World

• Wall Street retreats from previous gain
• ADB ends annual meeting in show of cooperation, confidence
• Chinese citizens urged to avoid illegal employment in Singapore
• Japan's economy to sink into worse recession
• EU sets out guidelines on financial sector bonuses

• US economy shrinks at 6.1% pace in first quarter 
• US House passes 3.4-trillion-dollar budget plan
• EU opens excessive deficit procedure against four members
• Fears of swine flu drag Wall Street
• 'Use IMF bonds cash to fight crisis'

• Zoellick says rising economies to be 'fairly, fully represented' in World Bank, IMF
• General Motors expected to dump Pontiac
• IMF chief: Economic recovery partially relies on confidence
• European economy still deep in recession
• Dollar still leads way at China's export fair, as yuan settlement tests water

• Treasury chief: British economy to shrink 3.5% in 2009
• Oil slides below US$46 on stronger USD, economic concern
• US dollar dominance in world financial system challenged
• Bernanke: financial innovation must be regulated properly
• Oil nears US$50 as investors eye hopeful demand recovery