News
Cracks emerge over ECB’s bond purchases
Bundesbank head and ECB leadership candidate Axel Weber criticises central bank’s entry into bond markets, analysts disagree on whether intervention justified
Fed audit clause unanimously approved for reform bill
US lawmakers vote 96-0 in favour of including controversial amendment to audit the Fed in financial sector reform bill
Estonia poised for euro entry, exports lead recovery
Bank of Estonia sees output helped by export upswing the day before Brussels decides on euro accession
Bank of Canada launches new commodities index
Bank of Canada replaces old fixed-weight measure with new Fisher chain index of Canada’s commodities market
Europe gambles to save currency union
Markets surge as European Central Bank changes course and commits to buying government bonds, move comes as eurozone and IMF unveil trillion-dollar support package
Philly Fed's Plosser: Fed acted on contagion fear
Philadelphia Federal Reserve's Charles Plosser says swap lines were re-opened on concern over impact of eurozone debt crisis on US banks
SNB’s Hildebrand vows to fight franc appreciation
Swiss National Bank chief Philipp Hildebrand says the eurozone’s debt troubles will not be allowed to trigger deflation in Switzerland
Alamsyah claims deputy spot at Bank Indonesia
Former research director Halim Alamsyah wins close vote to replace Siti Fadjriah as deputy governor at Bank Indonesia
Ex-governor Fraser knocks RBA’s rapid hikes
Former Reserve Bank of Australia chief Bernie Fraser says central bank has been too eager in its rate hikes given the European debt crisis and its potential impact on growth worldwide
Iceland's top regulator: evidence shows failed banks broke the law
Director-general of Iceland's financial regulator says evidence exists that some banks were involved in fraudulent activities including insider trading and propping up shares, ex-Kaupþing chief arrested on charges
'Audit the Fed’ clause weakened on independence fears
Senator who proposed full Fed audit drops demands to review discount window and open market operations, White House and Fed pressure seen as key
Fed’s Hoenig calls for counter-cyclical leverage ratio, slams Basel requirements
Hoenig calls for change in regulatory approach to bank lending by ditching Basel II approach in favour of ceiling on leverage
Norway’s wealth fund profits again
Norges Bank’s Government Pension Fund-Global returns just under 4% for first quarter of 2010, outperforming benchmark once again; fund will set up Singapore office to strengthen Southeast Asian presence
Rate round-up: Czech National Bank cuts on eurozone woe
Romania and Iceland also loosen; Australia, Peru and Norway raise rates by 25 basis points, Egypt and Indonesia hold
Trichet plays down 'nuclear option' to end Greece crisis
ECB president Jean-Claude Trichet says option for outright purchase of government bonds is not on table
Sovereign troubles will drag banks down: Moody's
Ratings agency says sovereign downgrades in the southern eurozone could lead to decline in banking sector, further spending cuts will exacerbate problem
Controversial ‘audit the Fed’ amendment stirs blogosphere
Independent senator proposes clause that gives government audit office extensive powers to review Fed’s decisions, support mounts among lawmakers and commentators
Senate okays disputed Argentine reserve transfer
Lawmakers in Argentina's upper house approve president’s decree to transfer $4.4 billion of central bank reserves to bond repayment fund
Philly Fed's number two to step down
Philadelphia Federal Reserve first vice president William Stone plans to step down towards the end of this year
Gono retains top job in new Zimbabwe board
Reserve Bank of Zimbabwe governor Gideon Gono shock survivor of management cull; nine new board members appointed to improve governance standards
European rating agency could break the hold of 'big three': Barnier
European commissioner Michel Barnier moots a continental ratings agency to introduce diversity, comments follow criticism of ratings agencies from European finance minister
BoE broad money returns to pre-crisis growth levels
Bank of England estimates show broad money rose sharply in March, as credit conditions in the United Kingdom continue to improve
Indonesia’s finance minister named World Bank managing director
Mulyani Indrawati moves to World Bank Group months after alleged corruption accusations
Investors’ hold on Sarb to be weakened
South African cabinet approves bill of amendments to central bank law that would disrupt formation of shareholder blocs and enhance corporate governance standards