News
Japan upgrades economic assessment
The Japanese government upgraded its view of the economy on Wednesday 15 June for the first time in 11 months, citing recovery in personal spending and the labour market.
Flexible yuan would help world economy says Snow
US Treasury Secretary John Snow said on Tuesday 14 June that the world economy would benefit from a more flexible Chinese yuan exchange rate.
SA fin min says IMF gold sales not an option
South African Finance Minister Trevor Manuel said on Monday 13 June that the sale of gold held by the International Monetary Fund was not an option in funding debt relief for poor developing countries any more.
ADB chief calls for early yuan shift
Asian Development Bank President Haruhiko Kuroda said on Tuesday 14 June that China should shift to a more flexible currency regime at an early date as such a move would benefit China and the rest of the world.
PBOC to guard against inflation
China's central bank's stance will remain focused on preventing major fluctuations in the country's economy and keeping prices "from growing to quickly", the official Financial News reported.
Bof E did not lie over BCCI, says former director
A former head of supervision at the Bank of England rejected allegations on Monday 14 June that the Bank had lied during an inquiry into the collapse of Bank of Credit and Commerce International.
IMF's Rato welcomes G8 proposal on debt
IMF Managing Director Rodrigo de Rato welcomed the G8 Finance Ministers' Conclusions on Development, the IMF said in a press release on 11 June.
G8 pressures Asia to adopt flexible FX
Finance ministers from the G8 rich nations on Saturday 11 June urged emerging Asia to adopt flexible currency policies, but did not mention currencies in their final communique.
Noyer says no European government would leave euro
Banque de France President and European Central Bank governing council member Christian Noyer said in an interview he believes no European government would seriously consider leaving the euro.
ECB's Issing doesn't rule out rate cut
In an interview with German weekly magazine Der Spiegel, ECB chief economist Otmar Issing said he did not think the recent "no" votes in France and the Netherlands were adversely affecting the currency.
Former Dallas Fed head sees two further rate hikes
The Federal Reserve will hike rates by two more quarter-point moves and then stop, according to Robert McTeer, the former president of the Federal Reserve Bank of Dallas.
EU's Almunia says euro to 'stay forever'
EU Economic and Monetary Affairs Commissioner Joaquin Almunia has downplayed concerns over the viability of European Monetary Union, saying that no member is likely to abandon the body.
Bush says replacing Greenspan will be hard
US president Bush said in an interview on Wednesday 8 June that finding a replacement for Federal Reserve chairman Alan Greenspan is going to be a tough job.
Sao Tome names central banker new prime minister
The president of Sao Tome, a tiny African archipelago, named the head of the country's central bank as the new prime minister late on Tuesday 7 June.
Fed-speak a snafu for new Dallas Fed chief
This article looks at what can happen when Federal Reserve officials stray beyond what is known as "Fed-speak". Recent comments by Dallas Fed chief Richard Fisher that the Fed was "clearly in the eighth inning" of a long run of interest rate hikes, with …
New members of BSP's Monetary Board named
President Gloria Macapagal-Arroyo of the Philippines has announced the appointment of three new members to the Monetary Board, the policy-making body of the central bank.
Brigita Schmognerova named EBRD Vice President
Brigita Schmognerova, a former minister in the Slovak Republic and senior figure at the UN, has been appointed the new EBRD Vice President, Human Resources & Administration.
Former Buba president takes job at Russian bank
The former head of Germany's Bundesbank, Ernst Welteke, who resigned in April last year after criticism for accepting a free hotel stay from a commercial bank, has been appointed independent board member at a bank in southern Russia, Russian media…
Top China economist calls for move on yuan
A top Chinese economist has said the country should make a modest revaluation of the yuan in an attempt to reduce some of the speculation over Beijing's intentions on the currency.
Russia to prevent sharp ruble growth this year
Russia's central bank head Sergei Ignatyev has said the bank will try to prevent sharp ruble growth this year.
Snow urges China move to flexible yuan
US Treasury Secretary John Snow said in an interview on Thursday 9 June that he is urging China to move to a more flexible yuan and would like to see more flexible exchange rates across Asia.
RBNZ's supervisory role to stay
The Reserve Bank of New Zealand's supervisory role would not be removed following a review of trans-Tasman banking regulations, Finance Minister Michael Cullen said on Friday 10 June.
Tanigaki says China to benefit from currency move
Japanese Finance Minister Sadakazu Tanigaki told reporters on Friday 10 June that his recommendation was that the Chinese government scrap the yuan's dollar peg system.
Kenneth Rogoff appointed new adviser to Riksbank
Sweden's Riksbank appointed Professor Kenneth Rogoff of Harvard University as adviser to the Riksbank's Executive Board on Thursday 9 June.