News
Bank of Italy says still talking to ECB
The Bank of Italy said Tuesday 11 October it was still talking with the European Central Bank about its role in a controversial takeover battle and denied a press report claiming the ECB had concluded that Antonio Fazio broke banking rules.
Hungary's PM says euro date needs more thinking
Hungarian Prime Minister Ferenc Gyurcsany said Tuesday 11 October that adopting the euro in 2010 needs more consideration because of the social implications of the budget spending reductions the move would require.
Belarus, Russia agree on ruble introduction plan
The National Bank of Belarus and the Russian central bank have approved a plan of action to introduce the Russian ruble as sole legal tender in Belarus.
Italy Senate approves central bank reform
Italy's Senate on Tuesday 11 October approved a bill to reform the Bank of Italy and the financial sector.
Statement by IMF's Rato on earthquake disaster
Rodrigo de Rato, Managing Director of the International Monetary Fund (IMF), made a statement on Saturday 8 October in Washington, D.C. regarding the earthquake affecting Pakistan, north India and Afghanistan.
Fukui and Greenspan to meet in Tokyo
Bank of Japan Governor Toshihiko Fukui will hold talks with U.S. Federal Reserve Chairman Alan Greenspan on 17 October at the BOJ's head office in Tokyo, officials said.
Colombia central bank sold $250m reserves to govt
Colombia's central bank sold the government $250 million in foreign reserves and bought 880 billion pesos ($382 million) worth of TES Treasury bonds over the past week, the bank said on Friday 7 October.
Bank of Italy governor questioned in Rome
Prosecutors were questioning embattled Bank of Italy Governor Antonio Fazio on Monday 10 October regarding his involvement in the takeover struggle for Banca Antonveneta SpA, the central bank said.
Hungary's Jarai warns deficit moving wrong way
Hungarian central bank governor Zsigmond Jarai warned in an interview on Monday 10 October that the country's budget deficit is moving in the wrong direction for euro membership.
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.