News
Eurozone growth slows to a crawl
EUROPE - Growth in the eurozone has slowed to a crawl, with the likelihood of a sustained slowdown heightened by this week's terrorist attacks on the US, gurus have warned.
IMF meeting 'to be called off'
WASHINGTON - The annual meetings of the International Monetary Fund and World Bank scheduled for the end of this month are almost certain to be postponed, the German finance ministry has said.
Has economic crisis been avoided?
FEATURE - If the reaction of markets so far is anything to go by, the world has avoided the worst case scenario of a global economic meltdown after the terrorist attacks on the US.
NZ reserve bank names monetary policy advisors
NEW ZEALAND - The Researve Bank of New Zealand has announced two new hires.
Ukrainian cb threat to fine banks for risky trade
UKRAINE - Ukrainian central bank threatens to fine banks for risky transactions.
Yugoslavia outlines plans for euro swapover
YUGOSLAVIA - Yugoslavia's central bank said on 13 September it had ordered a euro equivalent of 540 million German marks from the Bundesbank in a first step to reshaping its forex reserves ahead of the launch of euro notes and coins.
Dlr swap seen as more than a confidence measure
UK - In another move to ensure market liquidity, central banks Thursday 13 September established swap facilities to alleviate the tight dollar market in Europe - a move welcomed by the financial industry.
Euro sceptic wins UK Conservative vote
UK - Iain Duncan Smith has been elected leader of the Conservative Party. He has beaten off the challenge of former cabinet minister Ken Clarke after a fiercely fought and at times bitterly divisive three month battle.
Terrorist attack - Bank of Japan statement
PRESS RELEASE - Statement by the governor
Terrorist attack - Bank of England statement
NEWS RELEASE - Statement
Terrorist attack - Res Bank of Australia statement
NEWS RELEASE - Statement
Terrorist attack - Fed Bank of Chicago statement
NEWS RELEASE - Statement
Anti-crisis campaign gathers pace
UNITED STATES - Governments, central banks and economic authorities around the world have pledged to seek ways to help stabilise the global financial system in the wake of the US attacks.
IMF and World Bank to review meetings
UNITED STATES - The International Monetary Fund and the World Bank are reviewing plans for their annual meetings, due to take place in the US later this month.
Attacks lift oil and gold prices
GOLD - Crude oil and gold bullion prices have lost some of the sharp gains seen immediately after the devastating terrorist attacks in the US.
McDonough:NY Fed - Every Effort At Normal Business
US - Federal Reserve Bank of New York President William McDonough said Tuesday that the central bank will do everything possible to conduct normal business in the wake of the terrorist attacks in Manhattan.
Greenspan returns to Switzerland as plane diverted
SWITZERLAND - U.S. Federal Reserve Chairman Alan Greenspan has returned to Switzerland after the airplane on which he was traveling turned back from a flight to the U.S., a spokesman for the Basel city police said Tuesday.
Banks in Fed talks over extended closure of market
US - Stock markets in the US will be closed today in the wake of the terrorist attacks which sent stock prices elsewhere in the world plunging and investors rushing for the safe havens of gold and government bonds.
Central banks ease fears of global gridlock
WORLD - Central banks worldwide took swift action on Wednesday 12 Sep to keep financial markets working, pumping in additional money where needed. The Bank of Japan reacted quickly to soothe fears of a global gridlock, and was swiftly followed by other…
Capitalist system cranks into gear after assault
US - The destruction of the World Trade Center in New York yesterday effectively paralysed the U.S. financial system but today, Wednesday 12 Sep, the rest of the global capitalist system fought huge headaches and carried on.
Japan fin, econ authorities setting up task forces
JAPAN - Japanese financial and economic authorities set up task forces early Wednesday 12 Sep to ease effects on the markets in the wake of suspected terrorist attacks in Washington and New York.
ECB confirms council meeting Thursday as planned
GERMANY - The European Central Bank confirmed on Wednesday 12 Sep that its policymaking Governing Council will meet as planned here on Thursday for its regular fortnightly policy review.
Bank of France New York office escapes the horror
UNITED STATES - CentralBankNet has today, Wednesday 12 Sep, discovered that the Banque de France, France's central bank, representative office in New York avoided the devastation at the World Trade Center.
Business chiefs fail to banish the gloom
EUROPE - Pessimism about Europe's economy was prevalent at a mini-Davos meeting of top bankers and industrialists.