News
Havel probably breached law with c bank account
CZECH REPUBLIC - President Vaclav Havel has probably been violating the law for many years, the tabloid Super writes today.
Israeli regulators warn banks
ISRAEL - Israeli regulators warned commercial banks they looked to be inadequately covered against a surge in foreign-currency lending last year and urged them to tighten standards.
Laundering Bill will tighten rules, Jalan tells US
INDIA - The US has asked India to "redouble efforts against hawala" as part of the proposed measure to combat terrorist financing, Kenneth Dam, deputy secretary, US treasury department, told the media on Monday.
UAE mint coin for university silver anniversary
UAE - The UAE Central Bank will issue a commemorative Dh50 coin on Sunday to mark the 25th anniversary of Emirates University.
Czech National Bank shows loss for 2001
CZECH REPUBLIC - The Czech national Bank (CNB) posted a loss of CZK 28.6 bn in 2001, against a profit of CZK 2.5 bn in 2000, according to figures released by the bank.
China to concentrate on supervision in 2002
CHINA - The People's Bank of China (PBOC), China's central bank, will focus its attention on reinforcing financial supervision in the year 2002, said Dai Xianglong, governor of the PBOC.
Argentina has a month to get IMF aid, bankers say
ARGENTINA - Argentina may descend into a chaotic spiral of hyperinflation and social unrest unless the government can secure a massive IMF loan package in the next 30 days, local bankers and analysts said.
Tobin tax, regulation may win favour-Swede cbanker
SWEDEN - Capital market regulation and the idea of a levy on speculative foreign exchange transactions, a "Tobin tax", may gain favour among politicians after a decade of currency crises, Sweden's central bank said on Monday.
Central Bank of Sweden Press Release
PRESS RELEASE - Sveriges Riksbank's Lars Heikensten: Low-inflation environment has underpinned growth: four examples, 4 February.
The Riksbank's annual report 2001
PRESS RELEASE - The Executive Board of the Riksbank has taken a decision on the Riksbank's annual report for 2001. Net revenue amounted to SEK 19.3 billion, 8 February.
Federal Reserve Board FOMC Minutes
PRESS RELEASE - The Federal Reserve Board on Friday released the minutes of its discount rate meetings from 19 November, 2001 to 11 December, 2001.
Federal Reserve Bank of Atlanta - Press Release
PRESS RELEASE - Atlanta Fed names Juan C Sanchez Assistant Vice President, 31 January.
Argentina's peso under pressure
ARGENTINA - Argentina's currency, the peso, has fallen sharply on the money markets after a one-week suspension of trading.
G7 upbeat on global economy
CANADA - The world's seven leading industrialised states have said prospects of an upturn in a global economy hit by the 11 September attacks on America have strengthened, although risks remain.
South African bank's accounts frozen
SOUTH AFRICA - Deposits have been frozen at the eighth largest bank in Africa after bankruptcy fears spurred savers to withdraw more than 1bn rand (£61m; $87m) last week.
Japan acts to end recession
JAPAN - Prime Minister Junichiro Koizumi has asked his government minister to hammer out a series of economic reforms aimed at lifting Japan out of recession.
New anti-fraud cards on the way
UK - New measures to counter credit and debit card fraud have been unveiled by the UK's banking industry.
Fears grow for Venezuelan currency
VENEZUELA - Venezuela's currency has renewed its slide, after support measures failed to stop investors, citizens and businesses converting cash into US dollars.
Punt passes away quietly
IRELAND - The Irish pound ceased to be legal tender from midnight on Saturday as Ireland became the second country within the eurozone - after the Netherlands - to ditch its old notes and coins.
Treasury's Taylor favoured as Greenspan heir
US - US Treasury Undersecretary John Taylor is the top pick to replace Alan Greenspan as chairman of the Federal Reserve among an influential group of economists.
Pakistan central bank chief suffers heart attack
PAKISTAN - Dr Ishrat Hussain, Governor of the State Bank of Pakistan, suffered a heart attack last Wednesday.
Bank may put printing pounds in private hands
UK - Private sector operators may be given the chance to print money under proposals by the Bank of England to jettison its banknote operations.
Wim's way with words
FEATURE - Duisenberg's volubility has earned him many enemies and even a few admirers. He has certainly become known as a rather unconventional central banker.
Beijing toughens bank rules
CHINA - After a call by China's top leadership to strengthen supervision of the country's troubled financial system, the central bank on Friday unveiled a program for tighter inspection of bank finances.