News
PBOC's Zhou sees need for more financial stability
China can't rely solely on central bank interest rate and exchange rate policies to maintain financial stability, People's Bank of China governor Zhou Xiaochuan wrote in the China Economic Weekly.
Japanese economist expects to head OECD
Japan's candidate for chief of the Organization for Economic Cooperation and Development said on Tuesday 4 October that she is confident she will be chosen for the post.
Will a dark horse win race to succeed Greenspan?
This article published on Thursday 6 October says comments by US President Bush this week raise some doubts about the conventional wisdom in Washington and on Wall Street, that the race to succeed Greenspan has boiled down to three principal candidates.
IMF appoints new Director for Asia office
International Monetary Fund Managing Director Rodrigo de Rato named Akira Ariyoshi as Director of the IMF's Regional Office for Asia and the Pacific on Wednesday 5 October.
Interview with Atlanta Fed president Jack Guynn
In an interview published on Monday 3 October, Federal Reserve Bank of Atlanta president Jack Guynn said the devastation caused by the recent Hurricanes has not altered his thinking about the longer term path of the economy. "I think we're most likely on…
Greenspan: The worst Fed chief ever
This article published Tuesday 4 October gives a contoversial slant on Alan Greenspan. His recent speech 'Economic flexibility' was an attempt to rewrite history by setting up Ben Bernanke to be the fall guy for all of the problems that Greenspan and the…
Greenspan, term ending, returns to Randian roots
According to this article published on Monday 3 October, Alan Greenspan's recent speech in Chicago represents a return to his philosophical roots. His comments show he surely wants to have some say in how he'll be remembered, it says.
Bush calls for independent Fed Chairman
This article published on Wednesday 5 October looks at US President Bush's comments this week that he is looking for a successor to Alan Greenspan who would be seen as politically independent and who can inspire global confidence.
Bush says next Fed chair named in appropriate time
US President George W. Bush said Tuesday that Alan Greenspan's replacement would be named "at an appropriate time," but he had not yet been given a list of prospective names.
Somali central bank chief sacked by president
The president of the Transitional Federal Government of Somalia, Abdullahi Yusuf Ahmad, has fired the governor of the Central Bank of Somalia, BBC Monitoring reported from a report on the Shabeelle Media Network's website.
Cleveland Fed sued over racism claim
The Equal Employment Opportunity Commission has sued the Federal Reserve Bank of Cleveland, according to a report for the Akron Beacon Journal on the ohio.com website.
Brazil's Meirelles won't run for office in 2006
The president of Brazil's central bank, Henrique Meirelles, has ruled out joining a political party, a move which would have allowed him to run for office next year.
Rosenberg favourite to head Riksbank
Sweden's Riksbank deputy governor Irma Rosenberg is favourite to succeed Lars Heikensten and become the first woman to lead the world's oldest central bank, a survey by Bloomberg found.
NY Fed's Geithner says market risks have altered
The president of the Federal Reserve Bank of New York said on Thursday 6 October that changes in financial markets have raised the question of whether the financial system is more or less vulnerable to shock, and warrant an examination of risk management…
Trichet says vigilance needed on inflation risks
ECB president Jean-Claude Trichet said on Friday 7 October that the threat of inflation in the eurozone should be watched carefully due mainly to high property prices.
US's Snow calls for more yuan flexibility
US Treasury Secretary John Snow said in testimony to the Senate Finance Committee at the Capitol on Thursday 6 October that he would ask China to increase currency flexibility.
Almunia sees better eurozone growth by year end
European Union Commissioner for Economic and Monetary Affairs Joaquin Almunia spoke on Thursday 6 October of his confidence that the eurozone will return better growth figures by the end of the year, than had been recorded recently.
RBI's Reddy urges firms to disclose fx exposure
India's central bank governor called on companies to make more disclosures on their exposure to foreign exchange and derivative products on Friday.
BSP launches 'Save your money in banks' campaign
When you deposit your money in banks, they will nurture your money to grow, making it also work for you. This was the claim of the Bangko Sentral ng Pilipinas (BSP) in its campaign for bank savings, according to information gathered by the Philippine…
NY Fed welcomes derivatives markets commitment
The Federal Reserve Bank of New York said on Thursday 6 October it welcomes the initial commitments made by fourteen major market participants to improve the infrastructure that supports the credit derivatives markets.
ECB backs Bank of Italy reform plan
The European Central Bank endorsed Italy's draft legislation to limit the term of the governor of the Bank of Italy from life to a single seven-year term on Thursday.
PBOC's Zhou sees trade friction ahead
China's central bank chief Zhou Xiaochuan said in an interview that he expects trade friction to worsen this year.
ECB's Weber says globalisation lowers inflation
European Central Bank Governing Council member and Bundesbank President Axel Weber said on Tuesday 4 October that globalization tends to lead to lower inflation.
IMF's Deppler suggests German economic coalition
In an interview with Frankfurter Allgemeine Zeitung, IMF European Department Director Michael C. Deppler said that a grand coalition would be best suited for determining a single economic policy in Germany.