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Latest Central bank Stories

2011-05-27 05:44:00

CHENNAI, India, May 27, 2011 /PRNewswire-FirstCall/ -- - Superior Functional Coverage and Future Ready Architecture with the Capability of Handling 100 Million Transactions Per Day Polaris Software (POLS.BO), a leading global Financial Technology Company, today announced that Reserve Bank of India (RBI) has chosen Polaris to implement its Intellect(TM) Core Banking System (CBS) across the Bank. The USD 55 million end-to-end implementation deal includes System Integration and...

2011-04-28 05:00:00

LONDON, April 28, 2011 /PRNewswire/ -- In December 2010, the Governing Council of the European Central Bank (the ECB) announced its intention to establish loan-by-loan data requirements for asset-backed securities (ABSs) in the Eurosystem collateral framework, with the aim of improving transparency and helping to restore investor confidence in the European securitisation markets. To make this happen, the ECB is encouraging the creation of a groundbreaking ABS Data Warehouse for the...

2011-04-21 00:00:29

Online forex trading community InformedTrades.com has seen its free-floating virtual currency go an entire month without a decline, and is up 14% against the US dollar over the past 7 months. With this trial launch a success, InformedTrades will now seek to have its currency gain widespread adoption -- and hopefully re-build the world's money supply to solve the global poverty and debt crises by doing so. San Francisco, CA (PRWEB) April 20, 2011 InformedPoints, the currency used by the...

2010-11-09 07:30:00

PARIS, November 9, 2010 /PRNewswire/ -- According to momagri(c), a think tank advocating a new vision for global agriculture, the international community is not fully taking into account the impact of monetary and currency imbalances on agricultural activities. Yet, in an environment of food, financial and budgetary crises and in proportions unknown till now, the currency exchange rates and key rates set by Central Banks have become crucial variables for agricultural competitiveness....

2010-10-25 06:47:00

CLEVELAND, October 25, 2010 /PRNewswire/ -- The Federal Reserve Banks and Equens have successfully processed the first automated clearinghouse payments via a new standardized channel for low-value cross-border payments between the United States and Europe. U.S. Bank and DZ BANK are the first banks to use this new channel. In 2009, the Federal Reserve Banks and Equens announced a strategic collaboration for the processing of cross-border payments, later extending this collaboration to...

2010-10-13 09:15:00

NEW YORK, Oct. 13 /PRNewswire/ -- Jeffrey Nichols, Senior Economic Advisor to Rosland Capital (www.roslandcapital.com), had the following commentary based on recent market activity and the week ahead: America's Congress is up for grabs in three weeks time -- and world financial markets have a serious case of the jitters. No one knows for sure what the make-up of the U.S. House of Representatives and the U.S. Senate will be next year but it's hard to imagine we won't be faced with more...

2010-10-05 10:31:00

NEW YORK, Oct. 5 /PRNewswire/ -- Jeffrey Nichols, Senior Economic Advisor to Rosland Capital (www.roslandcapital.com), had the following commentary based on recent market activity and the week ahead: The United States, the Eurozone, the United Kingdom, Japan and other major economies may be heading into a period of competitive devaluations. Similarly, China and some of the other strong-currency countries are acting to slow revaluation of their own currencies to maintain a competitive edge...

2010-06-22 13:30:00

NEW YORK, June 22 /PRNewswire/ -- Jeffrey Nichols, Senior Economic Advisor to Rosland Capital (www.roslandcapital.com), had the following commentary based on recent market activity and the week ahead: Gold prices continue to march higher, hitting a new all-time high near US$1265 this Monday morning in London trading before settling down to the $1250 to $1260 area. Reportedly, the catalyst to higher gold prices was the revelation that Saudi Arabia's central bank, the Saudi Arabian Monetary...

2010-02-18 11:57:00

LONDON, February 18, 2010 /PRNewswire/ -- World Gold Council welcomes the announcement by the International Monetary Fund (IMF), that the next phase of its previously announced gold sales programme will be undertaken in a phased and transparent manner. The gold sales follow the IMF Executive Board's decision in September 2009 to approve sales of the metal totalling 403.3(t). The successful first phase sale to Central Banks had no impact on the smooth functioning of the gold market and the...

2009-11-12 09:44:00

NEW YORK, Nov. 12 /PRNewswire/ -- Jeffrey Nichols, Managing Director of American Precious Metals Advisors and Senior Economic Advisor to Rosland Capital LLC, one of the nation's leading precious metals asset management firms, made the following statement after the price of gold reached an all-time high of $1,109 on Monday, November 9: "It's good news for gold and gold investors that the yellow metal today reached another all-time high as trading opened today. It's important to take into...


Word of the Day
cacodemon
  • An evil spirit; a devil.
  • A nightmare.
  • In astrology, the twelfth house of a scheme or figure of the heavens: so called from its signifying dreadful things, such as secret enemies, great losses, imprisonment, etc.
'Cacodemon' comes from a Greek term meaning 'evil genius.'
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