Chinese central bank slams other nations' lack of regulation

Date: Fri, Mar 27, 2009 at 12:01 PM

Chinese central bank slams other nations' lack of regulation

A new statement by the People's Bank of China lambastes financial regulators
around the world for missing the warning signs leading up to the current crisis
and dismisses the notion that markets can regulate themselves.

CURRENCIES: DOLLAR UP; GERMAN WARNING PRESSURES EURO

A budget warning from Germany's finance minister pressures the euro Friday,
while the dollar gains ground versus most major rivals.

BARCLAYS REPORTEDLY WON'T NEED MORE CAPITAL; SHARES MOVE HIGHER

Shares in U.K. lender Barclays move sharply higher Friday after a report that
U.K. regulators believe the bank doesn't need any fresh capital.