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Bleak outlook persists for Japan
Japan - Japanese exporters continue to suffer as the global economy slows.
Wim Duisenberg testimony to European Parliament
SPEECH - Testimony before the Committee on Economic and Monetary Affairs of the European Parliament with the President of the European Central Bank, in accordance with Article 113(3) of the Treaty on European Union.
OECD Statement on US attacks
Statement issued yesterday by Donald J. Johnston, Secretary General of the OECD, in the wake of the attacks in the U.S.
World Bank Extends Sympathy to United States
WASHINGTON, September 12, - The following is a statement issued today by World Bank President James D. Wolfensohn.
Challenges for Japan's Economy and Monetary Policy
SPEECH - Remarks by Sakuya Fujiwara, Deputy Governor of the Bank of Japan, at the Foreign Correspondents' Club of Japan on 25 July.
Bank of France New York office escapes the horror
UNITED STATES - CentralBankNet has today, Wednesday 12 Sep, discovered that the Banque de France, France's central bank, representative office in New York avoided the devastation at the World Trade Center.
ECB confirms council meeting Thursday as planned
GERMANY - The European Central Bank confirmed on Wednesday 12 Sep that its policymaking Governing Council will meet as planned here on Thursday for its regular fortnightly policy review.
Japan fin, econ authorities setting up task forces
JAPAN - Japanese financial and economic authorities set up task forces early Wednesday 12 Sep to ease effects on the markets in the wake of suspected terrorist attacks in Washington and New York.
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.