News
Weber denies mooting €80 billion figure for Greek bailout
Bundesbank president Axel Weber says the figure came from previous Greek estimates
UK FSA to formally investigate Goldman Sachs
Financial Services Authority begins official probe into claims that the investment bank defrauded its clients following SEC lawsuit
Buba's Weber says Greece will need up to €80 billion: reports
Bundesbank president Axel Weber reportedly tells German parliamentary group Greek bailout costs could soar
Canada scraps commitment to hold rates; signals hike
Bank of Canada drops conditional commitment to hold overnight rate at 0.25%; pledge one of a number made by central banks to soothe markets’ nerves
India hikes again as food price inflation catches on
Reserve Bank of India raises both repo and reverse repo rates by 25 basis points as headline inflation stops just short of 10%, draws $1.25 trillion out of system
Iceland's Guðmundsson laments lack of progress in regulation
Icelandic central bank governor says the promised regulatory overhaul has yet to transpire and institutions still do not have all necessary information to prevent a collapse
Six banks to vie for entry into Libya
Libyan central bank picks three Arab and three international banks to compete for two licences that will allow lenders to set up in the country according to state news agency
Junk bonds the way forward for China: ex-PBoC deputy
Former Chinese central bank vice-governor Guo Shuqing says new and small start-ups stand to gain from the issuance of non-investment grade debt
Finland's Salo to step down
Bank of Finland board member to depart in October
Greece takes grudging step towards bailout
Greek government initiates procedures concerning proposed $40 billion rescue with eurozone and IMF, problems anticipated in joint effort
Thailand likely to postpone hike as protests turn bloody
Bank of Thailand will put off rate normalisation till June in order to soothe markets rattled by clashes between anti-government protestors and army, say analysts
Sheikh Hamed replaces brother as Adia managing director
Sheikh Hamed bin Zayed al-Nahyan takes over Sheikh Ahmed’s role at helm of Abu Dhabi Investment Authority
FSA names new consumer education chief
Supervisor picks pensions regulator head Tony Hobman to lead new consumer financial education body
Azerbaijan central bank pushes to privatise banks
Central bank chairman Elman Rustamov outlines plans to privatise the Azerbaijan’s banking sector
CNB’s Tůma ends term seven months early
Czech National Bank governor to step down in June to stagger terms of board members
Argentina’s Marcó del Pont gets green light but reserves plan fails
Argentine Senate approves Mercedes Marcó del Pont as central bank’s new governor but lower house rejects President’s reserves plan; controversial debt swap to be unveiled
Vietnam lifts loan rate caps to dampen inflation
Vietnamese central bank frees commercial loan rates from base rate to stymie credit growth, new law which would give it more independence under discussion
EU finance chiefs to mull creditor haircuts
European finance ministers will discuss proposals to dock uninsured creditors and adopt instruments that convert debt to equity in distress at informal meeting on Saturday
Stimulus saved Asia, but currency changes crucial: ADB
Asia growth to soar on remnants of stimulus, but currency appreciation and capital controls key to long-term prospects, says Asian Development Bank
Fund relents on capital controls
IMF admits capital controls have a role to play in its latest flagship report overturning long-held position, fleshes out possible capital surcharge framework
Central bank net gold sales fell 80% in 2009
Slowdown in European sales and India's purchase from IMF lead net sales to slump to 41 tonnes says research body
Singapore in surprise tightening
Monetary Authority of Singapore raises centre of exchange rate band, says it will target modest currency appreciation
IMF stockpiles funds for crisis resolution
Fund prepares for the worst with $500 billion in extra funds from a standing borrowing arrangement with selected members
Skrzypek warns Poland against adopting the euro in final remarks
An article written by late president of the National Bank of Poland Slawomir Skrzypek warns against a premature euro entry, his death on Saturday may have implications on the central bank's stance on the single currency