

Three British bankers held in Bahrain for more than a year have written to William Hague, the Foreign Secretary, calling on him to intervene with the local authorities on their behalf.

As Vince Cable's week-long visit to Brazil concluded on Friday, the Government's intentions towards Latin America's economic giant could not be clearer.

Someone could be walking the plank. Stephen Hemsley, boss of Domino's Pizza and keen yachtie, knows the value of money - after all, he's the chairman of a company that actually makes more money the worse the economy is doing.

Tom Albanese talks about Potash, a trial in China and forcing down the mining giant's $40bn debt.

This week all eyes will be on two retail announcements - one by a new boy and one by a somewhat older boy. Ocado, the online retailer that floated earlier this year raising £200m, will announce its third-quarter results. Morrisons, the once North of England-biased supermarket chain that has no significant online presence, will announce its half-year results.