Governance

Kerry sees Rubin in Greenspan's shoes

US Democratic presidential candidate John Kerry has said that if elected he will seriously consider former treasury secretary Robert Rubin to replace Federal Reserve Chairman Alan Greenspan when he retires.

Nepal Rastra Bank chief has land seized

The Rebel Communist Party of Nepal has escalated the capture of land belonging to local landlords, including land owned by the central bank chief. The party has captured 300 hectares of land and made it public.

Dodge sets the standards in expenses

Bank of Canada governor David Dodge is setting new standards in what one report called "tight monetary policy" with a relatively low expenses bill for the last quarter, released by the Bank of Canada this week.

Weber officially takes over at Bundesbank

Economics professor Axel Weber was formally appointed on Friday 30 April to head the Bundesbank, following Ernst Welteke's recent resignation. He can therefore attend the next meeting of the European Central Bank in Helsinki next week.

IMF to name new Managing Director Tuesday

The International Monetary Fund will announce its next managing director on Tuesday 4 May, board sources said on Thursday, Reuters reported. The job is widely expected to go to Spain's former economy minister, Rodrigo Rato.

Mugabe arrests his Finance Minister

Zimbabwe's finance minister was arrested on Saturday (24 April) on charges of dealing in foreign currency. He is the first senior official in President Robert Mugabe's government to be detained in a corruption crackdown.

Ex-CBK deputy governor in witness box

Former deputy Governor of the central bank of Kenya Eliphaz Riungu told the Goldenberg inquiry this week that he never opened accounts in the Indosuez Sogem Aval Ltd London branch bank for Central Bank of Kenya.

Nigeria gets new central bank governor

The Nigerian government announced on Thursday (29 April) the appointment of Professor Charles Soludo as the new Governor of the Central Bank of Nigeria (CBN). Also appointed by President Obasanjo was W. A. Mshelia, the first woman deputy governor of the…

Classical King

A while back we reported that Bank of England governor Mervyn King was spotted out at an hour-long symphony by Russian composer Dimitri Shostakovich at London's Royal Festival Hall. Now a press report says, shock horror, he has been seen carrying a CD of…

Welteke won't get full salary to 2007

Former Bundesbank President Ernst Welteke won't draw his full salary as German central bank chief over the next three years after quitting last week, denying a report in the Financial Times Deutschland newspaper.

Interview with former Fed governor Larry Meyer

In an interview with BusinessWeek published this week former Federal Reserve governor Laurence Meyer said he still isn't convinced the inflation evidence is strong enough for the Fed to rush through a rate hike, but he does believe that it could well…

Rato set to be next IMF chief

Former Spanish finance minister Rodrigo Rato looks certain to become the International Monetary Fund's new chief after the United States threw its support behind his candidacy this week.

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