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IMF's Krueger - World economy near turning point
UK - The world economy is at or near a turning point, which makes it difficult for central banks to make the right decisions on interest rates, International Monetary Fund First Deputy Managing Director Anne Krueger said Monday.
Dow Jones closes at 7-week high
US - Strong US house sales and upbeat forecasts from a string of major companies including auto giant General Motors sent Wall Street shares soaring on Monday.
O'Neill: 'Enron to trigger stricter laws'
US - US Treasury Secretary Paul O'Neill has weighed into the debate about how to prevent any repetition of the Enron scandal with proposals to tighten the law on negligence.
Draft deflation plan set to disappoint
JAPAN - Fears are growing that the Japanese government's latest plan to revive the economy will fall short of expectations.
Speech by T Padoa-Schioppa of the ECB, 22 Feb
SPEECH - In the speech Padoa-Schioppa said it was unrealistic to think of moving responsibility for banking supervision to the ECB and co-operation at a national level was more appropriate.
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Duisenberg sees global recovery, risks remain
GERMANY - European Central Bank President Wim Duisenberg said on Monday he expected a mild recovery of the global economy this year with euro zone growth reaching its long-term potential by the end of 2002.
Chinese c.bank chief says supports stable euro
CHINA - China's central bank governor Dai Xianglong said on Monday Beijing supports a stable euro but that he did not understand why the unified currency had lost value to the dollar since its inception.
Polish c bank says early euro benefit to E Europe
POLAND - The early adoption of the euro by European Union accession countries will reduce economic turbulence in those nations and will not damage confidence in the single currency, Polish central bank governor Leszek Balcerowicz said on Monday.
Regulators not in real world, says McFarlane
AUSTRALIA - The ANZ Bank CEO, John McFarlane, has spoken out against Australia's financial regulators.
Fake note scam hits 50 shops
IRELAND - Forged euro notes were handed in to 50 Irish businesses last week, it emerged yesterday.
Bundesbank reform likely despite state fears
GERMANY - The German government's reform of the Bundesbank should take place on schedule in May, despite regional states' fear they will lose their power to shape policy in Europe's monetary union, an official said on Monday.
Swedish c.bankers signal tighter monetary policy
SWEDEN - Two senior Swedish central bankers on Monday reinforced expectations that interest rates will be raised, possibly already next month, sending the crown and short-term yields sharply higher.
Argentina's Galicia aims for debt accord this week
ARGENTINA - Argentina's largest private bank, Banco Galicia , expects this week to find a foreign partner to reduce its $1.5 billion debt as financial crisis hits the embattled sector, a company executive said on Monday.
Speech by Eva Srejber of Sveriges Riksbank, 25 Feb
SPEECH - In the speech titled 'Monetary policy and inflation expectations' the hawkish Eva Srejber said the economic slowdown was in its final stages and a 25 basis point rate rise was necessary to control how fast the economy would rebound.
Bank of England Discussion Paper
RESEARCH - Bank of England, External MPC Unit Discussion Paper No.7 'The Future of Macroeconomic Policy in the European Union' by Christopher Allsopp, February 2002.
Speech by Wim Duisenberg, ECB President, 25 Feb
SPEECH - In the speech titled 'China and the euro area in a global perspective' Duisenberg said confidence in most countries was shaken by the attacks on U.S. cities on 11 September, but the world economy has proved resilient and there are growing signs…
Spain sees ECB Noyer's succession settled in March
FRANCE - A successor to European Central Bank Vice President Christian Noyer will be chosen at a European Union summit in Barcelona in mid-March, Spanish Economy Minister Rogdrigo Rato said in an interview published on Thursday.
CBA hits Reserve, playing "social policy" on cards
AUSTRALIA - On Thursday Commonwealth Bank of Australia (CBA) attacked the Reserve Bank over its proposed credit card reforms.
Currency dealing liberalised in China
CHINA - The central bank has eased controls on foreign-exchange dealing by domestic banks to put them on an equal footing with foreign competitors, it was reported.
Fed wants banks' help with cash - handling
US - The Federal Reserve says its resources are increasingly taxed by banks' growing habit of placing currency on deposit with the central bank, and it plans to call on bankers to figure out a solution to the problem.
Minutes from 1996 Fed meetings bear out
US - In the months leading up to Federal Reserve Chairman Alan Greenspan's famous 1996 warning of investor "irrational exuberance," then-Fed governor Lawrence Lindsey was the central bank's most vociferous internal proponent of the view that the stock…
Rate cut by Brazil's central bank chief
BRAZIL - Central bank governor Arminio Fraga's surprise move to cut interest rates marks a shift in strategy, and a gamble, as he weighs the need to contain inflation yet entice investors in a presidential election year.
Padoa-Schioppa, ECB "satisfied" by German promises
ITALY - European Central Bank executive board member Tommaso Padoa-Schioppa, in an interview published Friday, said the ECB was "satisfied" with the German government's promises to cut its budget deficit aggressively in an effort to bring it in line with…