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Have Australian rates peaked?

The statement accompanying the latest monetary-policy decision of the Reserve Bank of Australia suggests that the central bank's long cycle of monetary tightening may be over.

Europe's payments revolution is slow going

The number of payments made using the new SEPA (Single Euro Payments Area) credit transfer have been "very low", admitted Gertrude Tumpel-Gugerell, an executive director at the European Central Bank.

Sarkozy in SWF U-turn

Nicolas Sarkozy, the French president, is having second thoughts about sovereign wealth funds. So much so that he is even suggesting that France should have one.

ECB's Tumpel hails "encouraging" replies to T2S

Responses from Europe's settlement houses to an invitation to join the European Central Bank's settlement initiative, T2S, have been "encouraging" said Gertrude Tumpel-Gugerell, an executive director at the ECB, two days ahead of the deadline for replies.

China clamps down on hot money

The authorities in Beijing have announced new measures to curb the inflow of speculative money, which is adding to the booming economy's increasing inflation problem.

Bank of Ghana staff strike

Staff at the Bank of Ghana went on strike Thursday in protest over the dismissal of two colleagues.

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