China
Japan's Nukaga scuppers sovereign fund plans
Fukushiro Nukaga, Japan's finance minister, said last Friday that the government was unlikely to set up a sovereign wealth fund because of the risks associated with such a move.
Chinese and Indian roles in world markets limited
China's and India's roles in the global financial system are relatively limited, research published by the European Central Bank finds.
IMF lowers growth outlook
The International Monetary Fund (IMF) said on Tuesday that it expects global growth to slow to 4.1% this year, down from 4.9% in 2007.
IMF calls on top state funds to make the rules
The International Monetary Fund has called on sovereign wealth funds in Singapore, Norway and Abu Dhabi to develop a set of benchmarks for transparency.
Chinese economist to get senior role at World Bank
In a move set to strengthen ties between the big emerging economies and the Bretton Woods institutions, the World Bank is to appoint Justin Lin, a Chinese economist, as its chief economist.
British MPC faces tough choices warns deputy Gieve
The Bank of England's monetary policy committee (MPC) faces difficult decisions in the months ahead because of the dual threat of slowing growth and rising inflation, said Sir John Gieve, the deputy governor responsible for financial stability.
Kuwait SWF set to make move on Wall Street
The Kuwait Investment Authority, a sovereign wealth fund, may be about to invest billions in Merrill Lynch and Citigroup, two of the biggest casualties of the subprime crisis.
UK opposition party call for more power for Bank
David Cameron and George Osborne, two senior politicians from Britain's main opposition party, the Conservatives, are pressing for the Bank of England to take on more responsibility for financial regulation.
China's Liu on problems plaguing property market
Excessively rapid price growth in certain cities, an irrational supply and demand structure and the inability of low income families to afford housing in the domestic real estate market are worrying officials at the People's Bank of China, says Liu Shiyu…
Central banks partly to blame for crunch
The creation of excessive global liquidity by key central banks was one of a number of phenomena that led to the current financial crisis, says Willem Buiter, a former member of the Bank of England's monetary policy committee, now an economics professor…
Renminbi's behaviour influences whole region
Since the exchange rate reform in July 2005, fluctuations in the renminbi have impacted the movement of other Asian currencies, research published by the Hong Kong Monetary Authority (HKMA) finds.
China names two central bank vice governors
The People's Bank of China announced the appointment of two vice governors on Thursday, Yi Gang and Ma Delun.
ECB could hike rates, says Orphanides
The European Central Bank's rate-setting governing council will not rule out raising interest rates, Athanasios Orphanides, a member of the council and governor of the Central Bank of Cyprus, said on Thursday.
China to name Ma Delun as vice governor
The People's Bank of China is set to appoint Ma Delun as vice governor of the central bank, local media reports said on Wednesday.
China lifts rates in new bid to halt inflation
The People's Bank of China on Thursday hiked rates for the sixth time this year in an effort to curb inflation now at an 11-year peak.
Taiwan hikes rates to 3.375%
The board of the Central Bank of the Republic of China (Taiwan) on Thursday opted to raise its benchmark discount rate by 12.5 basis points to 3.375%.
Currency flexibility needed for China's success
China will need exchange rate flexibility and, eventually, convertibility with open capital markets if it is to carry on succeeding as a large and diverse economy, says Maurice Obstfeld, an academic based at the University of California, Berkeley.
Renminbi revaluation would help dampen inflation
An appreciation of the renminbi against the greenback should lead to the Chinese authorities having more control over inflation, but would have little effect on the size of the United States trade deficit, says Marvin Goodfriend, an academic based at…
China SWF invests $5 billion in Morgan Stanley
The China Investment Corporation (CIC) became the latest sovereign wealth fund to capitalise on commercial banks' subprime losses on Wednesday, injecting $5 billion into Morgan Stanley, an American financial services group. The deal could lead to CIC…
China's Zhou speaks on financial stability
Flexibility and adaptability must be improved if central banks are to successfully deal with financial instability, says Zhou Xiaochuan, the governor of the People's Bank of China.
Emerging Asia impacts commodity price trend
Industrial activity in emerging Asia appears to have become, since 1997, a stronger driver of oil and commodity price movements than business cycle trends in developed economies.
Chinese monetary policy "influenced by US cuts"
Zhou Xiaochuan, the governor the People's Bank of China, said that the recent rate cuts by the Federal Reserve, together with rising domestic consumer prices, would have "considerable influence" over Chinese monetary policy.
Zhou parries calls for imbalances adjustment
Zhou Xiaochuan, the governor of the People's Bank of China, said that the central bank would not allow for a faster appreciation of the renminbi to reduce global imbalances.
Chinese inflation surpasses previous peak
China's inflation accelerated further in November after matching the 11-year peak reached in August the previous month.