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Welteke - UK, Denmark, Sweden welcome to join EMU
GERMANY - The UK, Denmark and Sweden are "certainly welcome to join" European monetary union, European Central Bank Governing Council member and Bundesbank President Ernst Welteke said Friday in a speech.
Bank of Mauritius - Annual Report 2001
ANNUAL REPORT - The central bank of Mauritius has published its Annual Report for the year ended 30 June 2001.
China will increase euro reserves
CHINA - The vice president Guo Shuqing with The People's Bank of China discloses that China has purchased a number of Euro as foreign exchange reserve in the past 2 months.
Outsiders part in BI dep gov selection opposed
INDONESIA - A legislator Sunday denied reports on the involvement of outsiders in the House of Representatives (DPR)'s selection of a Bank Indonesia (central bank) deputy governor.
Bank's rising star tipped to back rate cut
AUSTRALIA - Long serving central banker Glenn Stevens is the emerging frontrunner to become new deputy governor of the Reserve Bank of Australia - and his first decision is likely to be for another cut in interest rates.
ECB's Trichet gives little away on rates
EUROPE - European Central Bank Governing Council member and Bank of France Governor Jean-Claude Trichet gave little indication in a German newspaper interview Saturday of when the ECB might cut interest rates again.
Bank of England Quarterly Bulletin - Winter 2001
REPORT - The Quarterly Bulletin provides regular commentary on market developments and UK monetary policy operations. It also contains research and analysis and reports on a wide range of topical economic and financial issues, both domestic and…
BoJ deflects US pressure on bonds
JAPAN - The Bank of Japan yesterday deflected pressure from the US administration to buy foreign bonds to weaken the yen by saying that any such move should be made by the ministry of finance intervening directly in the markets.
Parry: Q4 fall off in econ likely sharper than Q3
US - The downturn in high-tech business has been particularly rough for the San Francisco Bay area, where unemployment and commercial vacancies have been rapidly on the rise, said San Francisco Federal Reserve President Robert Parry Monday 19 November.
Russia's central bank head office may be moved
RUSSIA - Members of a working group drafting amendments to a new law on the Central Bank are proposing moving the bank's head office from Moscow to St. Petersburg.
Austrian c bank - ECB not relaxing stability pact
AUSTRIA - Austrian central bank Governor Klaus Liebscher Friday said the European Central Bank's stance on the euro-zone's Stability and Growth Pact won't be relaxed.
Speech by Robert Parry of the San Francisco Fed
SPEECH - Speech by President and CEO Robert T. Parry of the Federal Reserve Bank of San Francisco to the UC Berkeley 24th Annual Real Estate and Economics Symposium, 19 November.
Cautious thumbs-up for UK economy
UK - The British economy has slowed over the past 12 months, but remains among the strongest in the developed world, a report has said.
Argentina slowdown spells debt fears
ARGENTINA - The slowdown afflicting the global economy will prompt a worsening in the debt burden shouldered by poor countries, economic gurus have said.
IMF spotlight on Argentina
ARGENTINA - An International Monetary Fund mission arrives in Buenos Aires on Sunday to study the country's accounts and decide whether to continue disbursing funds from Argentina's loan programme.
Speech by Ernst Welteke, Bundesbank President
SPEECH - Closing remarks at the European Banking Congress by Ernst Welteke, President of the Deutsche Bundesbank, Frankfurt, 23 November.
State Bank of Pakistan lifts foreign ex quotas
PAKISTAN - Pakistanis travelling abroad are now free to buy as much foreign exchange as required at the interbank exchange rate.
ECB Issing - Euro undervalued deficit targets stay
SPAIN - European Central Bank Chief Economist Otmar Issing said Friday that the euro is undervalued and that he remains confident that the currency's value will rise in the future.
Cash transfer move falters in Europe
EUROPE - The European Commission's 12-year attempt to reduce charges for cross-border money transfers in Europe is in danger of collapsing because of last-minute opposition from several European Union members and fierce lobbying by banks.
UK shouldn't miss further opportunities in Europe
UK - United Kingdom Prime Minister Tony Blair said Friday that the U.K. shouldn't miss any further opportunities in Europe particularly regarding the euro.
ECB Duisenberg - EU enlargement no threat to euro
GERMANY - The planned enlargement of the European Union by a number of accession countries poses no threat to the euro currency, European Central Bank President Wim Duisenberg said Friday.
Real-time payment system operational in Russia
RUSSIA - Natalia Kochetkova, director of the payment systems and clearance department of the Central Bank announced that the bank had put into operation a system for the processing of payments in real time in Moscow and the Moscow Region.
Germany slips into recession in third quarter
GERMANY - Germany's economy slipped into technical recession in the third quarter, after poor figures for gross domestic product growth confirmed a decline for the second three-month period running.
Bank of England minutes refocus minds in markets
UK - The minutes of November's interest rate meeting at the Bank of England released Wednesday suggest that financial markets may have been premature in assuming interest rates won't fall below their current level.