News
Bank of Italy responds to Parmalat criticism
Italy's central bank mounted a fight back at the weekend following government accusations that it had neglected its regulatory duties and ignored warnings over the Parmalat fraud.
Pakistan plans to open ATM service in Afghanistan
Afghanistan's banking sector will move over the next few weeks from comprising just six rundown specialist banks to one where several international commercial operations compete for business, according to Afghanistan's central bank chief.
Bank cards get OK for Hong Kong use
Mainland-based banks have got agreement from the People's Bank of China to expand their bank card business in Hong Kong, even though overseas banks are still banned from issuing bank cards on the Chinese mainland.
Canada to unveil its new $100 bank note
Canada will unveil its new $100 bank note on 28 January 2004. The first high denomination note in the Canadian Journey series will be unveiled by the Minister of Natural Resources Canada, and Bank of Canada Governor David Dodge.
ECB announces results of Eurosystem consultation
The ECB released the result of the public consultation on measures to improve the collateral framework of the Eurosystem on 15 January.
IIF says IMF breaking rules on Argentina
The International Monetary Fund has come under fire from the Institute of International Finance who accuse it of breaking its own rules by lending money to Argentina.
Fed's McTeer : if growth continues jobs will come
Robert McTeer, president of the Federal Reserve Bank of Dallas, said on Thursday e15 January that mployment growth has been disappointing but should rebound as long as the economy keeps growing at a healthy pace.
No inflation threat in US- Fed's Hoenig
President Thomas Hoenig of the Kansas City Fed spoke optimistically on Thursday 15 January about U.S. economic growth this year and said inflation would be kept under control by the slack in the labour market.
Dollar not hurting US economy- Atlanta's Guynn
Atlanta Federal Reserve President Jack Guynn said on Thursday 15 January that the US dollar's decline had been controlled and was not hitting the American economy.
Dutch won't back EU budget case
Dutch Finance Minister Gerrit Zalm has said that his government will not support the European Commission's legal action to enforce the EU stability pact.
ECB's Issing is concerned by strong euro
The European Central Bank's chief economist Otmar Issing said on Friday 16 January that he was "concerned" about the impact of the strong euro.
Bank of Italy criticised on Parmalat case
Italian economy minister Giulio Tremonti said on Thursday 15 January that the Bank of Italy had failed to respond to signals that something was wrong at Parmalat, now involved in one of Europe's biggest financial scandals.
Poland to name new monetary council members
Membership of the Polish central bank's Monetary Policy Council is up for renewal in January and February with suggestions that the ruling coalition is attempting to stack the Council in its favour.
Gerashchenko enters Russian presidential race
Nine candidates, including former Central Bank chief Viktor Gerashchenko, have met a year-end deadline to register to run against President Vladimir Putin in Russia's March presidential election.
Court rejects plea to prosecute BSP chief
The Supreme Court in the Philippines has denied "with finality" a petition to prosecute central bank governor Rafael Buenaventura and several central bank officials for the closure of medium-sized Urban Bank in 2000.
Bank of Israel's Klein to petition on salaries
Governor David Klein of the Bank of Israel has announced he intends to petition the High Court against a decision to intervene in salary terms and other benefits awarded to employees of the bank.
Norges Bank executive director gets IMF move
Norges Bank Executive Director Jon Solheim is to take office as executive director for the Nordic-Baltic countries at the IMF in Washington.
Billie Jean, or is it Mervyn King?
The surname King will forever be remembered by tennis fans - but Bank of England governor Mervyn King is also a player we hear, as well as a darts fan.
Medina favorite for Bank of Israel post
Still with the Bank of Israel, it was reported that the chances of Victor Medina becoming central bank governor in January 2005 have increased after Prime Minister Ariel Sharon dropped his objections.
Zeti wins top honours as central banker
Bank Negara Malaysia governor Tan Sri Zeti Akhtar Aziz is The Banker's choice as the central bank governor for 2004.
New York Fed names five vice presidents
The Federal Reserve Bank of New York has announced that its board of directors has approved the promotion of five vice presidents.
Venezuela's central bank defies Chavez
Venezuela's central bank is examining ways in which it can deflect controversial demands from president Hugo Chavez to hand over $1bn of its foreign reserves for what could be a public spending spree.
Israel's Klein: Monetary policy achieved goals
Speaking at a seminar on financial cooperation among the Mediterranean nations on Thursday 15 January, Bank of Israel governor David Klein defended the Israeli central bank's monetary policy in recent years, saying it had achieved its goals.
Saddam notes cease to be legal tender
Bank notes printed with the face of Saddam Hussein have ceased to be legal tender in Iraq, removing another memory of the former dictator.