Economics
National Bank of Macedonia - Annual Report 2008
The Macedonian banking system remained sound and stable last year despite the global financial turmoil, the country's central bank said in its latest Annual Report.
Canada suffers record contraction
Canada's GDP contracted by an annualised rate of 7.3% in the first quarter of 2009, the fastest rate on record, according to the Bank of Canada.
China's economy on the up: central banker
Record lending by commercial banks and improved liquidity in the first quarter of 2009 suggests end-2008 marked a turning point in China's economic fortunes, said Yi Gang, deputy governor of the People's Bank of China.
New deputy governor for Bank of Ghana
The president of Ghana, John Atta Mills, has appointed Henry Kofi Wampah as a new deputy governor of the Bank of Ghana.
Bank launches new lending report
21 April saw the publication of the first Trends in Lending report, a new monthly publication from the Bank of England which will present a regular assessment of lending to the UK economy.
World economy in deep recession: IMF
The global economy will contract by 1.3% in 2009, the International Monetary Fund (IMF) has said, even with determined efforts by governments to restore national financial sectors to health.
HKMA - Annual Report 2008
Hong Kong's exchange fund lost HK$136 billion ($17.5 billion) in 2008, revealed the Hong Kong Monetary Authority (HKMA) in its Annual Report published on Monday.
DSK: a mandate for change
The G20 summit in London has created a mandate for change, said Dominique Strauss-Kahn, the managing director of the International Monetary Fund (IMF).
ECCU very sensitive to US conditions
The business cycles of Eastern Caribbean Currency Union (ECCU) economies are very sensitive to changes to the United States economy, research from the International Monetary Fund finds.
ECB releases Annual Report
The European Central Bank (ECB) published its Annual Report for 2008 on 21 April.
Australia's Ellis: higher wages aided economy
One of the reasons why Australia is coping better amid the turmoil is that real earnings of average Australian workers were growing much faster than in the United States, said Luci Ellis, the head of the financial stability department at the country's…
Lord George, former Bank governor, dies
Eddie George, governor of the Bank of England from 1993 to 2003, died of cancer Saturday, aged 70.
Spain's governor feels the heat
Maria Teresa Fernandez de la Vega, deputy head of Spain's Socialist government has criticised the governor of the central bank, Miguel Angel Fernandez Ordonez, for being "alarmist" about the state of financing of the country's pension system.
Boston Fed's Connolly on getting graduates to stay
Paul Connolly, the first vice president of the Boston Federal Reserve, has said that firms must do more to entice graduates to stay on in the area after their studies end.
Bank of Finland - Annual Report 2008
The financial crisis has placed every aspect of the Bank of Finland's operational capacity under pressure, notes the central bank's latest Annual Report.
Sack succeeds Dudley as NY Fed markets chief
Brian Sack, now a vice-president at Macroeconomic Advisers, a firm of economic forecasters, will replace William Dudley as head of the New York Federal Reserve's markets group.
Former Kansas Fed chief dies
Roger Guffey, the head of the Kansas City Federal Reserve from 1976 until 1991, has died.
India wants to attract overseas bankers
Highly-skilled people from abroad are now available at a reasonable cost in view of employment cuts abroad and may propel India towards high-speed growth in all the sectors, said Shyamala Gopinath, the deputy governor of the Reserve Bank of India.
IMF sees severe recession, slow recovery ahead
The International Monetary Fund (IMF) has predicted the world is in for a long and severe recession, though the global policy response could help spur a recovery.
China not manipulating renminbi: US Treasury
Beijing has avoided a devaluation of the renminbi in recent months, the United States Treasury acknowledged on Wednesday, though it still believes the currency to be undervalued.
Beige Book points to slowing downturn
The Federal Reserve's Beige Book, a survey of economic conditions compiled by the 12 regional Feds, has provided further evidence that the rate at which the United States economy is shrinking is falling.
Fiji sacks Narube and devalues dollar
The Reserve Bank of Fiji devalued the Fiji dollar by 20% on Wednesday hours after Savenaca Narube, the governor, was removed from the central bank by government officials.
Pyramid firms have more debt
Controlling shareholders in pyramid firms, a structure where an ultimate owner uses indirect ownership to maintain control over a large group of companies, use debt to secure their private benefits, new research from the Bank of Canada posits.
ECB Monthly Bulletin: April 09
The flow of loans to non-financial corporations and households has remained very subdued, says the latest Monthly Bulletin from the European Central Bank.