United States

United States
Monday, October 25th 2010 - 02:55 UTC

US says China is “committed” to allow the Yuan to appreciate

Timothy Geithner met with China's Vice-Premier, Wang Qishan

United States Treasury Secretary Timothy Geithner has said he believes China is now “committed” to allowing the Yuan to go up in value. Mr Geithner made the comment in a TV interview before he held talks with China's Vice-Premier, Wang Qishan.

Monday, October 25th 2010 - 02:45 UTC

California voters support undocumented immigrants as “advantageous”

The controversial “wall” along the border with Mexico

California voters have an overall positive opinion about immigrants and support those undocumented aliens who have been working in the state for years should be able to remain and go on with their lives.

Friday, October 22nd 2010 - 03:07 UTC

Geithner promises Brazil it won’t allow the US dollar to weaken

Treasury Secretary says the US wants a strong dollar, downplays impact of Federal Reserve easy-money policy

US Treasury Secretary Timothy Geithner told Brazil’s Finance Minister Guido Mantega that the Obama administration won’t allow the US dollar to weaken, Mantega said.

Thursday, October 21st 2010 - 08:37 UTC

Prime farmland in Argentina costs almost as much as in United States

Humid Pampa farmland can fetch 14.000 US dollars a hectare

Prices for the best farmland in Argentina’s breadbasket, the humid Pampa have risen on average 10% this year according to registered operations reports. This means the hectare of prime agriculture land in Argentina now costs almost the same as the average price of farmland in the state of Illinois, 14.000 US dollars.

Wednesday, October 20th 2010 - 03:06 UTC

US Treasury launches fourth sale of Citigroup common stock

Buying Citigroup shares was an excellent deal for the US government

The US Treasury Department said it has launched a fourth sale of 1.5 billion shares of Citigroup Inc common stock under a prearranged trading plan.

Wednesday, October 20th 2010 - 01:02 UTC

Geithner vows not to devalue the dollar for export advantage

US Treasury Secretary Timothy Geithner in the eye of the storm

Treasury Secretary Timothy Geithner vowed that the United States would not devalue the dollar for export advantage, saying no country could weaken its currency to gain economic health.

Wednesday, October 20th 2010 - 00:57 UTC

World Bank warns the US about consequences of dollar liquidity

Vikram Nehru, World Bank's chief economist for Asia-Pacific

Surging capital inflows threaten Asia's economic stability, the World Bank warned after Treasury Secretary Timothy Geithner sought to draw the venom from a global row over currencies by vowing not to devalue the dollar.

Saturday, October 16th 2010 - 00:06 UTC

US Federal Reserve prepared to buy more US government bonds

Federal Reserve Chairman Ben Bernanke concerned about unemployment and low inflation

US Federal Reserve Chairman Ben Bernanke has opened the way to a new round of quantitative easing. “There would appear, all else being equal, to be a case for further action,” he said, in a speech to the Boston regional Federal Reserve, Friday.

Thursday, October 14th 2010 - 05:58 UTC

President Obama and Democrats ratings fall ahead of November midterm election

An overwhelming majority, 65%, say job creation is the main concern

United States President Barack Obama's approval rating fell to a new low of 43% since he took office, down from 47% last month, according to a Reuters-Ipsos national poll. Ipsos pollsters say it appears that much of that drop comes from Democrats whose approval of Obama fell to 70% from 78% last month.

Thursday, October 14th 2010 - 05:51 UTC

US Treasury Secretary sees “no risk” of global currency war

United States Treasury Secretary Timothy Geithner

United States Treasury Secretary Timothy Geithner said he sees “no risk” of a global currency war and wants to maximize incentives for China to allow its Yuan to rise in value. He told the Charlie Rose Show in an interview that China would work against its basic development objectives if it kept its currency undervalued.

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