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Bank of France's Noyer cautions on euro volatility
Christian Noyer the new governor of the Bank of France warned on Wednesday that "excess" currency volatility was not good for economic growth, and that European monetary authorities needed to promote stability.
Cleveland Fed president optimistic on economy
Sandra J. Pianalto, president of the Cleveland Fed, said Tuesday that jobs will be created with innovations in technology and there are many positive signs in the US economy.
BOJ bought Y1.9100 trn shares from banks to 10 Jan
The Bank of Japan said on Wednesday it had bought a total of 1.9100 trillion yen ($17.98 billion) of shares held by Japanese banks by January 10 under its programme aimed at reducing the banks' exposure to stock market volatility.
Zimbabwe c bank ends 1st for ex auction
Zimbabwe's central bank has completed its first auctions of foreign currency in a new drive to clean up the financial sector and bring the black market to an end.
Indonesia to get anti money-laundering committee
The Indonesian government has set up a national committee to coordinate strategy in combating money laundering following the passage of the new Money Laundering Law last year.
Santomero: Reinventing America's Older Communities
In the speech 'Reinventing America's Older Communities' Anthony Santomero of the Philadelphia Fed called on urban planners and city governments to help slow urban sprawl and work to revitalize Americas older city centers.
ECB raises refinancing operations allotment amount
The ECB's Governing Council has decided to increase the allotment amount for each of the longer-term refinancing operations to be conducted in the year 2004 from EUR 15 billion to EUR 25 billion.
Changes to the Eurosystem's operational framework
A series of changes to the Eurosystem's operational framework for monetary policy will be implemented in the first quarter of 2004.
EU to take court action over budget rules
The European Union's head office decided on Tuesday 13 January to take finance ministers to court for letting Germany and France off the hook for violating euro budget rules. An EU spokesman said the move to vary the rules "was not the appropriate…
Greenspan on globalization
In a speech on 'Globalization' given on 13 January, Alan Greenspan of the Federal Reserve renewed a warning that "creeping protectionism" could hurt the flexibility of the global economy, something that has played an important role in helping the United…
IMF on Argentina: 'progress has been made'
IMF Managing Director Horst Kohler said on 9 January that he is to recommend to the Executive Board the Letter of Intent of the authorities for the First Review of the Stand-By Arrangement with Argentina.
Kohler on building prosperity in the Americas
In a speech on 'Building Shared Prosperity in the Americas' given on 12 January, Horst Kohler of the IMF said that on the threshold of 2004, the world economy has decisively turned the corner, but we know that there are still risks.
Bank of England faces criticism in BCCI case
The billion-pound law suit against the Bank of England over its part in the world's biggest banking fraud began on Tuesday 13 January with criticism of the 300-year-old central bank.
IMF review of Argentina deal complete- gov't
The Argentine government has said that the IMF has completed the delayed first review of Argentina's $12.55 billion loan accord.
Adobe Systems to use anti-counterfeit measures
Adobe Systems Inc. has acknowledged that it has added technology to its graphics software at the request of government regulators and international bankers to prevent copies of bank notes being made.
Political noise slows growth- Peru c bank
Peru's central bank president, Javier Silva Ruete, said that the political turbulence shaking the government of Peruvian President Alejandro Toledo is hurting economic growth and could scare off future investment.
National Bank of Azerbaijan awards audit contract
The National Bank of Azerbaijan has declared Deloitte & Touche the winner in a tender to appoint an auditor for the bank for 2003.
Le Pan on the future of regulatory capital
In a speech on "The future of regulatory capital: targeting a consistent regulatory approach on a regional and functional basis" Nicholas Le Pan, Superintendent of the OSFII, talks about promoting consistency with the new Basel Capital Accord.
Federal Reserve Board launches Fiscal Impact Tool
The Federal Reserve Board on Monday 12 January announced the launch of a new informational resource designed to help community economic developers evaluate development proposals.
Legal action likely over budget rules fudge
The European Commission is expected to back legal action on Tuesday 13 January against last November's decision by eurozone finance ministers to suspend the single currency's budget rules in the case of France and Germany.
Bank of England court case set to begin
The Bank of England will go to court for the first time in its 300-year history on Tuesday 13 January when it defends its role in the £10bn collapse of the Bank of Credit & Commerce International.
Korea considering revaluation, W100,000 notes
Bank of Korea Governor Park Seung said on Sunday 11 January that after the general election in April, the central bank would propose a currency revaluation, and also issue W100,000-bills.
Pakistan to bring in new bank monitoring system
The State Bank of Pakistan said on 9 January that it is to introduce a new system of surveillance, monitoring and supervision of banks.
'Brutal' FX moves unwelcome - Trichet
Group of 10 Chairman Jean-Claude Trichet said on Monday 12 January that Europe views volatile and brutal currency movements as unwelcome; however, the subject of foreign exchange did not predominate as the world's top central bankers discussed building…