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Central bankers are refining their battle plans for coping with the upheaval that an Iraqi war could cause in financial markets and their economies.
LIKE most love affairs which end badly, this one has left a bitter taste in the mouth. Corporate leaders, once superheroes and revered bringers of wealth and happiness, have fallen out of favour with their adoring fans in America.
By boosting production ahead of the war in Iraq, the Organisation of Petroleum Exporting Countries (Opec) succeeded in allaying concerns about a possible oil shortage once the shooting began. Yet, instead of celebrating its achievement, Opec fears that the world is now awash in crude and at risk of a ruinous price crash.