Greece last-chance talks enter second day
Greece last-chance talks enter second day

Greek and EU-IMF negotiators were locked in last-chance talks on Sunday to avert a default by Athens that could pave the way for a catastrophic exit by Greece from the euro and sow economic chaos in Europe.

Turkey stocks tumble, lira hits record low after election

Turkish shares fell 6 percent in morning trade Monday and the lira plunged to a new record low against the dollar, as investors took fright at new political uncertainty following legislative elections.

RBI cuts repo rate by 25 bps to 7.5%, keeps CRR unchanged

The Reserve Bank of India (RBI) on Wednesday morning announced a surprise cut in repo rate.

S Africa warns strike-hit platinum mines could close

The South African government and its central bank chief today warned that strike-hit platinum mines could close, throwing miners out of work and rocking an already shaky economy.

Nigeria`s ex-central bank governor takes throne as Muslim monarch

Nigeria`s ousted central bank governor, Lamido Sanusi, was named Emir of Kano on Sunday, making an outspoken government critic one of the most influential leaders in the largely Muslim north.

Myanmar enacts new central bank law

Myanmar has introduced a new law to overhaul its central bank, the presidential office said on Friday, in the latest reform aimed at burnishing the country`s economic credentials.

Syria: Central Bank attacked with grenades

The SANA agency says four policemen were hurt and the bank building was slightly damaged in attacks.

Ronaldinho`s brother jailed for money laundering

Ronaldinho`s brother, Roberto de Assis, has been sentenced to five years and five months in prison after being found guilty of money laundering.

Al-Qaida in Iraq claims deadly central bank attack

Al-Qaida`s front group in Iraq
claimed responsibility on Thursday for a deadly daylight attack on
Iraq`s Central Bank.

UAE to back banks amid Dubai meltdown

The United Arab Emirates` central bank said Sunday it would offer additional liquidity to banks, signaling a push by the federal government to reassure investors worried about the country`s banking sector and its exposure to Dubai`s crushing debt.

US central bank issues rosier outlook on economy

The US Federal Reserve has raised its growth forecasts for the US economy, but warned that unemployment in the US will remain for some time at its highest levels in a generation.

Japan`s central bank keeps interest rate unchanged

Japan`s central bank kept its key interest rate unchanged at 0.1 percent Friday and upgraded its assessment of the world`s second largest economy because of an improvement in exports.

Bad finance habits returning: Swiss central banker

Switzerland`s central bank chief warned Tuesday that "old reflexes" were returning to the financial world despite pledges for a turnaround from the risky behaviour that precipitated the recent crisis.

Sri Lankan Central Bank blast suspect arrested

One of the key LTTE suspects in
the 1996 deadly bombing of Sri Lanka`s Central Bank that
killed 90 people has been arrested, 13 years after he escaped
from custody.

Central Bank cuts deposit rates by 0.25-0.5%

Public-sector lender Central Bank of India has reduced deposit rates by 0.25-0.5% across various maturities inorder to reduce cost of funds, its Chairman said.

Central bank may raise interest rate in Oct 27 meet: Moody`s

With double digit industrial output figures, India`s central bank may raise rates in the first half of next year and cash reserve ratios at the end of this month, says the research arm of global rating agency Moody`s.

Australia`s central bank raises rates to 3.25%

Australia`s central bank raised its key cash rate by 25 basis points to 3.25 percent on Tuesday, as surprising economic strength allowed it to withdraw some of the exceptional stimulus doled out during the global credit crisis.

German central bank hit by director`s Turk remarks

German central bank governor Axel Weber moved on Monday to counter remarks by a bank director about Germany`s large Turkish minority which had prompted a storm of protest.