News
RBNZ appoints new forecasting manager
NEW ZEALAND - Bernard Hodgetts, who occupied the post of chief economist, is leaving the ANZ Banking Group (NZ) Ltd to take up a role at the Reserve Bank of New Zealand.
Bank of Japan pumps more money into system
JAPAN - The Japanese central bank, aiming to shore up confidence in the nation's financial markets ahead of a key accounting deadline this week, continues to pump vast amounts of cash into the economy.
IMF may produce interim WEO on impact of US attack
REPORT - Ken Rogoff, chief economist of the IMF said today that his Research Department may well produce an interim World Economic Outlook report to consider some of the quantitative implications of the terrorist attacks in New York.
IMF warns on global economy
IMF REPORT - The International Monetary Fund has forecast a sharper slowdown in the world economy, following the terrorist attacks in the United States.
Europe faces economic slowdown
The International Monetary Fund (IMF) has warned that Europe will find it difficult to avoid a sharp economic slowdown, as it is hit by the tech sector collapse, weak consumer demand and the aftermath of the terrorist attacks in the USA.
Japan's slowdown to hit Asia
The International Monetary Fund (IMF) forecast a sombre short-term outlook for the Japanese economy, with significant implications for the rest of East Asia.
US economy in freefall
The US economy, which makes up one quarter of world economic output, is slowing sharply, and bringing down growth throughout the rest of the world.
Bundesbank chief backs tighter scrutiny
Germany's Bundesbank put its weight behind Berlin's efforts to combat money laundering and tighten up scrutiny of potential terrorist accounts on Tuesday, in spite of possible infringements of bank secrecy.
Price and exports falls hit Africa
Economic growth in Africa is projected to reach 4% this year, according to a report by the International Monetary Fund (IMF).
Tokyo seeks US support to curb yen rise
Senior Japanese officials yesterday hinted that Tokyo was stepping up its efforts to win tacit US support for measures to prevent the yen from strengthening in the aftermath of last week's terrorist attacks in the US.
Watchdog rules credit card retail fees excessive
Fees paid by retailers to credit card companies are "excessive" and anti-competitive, the competition watchdog said in a provisional ruling yesterday.
The 'Zimbabwe effect' takes toll on currency
The 'Zimbabwe effect' takes toll on currency - Central bank governor Linah Mohohlo says Botswana's profile has been rocked thanks to its proximity to political turmoil.
RBNZ reminder re economic sanctions
NEWS RELEASE - The Reserve Bank has written to banks and financial institutions reminding them of their obligations in regard to United Nations sanctions that apply in New Zealand.
Bank of Japan - Monetary policy meeting minutes
REPORT - Minutes of the Monetary Policy Meeting of the Bank of Japan held on 13 and 14 August.
Bank of Japan board voted 8-1 to ease policy
JAPAN - The Bank of Japan (BOJ) on Tuesday released the minutes of its monetary policy meeting held on August 13-14.
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.
Fin regulators plan public meet on privacy notices
US - Eight financial regulators announced plans Monday 24 September for an all-day meeting on privacy notices under new banking laws.
Greenspan to meet with Senate panel
US - Federal Reserve Chairman Alan Greenspan plans to hold a closed-door meeting Tuesday 25 September.
Britain marginalised by failure to join euro
UK - The global economic response to the terrorist attacks in the US showed Britain has been marginalised by its failure to join the euro, the UK Liberal Democrats political party said on Monday 24 September.
IMF shrugs off recession fears
US - The IMF has said it does not expect the global economy to fall into recession as a result of the impact of the terrorist attacks on the United States.
Concerns over euro increasing, says poll
EUROPE - Readiness for the advent of euro notes and coins is increasing across the eurozone, but so are concerns about the new currency, according to a survey published by the European Commission yesterday Monday 24 September.
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.
G7 respond to Bush's call to freeze accounts
US - Washington's G7 partners have begun to respond to President George Bush's call yesterday to freeze financial accounts of a list of suspected terrorist organisations and individuals linked to them.
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.