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Court backs probe that hurts ECB hopeful Trichet
FRANCE - A French court refused on Thursday to scrap a banking scandal inquiry that is hurting Paris's hopes of making Bank of France Governor Jean-Claude Trichet president of the European Central Bank, a lawcourts official said.
Chaos in Kabul amid currency rumours
AFGHANISTAN - Afghanistan's currency markets have been plunged into chaos, amid reports that the Afghani could be abandoned temporarily for the dollar.
Globalisation forum kicks off
US - More than 3,000 of the world's movers and shakers are kicking off the World Economic Forum in the unaccustomed surroundings of bustling New York City.
Speech by David Carse of the HKMA
SPEECH - In the speech made Thursday and titled '2001 End-Year Review and Prospects and Priorities for 2002' Carse said the challenging operating environment last year will have put pressure on the earnings of Hong Kong banks.
Federal Reserve Press Release, 30 January
PRESS RELEASE - The Federal Open Market Committee decided today to keep its target for the federal funds rate unchanged at 1-3/4 percent.
Bank of Canada - Press Release
PRESS RELEASE - Bank of Canada Governor reviews success of inflation targets, 29 January.
Dodge refuses to rule out common currency
CANADA - David Dodge, the Governor of the Bank of Canada, Tuesday, refused to rule out the possibility that Canada and the United States could share a common currency some day, though he said a number of tough conditions would have to be met first.
Speech by David Dodge, Governor of Bank of Canada
SPEECH - In the speech titled 'Inflation Targeting During a Difficult Year' Dodge reiterated his view that the Canadian economy will grow between 1% and 2% in the year's first half and then accelerate. "As I have already noted, it is becoming clearer…
US keeps interest rates unchanged
US - The US central bank, the Federal Reserve, has left interest rates unchanged Wednesday at 1.75%, saying signs for an economic recovery were "promising".
IMF tells Argentina to cut spending
ARGENTINA - The International Monetary Fund (IMF) has returned to Argentina to discuss the framework of a new financial aid package for cash-starved government in Buenos Aires.
Peru's central bank moves to inflation targeting
PERU - Peru's central bank has made inflation targeting its main tool for signalling the direction of monetary policy, Central Reserve Bank of Peru President Richard Webb said Tuesday.
IMF supports Indonesian plan for independent team
INDONESIA - Finance Minister Boediono said that the International Monetary Fund (IMF) has lent its support to plans to create an independent team to determine the burden-sharing for the controversial Bank Indonesia emergency loan (BLBI).
MPs send amendment to law on CNB to final reading
CZECH REPUBLIC - The Chamber of Deputies today sent to a final reading the government-sponsored amendment to the law on the Czech National Bank (CNB), which corrects the drawbacks of the previous amendment criticised by the European Union.
China vows to safeguard stability of stock market
CHINA - China has promised investors to safeguard the "stability" of the stock market after a week of sharp price movements triggered by continuing confusion over the sale of the controlling stake held in most listed companies by government entities.
Regulator warns about health of insurance industry
UK - The Financial Services Authority has warned that it is important for the long-term health of the insurance industry and clients that its capital base is strengthened.
ECB on collision course over plan to regulate EU
EUROPE - The European Central Bank has put itself on a collision course with European financial regulators, including Britain's Financial Services Authority, over the ECB's ambitions to play a role in banking supervision.
Finance and Economics Discussion Series
RESEARCH - Federal Reserve Finance and Economics Discussion Series, Monetary Policy Rules and the Great Inflation by Athanasios Orphanides, January 2002.
Bank of England - News Release
NEWS RELEASE - Financial Sanctions: Afghanistan (Taliban and Usama Bin Laden), 28 January 2002.
US economy shows unexpected strength
US - The US economy grew 0.2% in the last three months of 2001, official data has shown.
Press Release from the Bank of Canada
PRESS RELEASE - Bank of Canada Governor reviews key developments of last year, 28 January.
Speech by David Dodge, Governor of Bank of Canada
SPEECH - Dodge said in the speech titled 'Challenges and Changes in an Eventful Year' that an unhelpful depreciation of the Canadian dollar over recent weeks did not reflect the encouraging signs of a pickup in the economy and that the exchange rate was…
Speech by Dr Y.V. Reddy of Reserve Bank of India
SPEECH - In the speech titled 'Parameters of Monetary Policy in India' Reddy said the central bank might consider a package of measures announcing a one-time reduction in the CRR to three percent, to expedite development of markets, accompanied by…
IMF's Koehler urges coherent plan from Argentina
US - The head of the International Monetary Fund (IMF) on Monday urged Argentine authorities to develop a comprehensive and coherent economic strategy that the lender can back with loans.