News

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.

Argentina to resume IMF talks

ARGENTINA - In a bid to convince the International Monetary Fund (IMF) to resume economic assistance to Argentina, economy minister, Jorge Remes Lenicov will on Tuesday visit Washington to present his package of economic measures.

G7 to discuss world recovery

CANADA - Efforts to end the world economic downturn and measures to lift the weak Japanese yen will be on the agenda when finance ministers and central bankers from the Group of Seven industrial nations meet in Ottawa, Canada.

Andersen hires Volcker to restore confidence

US - Accounting giant Arthur Andersen, under attack for its auditing of Enron's finances, said Sunday it has tapped former Federal Reserve Board chairman Paul Volcker to help overhaul its business procedures.

IMF News Brief

NEWS BRIEF - IMF's Kohler Welcomes Remes Visit, says IMF Working Closely with Argentina, 8 February.

Kazakh president praises central bank chief

KAZAKHSTAN - President of Kazakhstan Nursultan Nazarbayev has sharply criticized national companies. "National companies have turned into feudal principalities and their leaders into princelings," Nazarbayev told the Cabinet on Thursday. But the…

Greek c banker Papademos may replace Noyer

GREECE - Greek central bank governor Lucas Papademos is emerging as a frontrunner to become the European Central Bank's next vice president, European Commission and Greek government sources said Thursday.

US stimulus package fails

US - A US economic-stimulus package is all but dead after two votes in the Senate that failed to pass either version of plans crafted by Democrats and Republicans.

Argentina halts currency trading

ARGENTINA - The Argentine Government has extended the closure of banks and foreign exchange centres until 11 February, giving the market more time to prepare for a full flotation of the peso.

ECB Press Conference

PRESS CONFERENCE - Introductory statement, Willem F. Duisenberg, President of the European Central Bank, Christian Noyer, Vice-President of the European Central Bank, Maastricht, 7 February.

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