Central Banks
Argentina seeks support for debt plan
ARGENTINA - Argentina was yesterday, Monday, scrambling to build international support for its planned debt restructuring, details of which are expected in the coming days.
Banks maintain intl corporate credit exposure - 2Q
UK - Despite the worsening global economic outlook, banks' credit exposure to international corporations in the second quarter remained around the same level as in the first quarter, the Bank for International Settlements revealed.
Shock rise in Japanese jobless
JAPAN - Unemployment in Japan rose to 5.3% in September, another record high.
Pakistan seeks landmark deal on debt rescheduling
PAKISTAN - Pakistan is seeking an unprecedented debt rescheduling agreement with the Paris Club of sovereign creditors, which would extend help on terms usually reserved for much poorer countries.
China's gold exchange launch seen on 28 Nov
CHINA - China could launch its gold exchange in Shanghai next month with about 100 domestic firms permitted to trade gold for physical settlement only, industry sources in Hong Kong said on Tuesday.
Buba Welteke: Euro-12 price pressure to ease soon
DENMARK - Early indicators signal price pressure in Germany and the euro-12 will ease further in the near term, but euro-12 financing conditions are favourable, Deutsche Bundesbank President Ernst Welteke said Monday.
ECB gold reserves to 26 October
GERMANY - The Eurosystem's net reserves of gold and gold receivables declined by EUR1 million to EUR128.2 billion in the week ended 26 October, the European Central Bank said Tuesday.
Citibank launch c bank securities lending program
US - Citibank Worldwide Securities Services has launched a lending program for central banks.
Speech by Svein Gjedrem Governor of Norges Bank
SPEECH - Address by Governor Svein Gjedrem, of Norges Bank, the central bank of Norway, at a meeting of the Mid-Norway Chamber of Commerce and Industry, 17 October.
Greenspan - Informed consumers make better choices
US - Federal Reserve Chairman Alan Greenspan in a speech on Friday stressed the importance of education in helping consumers make better choices in their financial lives.
Bank of Japan Monetary Policy Meeting
REPORT - Bank of Japan Monetary Policy Meeting, 29 October. Outlook and Risk Assessment of the Economy and Prices (October 2001).
Bank of Japan Monetary Policy Meeting
REPORT - Bank of Japan Monetary Policy Meeting, 29 October. Announcement of the Monetary Policy Meeting decisions (unchanged).
Bank of Japan warns of recession
JAPAN - The Bank of Japan has acknowledged the world's second largest economy will shrink this year by cutting a growth forecast for 2001 that many economists have long viewed as unrealistic.
Japanese output slumps
JAPANESE - Industrial production in the world's second largest economy slumped by a worse-than-expected 2.9% in September following last month's attacks on the US.
Japan in new territory after two years deflation
JAPAN - The Japanese government admitted Friday that the country had notched up two entire years of deflation - a phenomenon not seen since the second world war in an industrialised country and only rarely experienced in history.
Fed's Poole - More rate cuts to be made if needed
US - The U.S. economy may show some signs of recovery toward the end of this year, said William Poole, president of the Federal Reserve Bank of St. Louis.
Several ECB members wanted 11 Oct rate cut: Report
GERMANY - Several members of the European Central Bank's governing council wanted to cut interest rates at its 11 October meeting in Vienna, according to a report to be published late Monday in French daily Le Monde.
Trichet: Have confidence in inflation deceleration
FRANCE - Bank of France Governor and European Central Bank Executive Board member Jean-Claude Trichet said Friday that he's confident inflation in the euro zone will continue to decelerate.
Ukraine attractive to foreign investors - Nat Bank
UKRAINE - The economy of Ukraine is becoming increasingly attractive to foreign investors, a Ukrainian source quotes Anatoliy Shapovalov, First Deputy Board Chairman of the National Bank of Ukraine, as saying in a speech.
Omani banks form national ATM network
OMAN - A deal to form a national ATM network called Oman Switch by merging Shamel ATM switch and al-Watani ATM switch was signed at the Central Bank of Oman (CBO) on 17 October in the presence of Hamood bin Sanjoor al-Zadjali, CBO Executive President.
Taiwan Sept bad check ratio 0.86% vs August 0.78%
TAIWAN - Taiwan's bad check ratio in terms of the number of checks issued rose to 0.86% in September from 0.78% in August, the island's central bank said Monday.
Bank of Japan - Annual Report 2001
ANNUAL REPORT - The Bank of Japan has published its Annual Report for the year ended 2001.
Speech by Otmar Issing of the ECB
SPEECH - Speech by Professor Otmar Issing, Member of the Executive Board of the European Central Bank at the German British Forum, London, 17 October.
Speech by Alfred Broaddus President Richmond Fed
SPEECH - Remarks by J. Alfred Broaddus, Jr., President of the Federal Reserve Bank of Richmond, at the Fall Business Forum Luncheon, Lenoir-Rhyne College Business Council, Hickory, NC, 16 October.