India central bank leaves interest rates unchanged, says economic growth could beat forecastsJuly 28th, 2009 India central bank says economy could grow fasterNEW DELHI — India's central bank left interest rates unchanged Tuesday and said Asia's third-biggest economy could grow faster than forecast as it emerges from the global credit bust. Bank Gov. D. Subbarao said "the global economy was showing incipient signs of stabilization, albeit not recovery."
The central bank said there is now "an upward bias" to its forecast for the economy to grow 6 percent in the year ending March 2010.
Canada's central bank says growth returning to economyJuly 23rd, 2009 Canada's central banks says recession overOTTAWA — Canada's central bank is declaring the recession essentially over, saying Canada's economy will begin growing this summer after nine months of stagnation and lead most of the industrialized world next year. Bank of Canada Governor Mark Carney said Thursday the economy will grow this quarter.
Japan's central bank keeps key interest rate at 0.1 percentJuly 15th, 2009 Japan's central bank keeps rates steadyTOKYO — Japan's central bank has kept its benchmark interest rate steady amid signs that the economy has ended its slide. The Bank of Japan's eight-member policy board voted unanimously to leave its overnight call rate target unchanged at 0.1 percent, as widely expected by the market.
Chinese central bank researcher says second quarter economic growth might top 7.5 percentJuly 7th, 2009 China's 2Q growth may top 7.5 pct, researcher saysBEIJING — China's economy is improving and growth might top 7.5 percent for the quarter that ended in June, a central bank researcher said in an official journal. Growth is benefiting from Beijing's stimulus spending and rising investment and consumption, said Zhang Jianhua, chief of the bank's research bureau, in an article in the July issue of the bank's magazine, China Finance.
Dollar up against euro, yen after China central banker says exchange policy 'stable'June 29th, 2009 Dollar up after China says reserve policy 'stable'BEIJING — The dollar gained against the yen and euro on global markets Monday after China's chief central banker said there will be no sudden changes in its policy on foreign exchange reserves. "Our foreign exchange reserve policy is always quite stable.
Russian central bank cuts interest rates by 1/2 percentage pointJune 4th, 2009 Russian central bank cuts interest ratesMOSCOW — Russia's Central Bank on Thursday cut its key interest rate by half a percentage point to 11.5 percent — the third time since April it has slashed borrowing costs to help its economy through recession. The bank said in a statement that the new refinancing rate will be effective Friday.
China says new bank lending in April at $87 billion, down sharply from MarchMay 11th, 2009 China's new bank lending slows in AprilSHANGHAI — Chinese banks issued new loans worth 591.8 billion yuan ($87 billion) in April, less than a third of the previous month's total, the central bank said Monday, as lenders slowed the flow of credit aimed at stimulating the economy. The figure announced by the People's Bank of China was up 27 percent from the same month a year earlier but slightly below forecasts, in recent state media reports, for about 600 billion yuan ($88 billion) in new lending in April.
Czech Republic's central bank cuts key interest rate by quarter percentage point to 1.5 pctMay 9th, 2009 Czech central bank cuts interest rates to 1.5 pctPRAGUE — The Czech Republic's central bank has cut its key interest rate by a quarter percentage point to 1.5 percent to help the economy combat reccession. It is the lowest rate since the country came into existence after the split of former Czechoslovakia in 1993.
Iceland's central bank lowers interest rates by 2.5 percentage points to 13 percentMay 9th, 2009 Iceland cuts interest rates to 13 percentLONDON — Iceland's central bank has cut official interest rates by 2.5 percentage points to 13 percent to help the country's troubled economy. It is the third cut in rates this year by the central bank, called Sedlabanki.
Wang Hao and Zhang Yining give China a singles sweep of golds at table tennis worldsMay 5th, 2009 China sweeps singles gold at table tennis worldsYOKOHAMA, Japan — Wang Hao of China defeated compatriot Wang Liqin in straight sets Tuesday to win the men's singles title at the table tennis world championships. The top-seeded Wang took control from the first set on his way to an 11-9, 13-11, 11-5, 11-9 win over the fifth-seeded Wang.
China's Zhang advances in table tennis worlds women's singlesMay 2nd, 2009 China's Zhang advances in table tennis worldsYOKOHAMA, Japan — Olympic gold medalist Zhang Yining of China defeated Hungary's Krisztina Toth on Saturday at the table tennis world championships. The top-seeded Zhang coasted to an 11-6, 11-2, 11-3, 11-6 win over Toth to advance to the quarterfinals of women's singles.
Singapore recession likely bottomed in 1st quarter, but weak recovery seen, central bank saysApril 29th, 2009 Central bank: Singapore recession likely bottomedSINGAPORE — Singapore's central bank says the city-state's worst recession likely bottomed in the first quarter, but faces a tepid recovery amid weak export demand. The economy could shrink as much as 9 percent this year as a "deep and prolonged" global downturn batters exports, which account for about 60 percent of GDP, the Monetary Authority of Singapore said in a quarterly report Wednesday.
China's biggest bank, ICBC, says quarterly profit up 6 percent despite fall in interest incomeApril 27th, 2009 Chinese bank ICBC says 1Q profit up 6 percentBEIJING — Industrial & Commercial Bank of China Ltd., the country's biggest commercial lender by assets, said Monday its quarterly profit rose 6 percent from a year earlier despite a double-digit fall in interest income. Profit for the three months ending March 31 was 35.1 billion yuan ($5.1 billion), or 0.11 yuan per share, the Beijing-based lender said.
China Construction Bank says 1Q profit down 18 percent on lower interest; fee income risesApril 25th, 2009 China Construction Bank 1Q profit down 18 percentBEIJING — China Construction Bank Ltd., the country's second-biggest commercial lender by assets, said Saturday its first quarter profit fell 18 percent as interest rate cuts by China's central bank hurt revenues. Profit for the three months ending March 31 was 26.3 billion yuan ($3.8 billion), or 0.11 yuan per share, the Beijing-based lender said.
India's central bank cuts key rates to spur economyJanuary 1st, 2009 MUMBAI - In a bid to lower the cost of borrowings for commercial banks, the Reserve Bank of India (RBI) Friday cut the both the repurchase and reverse-repurchase rates by 100 basis points each, while reducing the cash reserve ratio (CRR) by 0.5 percent points. 'The reduction in the CRR will inject additional liquidity of around Rs.20,000 crore (Rs.200 billion/$4 billion),' the central bank said in a statement, while announcing a further monetary stimulus to prop the economy.
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