European Central Bank's governing council member Erkki Liikanen on Monday said it is important to recapitalize banks in the euro zone to counter the crisis which he considered as Europe's greatest since world war II.
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China's consumer price inflation will remain high in the near future, although prices will gradually fall, and Beijing needs to be on alert, deputy central bank governor Ma Delun said on Sunday.
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A debt crisis is still gripping the developed world, European Central Bank policymaker Juergen Stark said, adding there was no alternative but for countries to take painful steps to consolidate their public finances.
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The euro zone could collapse if its member countries do not work together to solve its debt crisis, but China is pleased to see that Germany and France are cooperating to avert that risk, a Chinese vice foreign minister said in an interview.
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Banking regulators should consider temporarily lowering capital requirements in an effort to boost the feeble supply of credit to the economy, according to a top official at the Bank of England, the FT reports.
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Luis Aguilar, a commissioner at the U.S. Securities and Exchange Commission, issued a statement this week expressing concerns about retail forex fraud.
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Speed limits would cool the "arms race" of ultra-fast trading that has sparked price "abnormalities" and may destabilise markets, a top Bank of England official said on Friday.
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China should guard against risks from "excessive" holdings of U.S. assets as Washington could pursue a policy to weaken the dollar, a senior official at the State Administration of Foreign Exchange said in comments published on Tuesday.**
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