Reserves
Shiokawa: Want BOJ to keep at least Y8T reserves
JAPAN - Japanese Finance Minister Masajuro Shiokawa said Wednesday that he won't propose the Group of Seven monetary authorities take joint action against the weak dollar at their meeting in Washington Saturday.
Japanese snap up foreign bonds despite attacks
JAPAN - Japanese investors have been buying a massive amount of foreign bonds in recent weeks, making a mockery of the view they were busily repatriating funds ahead of half-year bookclosings, data showed on Thursday 4 October.
Pakistan buying dollars to bolster reserves
PAKISTAN - Taking advantage of the sharp drop in the U.S. dollar against the rupee, Pakistan's central bank has been buying the U.S. unit from the interbank market to bolster its foreign exchange reserves, a source said on Wednesday.
Russia c bank to sell $50M to non-residents today
RUSSIA - Today, 4 October, the Russian Central Bank will conduct an auction for non-residents with S-accounts in Russia.
Bahrain c.bank says no trace of suspects' assets
BAHRAIN - Bahrain's central bank said on Wednesday 3 October no assets of 27 groups and individuals suspected of having financial links to the 11 September attacks on the United States have so far been found in the island state.
BIS delays forex volume report due to US events
SWITZERLAND - The Bank for International Settlements said Tuesday it is delaying publication of its triennial report on foreign exchange volumes by a week because of the late receipt of U.S. data.
Cardoso rules out extra measures to support real
BRAZIL - President Fernando Henrique Cardoso said that the central bank has taken the necessary measures to stem the fall of the real, adding that no additional measures are required.
Speech by President Santomero of Philadelphia Fed
SPEECH - Remarks presented by President Santomero of the Federal Reserve Bank of Philadelphia before the Ninth Conference on Pacific Basin Finance, Economics and Accounting, Rutgers University, New Brunswick, NJ 21 September.
Risk deals unrestricted in Latvia
LATVIA - The Latvian Finance and Capital Market Commission on 28 September lifted previous restrictions on Latvian bank's risk deals with residents of Estonia and Lithuania, reported the commission.
Australia RBA undertakes 2nd round of dealing
AUSTRALIA - The Reserve Bank of Australia said Friday 28 September it will undertake a second round of dealing in the money market in order to improve liquidity.
Japan eases Pakistan debt burden
PAKISTAN - Pakistan is to get over half a billion dollars in debt rescheduled by Japan, in recognition of its move to back the global "fight against terrorism".
S Africa ctrl bk may move against Rand speculators
SOUTH AFRICA - Tito Mboweni, South Africa's Reserve Bank governor may move to stamp out the use of local finance to fund speculative attacks against the rand, the daily Business Day newspaper reported Friday 28 September.
Russia gov't lifts restrictions on bank bond issue
RUSSIA - Deputy Prime Minister and Finance Minister Alexei Kudrin reported that on 27 September the government decided to lift restrictions on the issue of Central Bank bonds.
Japan's finances questioned
JAPAN - Japan's ability to repay its sovereign debts has been questioned by a leading international credit rating agency.
Pakistan wins IMF cash
PAKISTAN - The International Monetary Fund has approved a $135m cash injection into Pakistan, in a further sign of the country's strengthened relations with Western states.
Swiss central bank to sell 283 tonnes of gold
SWITZERLAND - Swiss central bank Schweizerische Nationalbank (SNB) has announced that it plans to sell a further 283 tonnes of gold by end September 2002.
Pakistan on course for further IMF funds
PAKISTAN - The International Monetary Fund yesterday, Monday 24 September, said Pakistan was on track for a fresh lending package, but played down its size and denied it was connected to the campaign against terrorism.
Pakistan's exchanges re-open
PAKISTAN - Pakistan's stock markets fell steeply when they resumed trading on Monday 24 September after being closed for a week.
ECB puts yen under pressure
EUROPE - The European Central Bank (ECB) has intervened in the foreign exchange markets, buying euros and selling yen, in an attempt to weaken the Japanese currency.
Safe-haven currencies and bonds gain, stocks slide
EUROPE - Safe-haven currencies and government bonds gained today, Friday 21 September, as jittery investors pulled out of volatile equities, spooked by last week's terrorist attacks in the US.
History of central bank intervention
UK - Following is a chronology of intervention in foreign exchange markets by central banks from major industrial nations on the dollar, the yen, the German mark and the euro.
Pakistan c bank assures liquidity to money market
PAKISTAN - State Bank of Pakistan, the country's central bank, will keep the money market liquid to alleviate any outflows from a treasury-bill auction today, Wednesday, and nervousness from events in Afghanistan, a senior official said Wednesday 19…
Bank of Japan told to ease liquidity
JAPAN - Masajuro Shiokawa, Japan's finance minister, yesterday, Sunday 16 September demanded that the Bank of Japan implement more monetary easing to combat any possible economic downturn as a result of last week's terrorist attacks.
Banks voice opinion they will ride out the turmoil
UNITED STATES - Banks were quietly confident yesterday that they could survive the financial market implications of Tuesday's attacks.