News
Shock rise in Japanese jobless
JAPAN - Unemployment in Japan rose to 5.3% in September, another record high.
Pakistan seeks landmark deal on debt rescheduling
PAKISTAN - Pakistan is seeking an unprecedented debt rescheduling agreement with the Paris Club of sovereign creditors, which would extend help on terms usually reserved for much poorer countries.
China's gold exchange launch seen on 28 Nov
CHINA - China could launch its gold exchange in Shanghai next month with about 100 domestic firms permitted to trade gold for physical settlement only, industry sources in Hong Kong said on Tuesday.
Buba Welteke: Euro-12 price pressure to ease soon
DENMARK - Early indicators signal price pressure in Germany and the euro-12 will ease further in the near term, but euro-12 financing conditions are favourable, Deutsche Bundesbank President Ernst Welteke said Monday.
Dallas fed board chairman and dep reappointed
US - The Federal Reserve Board of Governors has reappointed H. B. Zachry chairman and Patricia Patterson deputy chairman of the Federal Reserve Bank of Dallas board of directors for the year 2002, beginning 1 January.
ECB gold reserves to 26 October
GERMANY - The Eurosystem's net reserves of gold and gold receivables declined by EUR1 million to EUR128.2 billion in the week ended 26 October, the European Central Bank said Tuesday.
Economists say King should prepare for BoE top job
ARTICLE - Wanted from Spring 2003: a safe pair of hands to steer British monetary policy through economic storms and likely turbulence over European monetary union.
Polish PM - Govt won't curb c bank independence
POLAND - Polish Prime Minister Leszek Miller pledged Thursday 25 October in his maiden policy address to parliament that his new government will take no steps to curb the independence of the central bank and its rate-setting Monetary Policy Council, or…
Citibank launch c bank securities lending program
US - Citibank Worldwide Securities Services has launched a lending program for central banks.
Parliament delays 'fit and proper' test for BI
INDONESIA - The Commission IX of the House of Representatives finallydelayed the fit and proper test for Bank Indonesia's Deputy Governorcandidates due to limited time and heavy schedules of the boardmembers of the Budget Sub-Committee.
Greenspan - Informed consumers make better choices
US - Federal Reserve Chairman Alan Greenspan in a speech on Friday stressed the importance of education in helping consumers make better choices in their financial lives.
Bank of Japan Monetary Policy Meeting
REPORT - Bank of Japan Monetary Policy Meeting, 29 October. Outlook and Risk Assessment of the Economy and Prices (October 2001).
Bank of Japan Monetary Policy Meeting
REPORT - Bank of Japan Monetary Policy Meeting, 29 October. Announcement of the Monetary Policy Meeting decisions (unchanged).
New Zealand Reserve Bank sells Auckland building
NEWS RELEASE - The Reserve Bank of New Zealand has sold its building located at 67 Customs Street, Auckland.
Bank of Japan warns of recession
JAPAN - The Bank of Japan has acknowledged the world's second largest economy will shrink this year by cutting a growth forecast for 2001 that many economists have long viewed as unrealistic.
Japanese output slumps
JAPANESE - Industrial production in the world's second largest economy slumped by a worse-than-expected 2.9% in September following last month's attacks on the US.
Japan in new territory after two years deflation
JAPAN - The Japanese government admitted Friday that the country had notched up two entire years of deflation - a phenomenon not seen since the second world war in an industrialised country and only rarely experienced in history.
Fed's Poole - More rate cuts to be made if needed
US - The U.S. economy may show some signs of recovery toward the end of this year, said William Poole, president of the Federal Reserve Bank of St. Louis.
Emergency meeting on terrorist funds
US - An international taskforce is to hold an emergency meeting in Washington to decide what can be done to trace and block terrorist funds.
Several ECB members wanted 11 Oct rate cut: Report
GERMANY - Several members of the European Central Bank's governing council wanted to cut interest rates at its 11 October meeting in Vienna, according to a report to be published late Monday in French daily Le Monde.
Trichet: Have confidence in inflation deceleration
FRANCE - Bank of France Governor and European Central Bank Executive Board member Jean-Claude Trichet said Friday that he's confident inflation in the euro zone will continue to decelerate.
Ukraine attractive to foreign investors - Nat Bank
UKRAINE - The economy of Ukraine is becoming increasingly attractive to foreign investors, a Ukrainian source quotes Anatoliy Shapovalov, First Deputy Board Chairman of the National Bank of Ukraine, as saying in a speech.
Omani banks form national ATM network
OMAN - A deal to form a national ATM network called Oman Switch by merging Shamel ATM switch and al-Watani ATM switch was signed at the Central Bank of Oman (CBO) on 17 October in the presence of Hamood bin Sanjoor al-Zadjali, CBO Executive President.
Taiwan Sept bad check ratio 0.86% vs August 0.78%
TAIWAN - Taiwan's bad check ratio in terms of the number of checks issued rose to 0.86% in September from 0.78% in August, the island's central bank said Monday.