News

IBRA speeds up sale of Salim corporate assets

The Indonesian Bank Restructuring Agency (IBRA) is speeding up the sale of corporate assets once owned by the Salim Group even as the two sides prepare to face off in a test of wills that could have severe ramifications for the country's economic…

Indonesia: 'Halt the case against Sjahril'

A lawyer representing suspended Bank Indonesia governor Sjahril Sabirin in the Bank Bali scandal said on Friday that prosecution should be halted since other defendants in the case had been declared not guilty by a district court.

South Korea economy heads for slowdown

South Korea posted a strong growth rate of 9.2% in the third quarter, but analysts warn that the economy could begin looking much weaker in the fourth quarter because of increased bankruptcies for debt-heavy companies and resulting job losses.

Cuba tests new waters in foreign debt relief talks

Cuban envoys, testing uncharted waters, met foreign government representatives on Thursday to discuss what could amount to a landmark deal to alleviate the pain of Havana's crippling foreign debts.

Argentina awaits emergency package from IMF

An emergency economic package required by the IMF will be passed in full within 30 days, Jose Luis Machinea, Argentina's economy minister, insisted on Thursday.

Norges Bank supports MeritaNordbanken's buy

The Norwegian central bank, Norges Bank, said Thursday it recommends to the Norwegian banking and insurance authority that Nordic Baltic Holding and its unit MeritaNordbanken (S.MNB) be allowed to acquire Christiania Bank og Kreditkassen (Y.CBK).

Timetable set for Bank Indonesia reform

The Indonesian parliament vowed Thursday to speed up deliberations on crucial changes of management and legal governance at the country's central bank.

Duma committee recommends FBK for cenbank audit

The Duma Banking Committee made a decision at a closed meeting today to recommend that the Duma approve the FBK company as a subcontractor of Deloitte & Touche for the audit of the central bank's annual report for 2000 at a session of the lower house on…

Zambia October annual inflation up to 28.6%

Zambia's annual inflation rose to 28.6% in October from 27.7% in September and 25.9% in August, the Bank of Zambia said on Thursday. The figure was higher than the October inflation rate of 24.3% given by the Treasury earlier in the week.

SNB sees gold as good diversification tool

The Swiss National Bank still sees gold as a good tool to diversify its reserves even though the central bank is gradually selling off half its original holdings of the metal, SNB Chairman Hans Meyer said.

MP's criticised by BoE Governor

Bank of England Governor Eddie George has criticised MP's for being too aggressive when they select new members of the monetary policy committee. George thinks that MP's tactics could put-off good candidates from accepting a post with the MPC.

IMF warns Brown not to increase spending

The International Monetary Fund's report on the health of the UK economy, published yesterday by the Treasury, warned Gordon Brown, the UK Chancellor, that private spending needs to slow down before the economy can accommodate an increase in public…

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.