Central Bank Chief

Source: www.iht.com --- 5 days ago
Duvvuri Subbarao, the finance secretary, was named as the head of the Indian Central Bank. He takes over as the Indian economy is battling annual inflation above 12 percent. ...

Source: www.ft.com --- 5 days ago
The Finance Secretary of India, Duvvuri Subbarao, is going to take the place of Governor Yaga Venugopal Reddy, who resigns this week ...

Source: www.moreover.com --- 18 days ago
Asiaone Aug 19 2008 9:16PM GMT ...

Source: www.colombopage.com --- 9 days ago
Aug 28, Colombo: Governor of the Central Bank of Sri Lanka Ajith Nivard Cabraal has predicted a decline of inflation rates into the single digits by the end of 2009, barring any major external factors like the global rise in fuel and food prices that pushed the inflation to record levels this year. ...

Source: www.btimes.com.my --- 17 days ago
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Source: news.yahoo.com --- 17 days ago
AP - Japan's Central Bank Chief said Tuesday he expects the world's second-largest economy to stay stagnant for the time being but denied it was headed toward the sort of deep slump that crippled the country in the 1990s. ...

Source: www.washingtonpost.com --- 18 days ago
TOKYO -- Japan's Central Bank Chief said Tuesday he expects the world's second-largest economy to stay stagnant for the time being but denied it was headed toward the sort of deep slump that crippled the country in the 1990s. ...

Source: www.marketwatch.com --- 23 days ago
NEW YORK (MarketWatch) -- Economic growth in the Czech Republic slowed to 4.5% year-on-year in the second quarter, down from a revised GDP growth of 5.1% in the first quarter of the year, the Czech statistical office reported Thursday. The number was below market expectations for growth of 5% year-on-year. "Domestic demand, in particular, is dragging down growth," said Lars Christensen, Chief analyst at Denmark's Danske Bank. He expects Czech GDP growth to be well below 4% in the second half of the year. "Today's numbers should reinforce Czech Central Bank confidence that its recent rate cut was the right thing to do and should open the door to further rate cuts if the Czech koruna rebounds, though the koruna has weakened somewhat on the back of today's data," Christensen said. The koruna fell 1.6% against the euro and 1.8% against the U.S. dollar. ...

Source: blogs.wsj.com --- 32 days ago
Ben Bernanke has published a few books of his own about monetary policy. Now comes the first one about him. Ben Bernanke’s Fed: The Federal Reserve After Greenspan provides a view of the Central Bank chairman’s leadership in his first two years, into the early months of the credit crisis. Ethan Harris, Chief U.S. economist at [...] ...

Source: www.businessweek.com --- 26 days ago
What will the credit crisis look like on its second anniversary? BW colleague Will Andrews offers his tongue-in-cheek predictions: After another orgy of writedowns and a Niagara of red ink among U.S. financial firms (in which Lehman Brothers ( LEH ) accidentally wrote down the same assets twice), Fed chairman Ben Bernanke executed one final bold plan to shore up the U.S. banking system. The Fed Chief arranged for the consolidation of the remaining big U.S. financial firms into two new entities: GoldmanBofAMerrillCiti and JPMorganStanleyBrothers. Under terms of the deals, which were consummated at a weekend swap meet in Pavonia, N.J., Goldman ( GS ) and JPMorgan were the nominal acquirers of the other firms, but it was the Fed that provided the financial muscle. The Central Bank opened its (that is to say, your) pocketbook to the tune of $200 billion in YYMAPTB (Yes, You Must Absolutely Pay This Back) and STTWBOTH (Seriously, the Taxpayer Won't Be on the Hook) term facilities. OK, I won't give away all the jokes. Assuming you're not too nervous to laugh at our financial system's bleak outlook, check out Will's Subprime City Confidential for the whole thing. ...

Source: www.news24.com --- 36 days ago
Zimbabwe's Central Bank Chief has urged a six-month price and salary freeze in a bid to rein in runaway inflation, with the country in the midst of an economic meltdown. ...

Source: www.ajc.com --- 29 days ago
Economic recovery is like a construction project. The economy has stumbled into a wide pit, and several players — the Federal Reserve, President Bush and Congress — are trying to build a ladder to get us out of the hole. The Federal Reserve did its part Tuesday by again holding off on raising key interest rates. Brian Bethune, Chief U.S. financial economist at forecasting firm Global Insight, described the Central Bank's stance accurately, writing that "the Fed has been increasingly hemmed in by the two sides of the competing-risks vise — upside risks to inflation versus downside risks to growth." Market watchers think they'll be in that posture for a while yet, which is a reasonable assumption. Wall Street did the cha-cha as a result, sending stock markets sharply upward Tuesday. In recent days, Congress also put on its collective tool belt and drove key nails into the rungs by passing the Housing and Economic Recovery Act of 2008. That bill, though imperfect, ought to boost confidence in lending markets and ease the way for housing to regain its footing in coming months. ...

Source: corner.nationalreview.com --- 27 days ago
[Thanks to Ali Alfoneh for his compilation; (E) signifies English link] Economy According to Sarmayeh, thirty percent of private firms have gone bankrupt during the past year.Central Bank director general Tahmasb Mazaheri explains the state of the Islamic Republic's monetary policies and says he would invest his money in private Bank, but not in state-owned enterprises. He also acknowledges that Gharz al-Hassaneh [interest free loans] in some cases becomes Gharz-e Pasndeh [Loans not in need of repayment]. Video. Minister of Cooperatives comments on statistics about applicants for housing in Iran.Housing minister announces the government's resolve in fighting speculation in the housing sector. Jariani, spokesman of the industry section of the Tehran Chamber of Commerce, Industries and Mining, says Iran's industry suffers from power blackouts.The Islamic Republic's Central Bank mints 1000 rial coins.Law Enforcement Forces Chief warns against ethnic unrest propagated by the enemies of the Islamic Republic. The Martyrs Foundation and the Awqaf of Bojnourd involved in property rights dispute.Commander Ghasemi, who heads Khatam al-Anbia Construction Group of the IRGC, declares readiness to enter the housing market. Politics According to a poll, former President Khatami is the preferred presidential candidate among supporters of reform candidates. InteriorPresidential elections dominate annual congress of the Islamic Revolution's Mojahe ...

Source: seekingalpha.com --- 31 days ago
Michael Shedlock submits: Yahoo!Finance is reporting Fed Can't Raise Rates . The Federal Reserve's decision to hold the line on interest rates was the only move the Central Bank could make considering the state of the US economy, PIMCO Chief Bill Gross said on CNBC. Complete Story » ...

Source: www.nysun.com --- 29 days ago
LONDON — The danger of a systemic banking failure has passed and the worst of the credit crisis is over, the Chief executive officer of Barclays', John Varley, said yesterday. Announcing a 33% fall in first-half profits to 2.75 billion pounds, Mr. Varley accepted that "the world ahead is not going to be an easy place," but said: "The moment of greatest potential stress is now behind us." "The steps taken by the Bank of England, the U.S. Federal Reserve, and the European Central Bank have... ...