Tag Archives: central

China’s central bank chief urges Beijing to promote equity, cut debt, eliminate ‘zombie’ companies

China’s central bank boss spelled out his strategy to prevent a future financial crisis, urging broadened equity funding and direct finance to reduce corporate leverage and eliminate “zombie” companies, official media reported on Saturday. Zhou Xiaochuan, Governor of People’s Bank of China, said that the market should play a “decisive role” in allocating financial resources, but also stressed the importance of stronger ... Read More »

Swiss central bank steps up stock buying spree

Switzerland’s central bank now owns more publicly-traded shares in Facebook (FB.O) than Mark Zuckerberg, part of a mushrooming stock portfolio that is likely to grow yet further. The tech giant’s founder and CEO has other ways to control his company: Zuckerberg holds most of his stake in a different class of stock. Nevertheless this example illustrates how the Swiss National ... Read More »

Caution pervades at four of world’s top central banks

It is a sign of the caution that permeates the global economic outlook when four of the world’s top central banks, all due to meet within days of each other, are almost unanimously expected to make no change to their extraordinary stimulus programs. While the U.S. Federal Reserve, Bank of England, Swiss National Bank and the Bank of Japan are ... Read More »

Iran still locked out of global financial system, says central bank chief

The governor of Iran’s central bank has said obstacles stopping Iranian banks from rejoining the global financial system show that the US and the EU are failing to fully comply with their commitments under the landmark nuclear deal. Four months after the lifting of sanctions against Iran, big European banks remain reluctant to handle Iranian payments despite recent efforts by ... Read More »

Australia’s Central Bank Cuts Rates to Record Low

Australia’s central bank cut interest rates to a fresh record low as it moves to counter the emergence of disinflation that’s swept the developed world and limit currency gains that could complicate an economic transition. Reserve Bank of Australia Governor Glenn Stevens and his board lowered the cash rate by 25 basis points to 1.75 percent Tuesday, as predicted by ... Read More »

Warren Buffett says doesn’t try to profit from central bank moves: CNBC

Warren Buffett, the chairman and chief executive of conglomerate Berkshire Hathaway (BRKa.N), said Monday Berkshire did not try to profit from global central bank monetary policy and that low oil prices were beneficial to the United States. “It’s a fascinating movie to watch,” Buffett told cable television network CNBC, in reference to central bank monetary policy worldwide. “I don’t try ... Read More »

Asia stocks slip with central banks in focus, oil holds gains

Asian stocks were mostly lower on Wednesday, as investors stayed cautious ahead of U.S. and Japanese central bank policy decisions, while crude oil prices hovered near 2016 highs. Spreadbetters expected Europe to behave similarly, forecasting Britain’s FTSE .FTSE, Germany’s DAX .GDAXI and France’s CAC .FCHI to open little changed. Japan’s Nikkei .N225 lost 0.4 percent as Japan-based suppliers of iPhone ... Read More »

The central bankers’ dilemma

CENTRAL banks have taken the brunt of supporting the global economy, ever since 2009, the last time that governments made any concerted attempt to indulge in a fiscal status. Low interest rates, quantitative easing, forward guidance and now negative rates have all been wheeled out. But life for a central banker is more difficult than it used to be; the ... Read More »

French central bank head cautions on oil price impact – newspaperFrench,central,bank,head,cautions,on,oil,price,impact,-,newspaper

The European Central Bank could extend money printing, the head of France’s central bank told a German newspaper on Sunday, as the long-term impact of low oil prices weighs on euro zone economies. ECB governors from across the euro zone, including France and Germany, will meet in early March to decide whether to adjust interest rates or extend a scheme ... Read More »