Economics

EBRD - Sustainability Report 2007

The European Bank for Reconstruction and Development's (EBRD) Sustainability Report details the development bank's investments in 29 countries across central Europe and Asia.

Canadian businesses still strong

Despite the recent slowdown in Canadian growth, there are no indications of widespread weaknesses across the country's firms, the latest edition of the Bank of Canada's Business Outlook Survey finds.

Seoul moves to stem won slide

The Bank of Korea and ministry of finance issued a joint statement on Monday declaring their intention to intervene to prevent further falls in the foreign exchange market.

Latvia feels the turmoil

The Latvian economy shows increased signs of a deceleration, said Ilmars Rimsevics, the governor of the Bank of Latvia.

Japan shows resistance to turmoil

Japan's economy expanded moderately and exports continued to increase from October 2007 to March 2008, according to a report published by the Bank of Japan.

China clamps down on hot money

The authorities in Beijing have announced new measures to curb the inflow of speculative money, which is adding to the booming economy's increasing inflation problem.

Bahrain's governor appoints new adviser

Rasheed Al-Maraj, the governor of the Central Bank of Bahrain, has appointed Michael Taylor, a former head of banking policy at the Hong Kong Monetary Authority (HKMA), as his adviser.

Candidates touted to succeed BIS's Knight

Jaime Caruana, the director of the monetary and capital markets department at the International Monetary Fund (IMF) and a former governor of the Bank of Spain, is reported to be the frontrunner to replace Malcolm Knight, the outgoing general manager at…

NY Fed revamps organisational structure

The New York Federal Reserve on Thursday announced a raft of changes that will see the creation of two new groups and the promotion of three officials to the role of executive vice-president.

Canadian housing market remains resilient

The Canadian housing industry is still strong despite the risks and challenges presented by the collapse of the US mortgage market, said Sheryl Kennedy, a deputy governor at the Bank of Canada.

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