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Court upholds ruling on Argentine deposit freeze
ARGENTINA - An Argentine federal appeals court has upheld a prior ruling that declared unconstitutional the deposit freeze in place since December last year, along with all subsequent measures based upon it, local press reported.
Dollar falls for fourth day in five versus euro
US - The U.S. dollar fell for a fourth day in five against the euro after a Federal Reserve report showed Philadelphia-area manufacturing unexpectedly contracted this month, the latest sign the U.S. economic recovery is slowing.
Korean terms of trade deteriorate in 2nd Quarter
KOREA - The nation's terms of trade deteriorated in the second quarter of the year, due to global hikes in the price of oil the Bank of Korea reports.
Brazil's central bank to reduce domestic debt
BRAZIL - The focus in Brazil's financial troubles shifted on Thursday to domestic reaction to the government's measures to boost prices of domestic debt and reduce volatility in the price of mutual funds.
FSA open secret anti-terrorist bunker in London
UK - The UK financial watchdog has opened an emergency headquarters to keep the financial heart of the capital beating in case of a major terrorist attack on London.
Greenspan keeps his nerve
ARTICLE - More mixed economic data appear to support Alan Greenspan's cautious decision not to cut interest rates any further for the time being, reports the Economist magazine on Friday. But this week the Fed admitted that stockmarket jitters have…
Can Basel II be made to work?
ARTICLE - Latest developments in the progress of the Basel II Capital Accord have raised concerns by both US and European parties that its complexity will lead to unequal treatment. The Banker magazine, in its August 2002 edition, examines the issue and…
Sveriges Riksbank Press Release
PRESS RELEASE - Preliminary financial market statistics for May and June 2002, 15 August.
Sveriges Riksbank Press Release
PRESS RELEASE - Repo rate left unchanged at 4.25 per cent, 16 August.
Bank of Japan Transparency Report
REPORT - The Self-Assessment Report on Transparency Practices for Monetary Policy, Bank of Japan, 16 August.
Minutes of the Federal Open Market Committee
MINUTES - The Federal Reserve on Thursday released the minutes of its regular FOMC meeting held on 25-26 June. Federal Reserve policymakers expressed optimism about the economy's recovery two months ago despite the business scandals that have eroded…
Arafat names Palestinian MA officials
PALESTINE - President Yasir Arafat has decreed the appointment of Dr Amin Muhammad Haddad as governor of the Palestinian Monetary Authority.
Singapore central bank to revise structure
SINGAPORE - The Monetary Authority of Singapore said on Thursday it will introduce several structural changes "to more clearly align the organisation's resources and objectives."
How economics came to rival religious faith
ARTICLE - Is economics a religion? This question is posed by Samuel Brittan in the Financial Times on Thursday.
Records show Moskow donated money to Bush fund
US - Federal Reserve Bank of Chicago President Michael Moskow donated $2,000, the maximum allowable, to President George W. Bush's election campaign, according to Federal Election Committee records.
Man admits Ukraine National Bank governors murder
UKRAINE - A court in Luhansk has heard details of the contract killing of the former head of the National Bank of Ukraine, Vadym Hetman.
Hungary's Jarai admits reporting to secret service
HUNGARY - The chairman of the National Bank of Hungary Zsigmond Jarai yesterday protested against publishing his personal data, but today, he gave a statement to a Hungarian newspaper. The report comes from BBC monitoring.
BOK unlikely to make up for gov't losses
SOUTH KOREA - The Bank of Korea (BOK) expressed reservation yesterday about taking actions to make up for losses incurred by irretrievable public funds that were used to stabilize the economy in the wake of the 1997 IMF financial crisis.
High gold price hits demand in India
INDIA - India, the world's largest consumer of gold, has cut imports of the precious metal by nearly half because of the sharp rise in global prices in recent months.
Federal Reserve Bulletin - August 2002
REPORT - The Bulletin is in two parts. Firstly the Monetary Policy Report to the Congress and an article, 'The Use of Checks and Other Noncash Payment Instruments in the United States'. The article suggests that the use of checks in the United States has…
Minutes of Japan's Monetary Policy Meeting
MINUTES - Minutes of the Bank of Japan's Monetary Policy Meeting on 26 June 2002, released 14 August. The policy board acknowledged that most U.S. economic indicators confirmed that the country's economy continued to be on a recovery trend. The board…
Minutes of Japan's Monetary Policy Meeting
MINUTES - Minutes of the Bank of Japan's Monetary Policy Meeting on 15 and 16 July 2002, released 14 August. The minutes show that the members felt the U.S. economy was continuing on a recovery trend. On the current state of Japan's economy, members…
RBA Bulletin - August 2002 Issue
REPORT - The Reserve Bank of Australia published its August 2002 Bulletin on 15 August. The Bulletin contains articles on Australia's Foreign Currency Exposure and Hedging Practices and Recent Proposals for Reform of Sovereign Debt Restructuring.