News
Dallas Fed chief sees dollar staying top currency
Federal Reserve Bank of Dallas President Richard Fisher said on Friday 17 November he does not expect a global shock that would be big enough to remove the dollar's status as the world's top currency.
Iran's Sheybani hails cooperation with Europe
Iran's central bank governor Ebrahim Sheybani on Friday 17 November praised the good cooperation between Iranian and European banks.
UAE has no plans to diversify into yen reserves
The governor of the United Arab Emirates central bank said Friday 17 November the UAE does not see the Japanese yen as an attractive currency to diversify into from its existing foreign exchange reserves.
IMF's Rato says more rate rises may be needed
International Monetary Fund managing director Rodrigo de Rato said in an interview with Bloomberg on Friday 17 November that central banks may need to increase interest rates further to keep inflation under wraps, amid faster global economic growth.
US renews calls for China yuan reform
US Deputy Treasury Secretary Robert Kimmitt on Friday 17 November called on China to move more quickly to reform its currency and said he would likely discuss the issue with Chinese officials at the Group of 20 meeting in Melbourne.
BOT to enhance regulatory practices
Tarisa Watanagase, the new governor of the Bank of Thailand, said Wednesday 15 November that the central bank will look to enhance efficiency and apply the best international regulatory practices to the banking system.
BOJ's Fukui doesn't rule out rate rise any time
The Bank of Japan hasn't ruled out any time for raising interest rates, governor Toshihiko Fukui said Thursday 16 November.
BOT selects new MPC member
The Bank of Thailand has selected Commerce Ministry's permanent secretary, Karun Kittisataporn as a new member of its monetary policy committee, The Nation reported Thursday 16 November.
Fed minutes show concern on curbing inflation
Keeping inflation under control remains the top concern for Federal Reserve policymakers, minutes published Wednesday 15 November showed.
Rubin, Volcker see shift away from dollar
Robert E. Rubin, Treasury secretary under President Bill Clinton, and former Federal Reserve chairman Paul Volcker have questioned whether foreign investors will keep increasing dollar holdings.
Riksbank unanimous on rate hike - minutes
The minutes from the Swedish Riksbank's 25 October monetary meeting published Wednesday 15 November show the board was unanimous in its decision to increase the repo rate 0.25 percentage points to 2.75 pct.
RBI's Reddy warns on asset prices
Reserve Bank of India governor Y V Reddy told the Financial Times in comments published Wednesday 15 November that Indian property prices are rising uncomfortably fast.
NY Fed to change Treasury holdings cap
The Federal Reserve Bank of New York said on Monday 13 November it was changing the limits on its holdings of U.S. Treasury securities in its portfolio.
Iran will not use dollar in trade
Iran plans to carry out transactions in currencies other than the dollar in retaliation for US anti-Iran banking policies, IRNA reported Tuesday 14 November.
ADB names Rajat Nag as MD general
The Asian Development Bank announced Tuesday 14 November it has appointed Rajat M. Nag as its new Managing Director General.
EU single payments area plan in doubt
European Union lawmakers said Wednesday 15 November that plans for a single payments area in Europe could hit the buffers unless governments reach a deal soon.
Think-tank joins call for China FX diversification
A government think-tank said in a report published on Monday 13 November that China should diversify its US$1 trillion foreign exchange reserves by building up strategic reserves of crude oil, and precious metals.
Drug linked to disintegrating euros
A mystery substance that caused some euro banknotes in Germany to fall to pieces may be linked to the party drug crystal speed, Der Spiegel magazine reported on Saturday 11 November, quoting regional police.
Iraqi central bank officials get skills boost
A five-day workshop offering training to officials from the Central Bank of Iraq was launched Monday 13 November in Bahrain.
Russia's Melikyan vows to close banks
The Russian central bank will press on with its cleanup of the banking system despite the murder of reformist banking supervisor Andrei Kozlov, the man who took over his role said in an interview Friday 10 November.
Eurozone rates "damn low" says ECB's Wellink
European Central Bank council member Nout Wellink said in an interview published Tuesday 14 November interest rates in the eurozone are still ``damn low.''
Bernanke holds fewer political meetings
According to data gathered by an academic, Federal Reserve chairman Ben Bernanke is holding fewer political meetings than his predecessor, Alan Greenspan, did in the last five years of his term at the Fed.
First CBS governor Guy Morel dies
Guy Joseph Morel, the first governor of the Central Bank of Seychelles, passed away Thursday 9 November at the age of 73, the Seychelles Nation reported.
Pakistan soon to launch RTGS system
The president of telecoms company PTCL, Muhammad Abdullah Bamakhrama, has said it will soon provide its latest and state-of-the-art Real Time Gross Settlement (RTGS) system to the State Bank of Pakistan.