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Oman enacts new law to combat money laundering
OMAN - Oman has enacted a new law was being enacted to combat money laundering, said a senior official.
Top banker blasts Russian bank reform blueprint
RUSSIA - Central Bank head Viktor Gerashchenko criticised a blueprint for banking reform, saying in a letter to Finance Minister Alexei Kudrin that plans to divide banks into three tiers could damage the stability of the entire sector.
Vajpayee plans economic boost for India
INDIA - Indian Prime Minister Atal Behari Vajpayee has unveiled a plan to revive his country's slowing economy with fresh reforms.
Kazakh bank boss cuts beard as deposits top $1 bln
KAZAKHSTAN - Kazakh central bank boss Grigory Marchenko shaved off his beard on Wednesday, 5 September, - fulfilling a vow to sacrifice his whiskers once private deposits in Kazakh banks topped $1 billion, Reuters reports from Almaty.
Asia-Pacific nations meet to battle global gloom
CHINA - Asia-Pacific finance ministers, grappling with a global slowdown and wide divisions over how to deal with it, gather this week in one of the few countries managing to thrive despite the slump - China.
Taipei plans new assets law
TAIWAN - Taiwan's finance ministry has drawn up legislation on the securitisation of financial assets, a reform widely seen as essential to the success of efforts to put collateral held by banks burdened by bad loans back into circulation.
Private Iran bank gains licence
IRAN - Iran's first private bank since the 1979 Islamic revolution has received a licence to begin operations as part of a wider package of economic reforms intended to restructure the state-controlled banking sector.
Australia lowers interest rates
AUSTRALIA - The Reserve Bank of Australia sliced interest rates by one-quarter percentage point on 5 September to offset weakening global economic activity and despite higher-than-forecast inflation.
Financial markets in a globalised world
SPEECH - Second Deputy Governor of the Riksbank, Sweden's central bank, Eva Srejber gave a speech to the Swedish Mutual Fund Association on 4 September.
ECB Press Conference - Questions and answers
On the occasion of the unveiling of the euro banknotes and their security features, Frankfurt. Transcript of the questions asked and the answers given by Dr. Willem F. Duisenberg, President of the ECB, and Prof. Dr. Eugenio Domingo Solans, Member of the…
Roger Ferguson at the Bank of Kansas symposium
SPEECH - Remarks by Federal Reserve Board Vice Chairman Roger Ferguson at a symposium sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming, 31 August.
Opening remarks at the Bank of Kansas symposium
SPEECH - Remarks by Federal Reserve Board Chairman Alan Greenspan at a symposium sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming, 31 August.
Speech by Stephen Nickell of the Bank of England
SPEECH - Speech by Stephen Nickell, Member of the Monetary Policy Committee of the Bank of England and Glenda Quintini, Credit Suisse First Boston, to the economics section of the British Association for the Advancement of Science, Glasgow, 4 September.
More low-value euro notes for German retailers
GERMANY - Germany may need to print more low-denomination euro banknotes sooner than expected in response to high demand from retailers, Ernst Welteke, the Bundesbank president, said yesterday, 3 September.
Bank of Japan - Quarterly Bulletin August 2001
RESEARCH - The Bank of Japan has published its latest, August 2001, Quarterly Bulletin.
NBU recommends quick euro change
UKRAINE - The National Bank of Ukraine is recommending that commercial banks quickly get rid of the national currencies of the member-countries of the European Currency Union in favour of the euro.
Banks get set for euro clearing
UK - The financial system took a significant step towards readiness for the single currency yesterday when the £300bn-a-day clearing system moved on to a euro-compatible platform.
Investigator is prepared to expose City watchdog
UK - The newly appointed independent investigator of complaints about the Financial Services Authority is happy with her powers despite being unable to force the City watchdog to pay compensation.
Sharp rise in public fears over euro price hikes
BELGIUM - Governments in the 12-nation eurozone were given a stark warning yesterday about growing public concern that January's changeover to euro notes and coins will be exploited for unfair price rises.
Japan seeks compromise on IMF assessors
JAPAN - Japan has sought to defuse a looming row with the International Monetary Fund, having previously hinted that it might block an IMF assessment of its financial system.
MPs asked to allow arrest of Ukraine bank chief
UKRAINE - Parliament has received the Ukrainian Prosecutor General's Office request for consent to arrest and prosecute the former Prime Minister Pavlo Lazarenko.
Visa expects global slowdown to weigh on card use
CHINA - The worldwide growth in sales involving Visa credit cards is expected to slow next year in line with a global economic slowdown, Visa International Chief Executive Officer Malcolm Williamson said 3 September.
Russia to convert reserves of D-marks into euros
RUSSIA - Russia's central bank will convert a small part of its foreign currency reserves into euros following Europe's transition to its new currency, bank chairman Viktor Gerashchenko said on 3 September.
Summary of the latest opinion polls on EMU
UK - Euro zone citizens are becoming more aware the euro will replace national currencies in 2002 but are also growing more concerned about possible price rises, according to a European Commission survey published on 3 September.