Governance

Former RBI governor to lead India

Manmohan Singh, a former governor of the Reserve Bank of India, is set to become India's next prime minister after Sonia Gandhi's decision to turn down the job. Mr Singh was in charge of the RBI from September 82 to January 85.

Deal may be close in Welteke probe

The Frankfurter Allgemeine Zeitung reported on Friday 21 May that a deal may be close whereby German prosecutors drop the case against former Deutsche Bundesbank President Ernst Welteke in exchange for the payment of a fine.

Bank of Japan names new executive director

Nobuo Inaba, director-general of the Bank of Japan's Bank Examination and Surveillance Department, will be promoted to executive director, replacing outgoing Takahiro Mitani, bank officials said on Saturday 8 May.

Zimbabwe: Retrenched staff stuck in limbo

The Zimbabwe Standard reported this week that several senior Reserve Bank of Zimbabwe officials targeted for retrenchment are sitting idle at the bank, more than two months after the central bank said they would be laid off.

Music maestro

Speaking on Thursday 13 May to a group of high school students in Chicago, Alan Greenspan shared some personal memories including life on the road with a dance band as a clarinet and saxophone player.

Kerry sees Rubin in Greenspan's shoes

US Democratic presidential candidate John Kerry has said that if elected he will seriously consider former treasury secretary Robert Rubin to replace Federal Reserve Chairman Alan Greenspan when he retires.

Nepal Rastra Bank chief has land seized

The Rebel Communist Party of Nepal has escalated the capture of land belonging to local landlords, including land owned by the central bank chief. The party has captured 300 hectares of land and made it public.

Dodge sets the standards in expenses

Bank of Canada governor David Dodge is setting new standards in what one report called "tight monetary policy" with a relatively low expenses bill for the last quarter, released by the Bank of Canada this week.

Weber officially takes over at Bundesbank

Economics professor Axel Weber was formally appointed on Friday 30 April to head the Bundesbank, following Ernst Welteke's recent resignation. He can therefore attend the next meeting of the European Central Bank in Helsinki next week.

IMF to name new Managing Director Tuesday

The International Monetary Fund will announce its next managing director on Tuesday 4 May, board sources said on Thursday, Reuters reported. The job is widely expected to go to Spain's former economy minister, Rodrigo Rato.

Mugabe arrests his Finance Minister

Zimbabwe's finance minister was arrested on Saturday (24 April) on charges of dealing in foreign currency. He is the first senior official in President Robert Mugabe's government to be detained in a corruption crackdown.

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