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Japanese companies with strong ties lose out
Japanese firms with strong bank ties are less profitable, finds a new paper from the Bank for International Settlements.
National Bank of Kazakhstan - Annual Report 2007
In 2007, the National Bank of Kazakhstan gave priority to financial rather than price stability, says the central bank in its latest Annual Report.
It's his way or the highway for Bernanke
Ben Bernanke, the chairman of the Federal Reserve, will travel to his hometown of Dillon, South Carolina, over the weekend to see an interchange renamed in his honour.
Fed's Beige Book: economy deteriorating
The latest edition of the Federal Reserve's Beige Book, a guide to business conditions in the 12 districts overseen by the regional Feds, indicates that economic activity deteriorated further in January and February.
Central Bank of Bahamas - Annual Report 2007
In 2007, Bahamas's economy saw a slowdown in credit expansion and construction activity, notes the latest Annual Report from the country's central bank.
ICE's CDS clearing plan gets Fed's approval
The Fed has accepted a bid by ICE Trust - an amalgam of an exchange operator, a provider of clearing services and eight banks - to run a central counterparty and clearing house for the global credit-default-swap (CDS) market.
India makes fresh attempt to spur growth
The Reserve Bank of India announced a fresh round of rate cuts on Wednesday aimed at restoring the health of its ailing economy.
Bank begins £150 billion money-supply boost
The Bank of England on Thursday said it would boost the money supply by up to £150 billion ($211 billion) in a bid to revive the health of Britain's ailing economy. The Bank's Monetary Policy Committee also cut rates to a fresh all-time low of 0.5%.
ECB books €2.7 billion surplus
The European Central Bank (ECB) earned a surplus of €2.66 billion ($3.34 billion) last year on the back of the euro's appreciation against the dollar and the yen, it emerged on Thursday. The central bank also revealed that it was owed €10.3 billion by…
Crisis impacting low-income countries: DSK
Third wave of the crisis is hitting low-income countries, said Dominique Strauss-Kahn, the managing director of the International Monetary Fund (IMF).
AIG loan difficult and uncomfortable: Fed's Kohn
The Federal Reserve's rescue of American International Group has entailed very difficult and uncomfortable decisions for a central bank, Donald Kohn, the vice-chairman of the Fed, told Congress on Thursday.
Japan to use currency reserves to aid economy
Japan's government unveiled plans on Tuesday to use some of the country's foreign currency reserves to help its firms.
Swiss central bank books $4 billion loss
The Swiss National Bank was Sfr4.7 billion ($4 billion) in the red for 2008, it emerged on Wednesday.
National Bank of Belgium - Annual Report 2007
The changing environment in which the National Bank of Belgium is evolving has greatly altered its personnel needs, says the central bank in its latest Annual Report.
Buba's focus on output-growth gap significant
The Bundesbank's response in 1970s and 1980s to the output-growth gap under monetary-growth targeting was highly significant, posits a new paper from the European Central Bank.
CEE regulators condemn stability "misperceptions"
Six central and eastern European regulators on Wednesday jointly attacked the recent coverage of their economies, labelling it misleading, oversimplified and potentially harmful.
Nationalisation a possibility for one or two
Full nationalisation may prove necessary as a last resort for one or two of the larger United States banks, says a new paper from the Brookings Institution.
Name and shame borrowers: senator tells Fed
Bernie Sanders, a senator representing the state of Vermont, has blasted Ben Bernanke, the chairman of the Federal Reserve, for refusing to disclose the recipients of Fed funds.
Nigeria's Soludo: adjustment an opportunity
Charles Soludo, the governor of the Central Bank of Nigeria, has said that exchange-rate adjustment is an opportunity.
UAE establishes crisis group
The Central Bank of the United Arab Emirates said on Wednesday that it would set up a group to tackle the impact of the credit crisis on the seven states.
Stimulus won't work without stability: Bernanke
President Barack Obama's fiscal stimulus is unlikely to have the desired effect unless the financial system stabilises, Ben Bernanke, the chairman of the Federal Reserve, told lawmakers on Tuesday.
Turkey justifies steep cut
The Central Bank of Turkey cut rates by 150 basis points last month on signs that inflation would undershoot its 7.5% target for this year, the minutes for the 19 February meeting reveal.
Finance must attract top talent: Zambia's Fundanga
Caleb Fundanga, the governor of the Bank of Zambia, has said the country must encourage its brightest prospects to pursue a career in finance in light of the economic challenges that the country is likely to face.
Central Bank of Sudan - Annual Report 2007
The Sudanese economy expanded rapidly in 2007 but was hampered by high inflation, the country's central bank said in its Annual Report.