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Capitalist system cranks into gear after assault
US - The destruction of the World Trade Center in New York yesterday effectively paralysed the U.S. financial system but today, Wednesday 12 Sep, the rest of the global capitalist system fought huge headaches and carried on.
Central banks ease fears of global gridlock
WORLD - Central banks worldwide took swift action on Wednesday 12 Sep to keep financial markets working, pumping in additional money where needed. The Bank of Japan reacted quickly to soothe fears of a global gridlock, and was swiftly followed by other…
Banks in Fed talks over extended closure of market
US - Stock markets in the US will be closed today in the wake of the terrorist attacks which sent stock prices elsewhere in the world plunging and investors rushing for the safe havens of gold and government bonds.
Greenspan returns to Switzerland as plane diverted
SWITZERLAND - U.S. Federal Reserve Chairman Alan Greenspan has returned to Switzerland after the airplane on which he was traveling turned back from a flight to the U.S., a spokesman for the Basel city police said Tuesday.
McDonough:NY Fed - Every Effort At Normal Business
US - Federal Reserve Bank of New York President William McDonough said Tuesday that the central bank will do everything possible to conduct normal business in the wake of the terrorist attacks in Manhattan.
Attacks lift oil and gold prices
GOLD - Crude oil and gold bullion prices have lost some of the sharp gains seen immediately after the devastating terrorist attacks in the US.
IMF and World Bank to review meetings
UNITED STATES - The International Monetary Fund and the World Bank are reviewing plans for their annual meetings, due to take place in the US later this month.
Anti-crisis campaign gathers pace
UNITED STATES - Governments, central banks and economic authorities around the world have pledged to seek ways to help stabilise the global financial system in the wake of the US attacks.
Pakistan to issue Islamic bank licences
PAKISTAN - Pakistan's military government is to issue licences for new Islamic banks, the first time that new banking licences would be issued in a decade, according to Shaukat Aziz, finance minister.
Kohler says IMF may look again at 'Tobin tax'
GERMANY - Horst Kohler, the International Monetary Fund's managing director, on Monday acknowledged recent calls by political leaders in Germany and France for more detailed discussions on how better to control international capital markets.
Talks on Russian bank reforms
RUSSIA - Top national and international policymakers are set to meet at Russia's central bank today, Tuesday 11 Sep, to discuss options for restructuring the country's banks.
Business chiefs fail to banish the gloom
EUROPE - Pessimism about Europe's economy was prevalent at a mini-Davos meeting of top bankers and industrialists.
Clearing and settlement of securities: in Europe
SPEECH - Speech by Tommaso Padoa-Schioppa, Member of the Executive Board of the European Central Bank, at the Symposium of the Deutsche Bundesbank, Payment and Securities Settlement Systems in Germany against the Background of European and International…
BIS Quarterly Review, September 2001
QUARTERLY REVIEW - The Bank for International Settlements has published its Quarterly Review, September 2001. International banking and financial market developments.
Three Questions about the Economic Slowdown
SPEECH - Presentation to a Community Leaders' Luncheon by Robert T Parry President and CEO of the Federal Reserve Bank of San Francisco, Salt Lake City, Utah, 7 September.
Farewell to the IMF Executive Board - Fischer
SPEECH - Stanley Fischer, First Deputy Managing Director, International Monetary Fund, 30 August.
Is Chavez talking Venezuela into currency crisis?
VENEZUELA - Venezuela is enjoying high oil prices and one of Latin America's healthiest growth rates, but outspoken President Hugo Chavez may be literally talking his country into a currency crisis, economists said on Friday 7 Sep.
Belarusian c bank's reserves 280m dollars, 10 tons
BELARUS - The gold and hard currency reserves of the National Bank of Belarus currently total 10,016 kg of gold and 280m dollars.
Economic stabilisation hq proposed in Japan
JAPAN - A Japanese think tank on Monday 10 Sep called for creating an economic stabilisation headquarters to work out key strategies for the slumping Japanese economy.
Turkish c bank to publish inflation report in Oct
TURKEY - Turkey's central bank plans to announce next month future inflation estimates and details of the monetary policy that will back a plan to cut stubbornly high inflation, a senior central banker said on Monday 10 Sep.