News
ECB Press Release
PRESS RELEASE - European Central Bank buys Grossmarkt site, 5 March.
Greenspan upbeat on US recovery
US - Alan Greenspan, the chairman of the US central bank, has said that the US economic recovery is well under way.
Argentina seeks to clear way for IMF deal
ARGENTINA - Argentina's Senate yesterday debated the country's 2002 budget a day ahead of schedule as part of efforts to unlock a big support package from the International Monetary Fund.
Beige Book shows limited economic improvement
US - The US economy showed scattered "signs of improvement" through January and early February, but was not barrelling out of the gates, according to the latest anecdotal survey released on Wednesday by the Federal Reserve.
Papademos "very good" candidate for ECB vice head
GREECE - German Finance Minister Hans Eichel said Thursday that Greek Central Bank Governor Lucas Papademos was a "very good" candidate to succeed Christian Noyer as vice president of the European Central Bank, reports Dow Jones.
Pakistan c bank may hold some euro forex reserves
PAKISTAN - Pakistan may allocate part of its foreign exchange reserves in the euro when there is greater stability in the currency, the central bank said Thursday.
A cough and a headache halted Sabirin verdict
INDONESIA - A headache and a cough led a judge to postpone on Wednesday the verdict in the case of Central Bank governor Sjahril Sabirin, who is charged with corruption reports the Jakarta Post.
Pakistan law to check money laundering soon
PAKISTAN - The government has started working on an anti-money laundering law to check the inflow of suspicious transactions in the country's banking system.
ECB buys Frankfurt market site to build new office
GERMANY - With European Union enlargement in mind, the European Central Bank has agreed to spend about 60 million euros to buy the land housing Frankfurt's wholesale vegetable and fruit market to build a new headquarter.
Ethiopia slashes interest rates
ETHIOPIA - The Ethiopian central bank has halved interest rates to 3%, due to plunging deflation, weakening trade and investment and the global economic slowdown.
Barbados deal under fire from tax havens
BARBADOS - Caribbean tax havens have attacked the decision of Barbados to reach a settlement over demands by industrialised countries for reform.
Beijing backs away from controversial audit plan
CHINA - Chinese securities regulators have backed away from a controversial plan to force companies issuing shares to have their books audited by foreign accountants after furious lobbying against the policy by the domestic industry.
Nigeria's c bank urged to review monetary policy
NIGERIA - Central Bank of Nigeria and other regulatory authorities have been asked to reconsider their control strategies with the aim of striking a balance between exchange and interest rates policies in the overall interest of the productive sectors of…
Fed's Ferguson - Banks shouldn't become complacent
US - A top Federal Reserve official on Monday warned banks against complacency in taking risks as they deal with slowing growth, though he said there was no reason to be alarmed about the downturn in earnings.
Indonesia court delays verdict on c bank governor
INDONESIA - An Indonesian court has delayed for a week the verdict on central bank governor Sjahril Sabirin in a corruption trial stemming from a long-running banking scandal.
Bank of Canada Press Release
PRESS RELEASE - Bank of Canada keeps target for the overnight rate at 2 per cent, 5 March.
IMF News Brief
NEWS BRIEF - IMF Sending Mission to Argentina, 4 March.
IMF did help Argentina
LETTER - A Letter to the Editor by Thomas C. Dawson, Director, External Relations Department, International Monetary Fund, The Daily Yomiuri, 25 February.
German finance ministry, Buba spurn gold sale call
GERMANY - The German Bundesbank and finance ministry on Tuesday rejected suggestions by some government politicians that holes in the public purse could be plugged by the sale of gold and foreign exchange reserves.
Klein defends rate rise, attacks gov't policy
ISRAEL - Bank of Israel Governor David Klein Friday vigorously defended his recent rate hike and accused the government of having little interest in running the economy, reports Dow Jones.
Portugal's Constancio rules out ECB board bid
PORTUGAL - Portugal's central bank governor Vitor Constancio on Thursday ruled himself out of the race to replace European Central Bank Vice-President Christian Noyer who steps down from the board at the end of May.
London gold auction ends but arguments continue
UK - The UK completed its sale on Tuesday of 400 tons of gold - a $3.5 billion stack almost as big as two London taxis.
Bank of England News Release
NEWS RELEASE - HM Government Gold Auction Result, 5 March.
President Pervez to visit State Bank Pakistan
PAKISTAN - President Pervez Musharraf will visit the State Bank of Pakistan on 9 March for a briefing on the economic situation, sources said on Friday.