Tag: Timothy Geithner

• Monday, July 25th 2011 - 06:47 UTC

  US debt ceiling: Republicans insist in torpedoing Obama 2012 re-election bid

  

  US President Barack Obama reiterated on Sunday his opposition to any short-term plan to raise the US debt ceiling, while Republicans insisted on a two-step solution, a White House official said.

• Tuesday, June 28th 2011 - 23:15 UTC

  Europe keeps IMF post: Lagarde becomes first woman to lead the institution

  

  The Executive Board of the International Monetary Fund selected on Tuesday Christine Lagarde to serve as IMF Managing Director and Madame Chairman of the Executive Board for a five-year term starting on July 5, 2011.

• Monday, June 27th 2011 - 18:48 UTC

  Federal Reserve will remain biggest buyer of US Treasury bills

  

  The Federal Reserve will remain the biggest buyer of Treasuries, even after the second round of quantitative easing ends this week, as the central bank uses its 2.86 trillion US dollars balance sheet to keep interest rates low.

• Thursday, May 26th 2011 - 00:41 UTC

  Lagarde and Carsterns are both “credible” candidates to lead IMF says US

  

  United States Treasury Secretary Timothy Geithner said France's Christine Lagarde and Mexico's Agustin Carstens are both “credible” candidates to lead the International Monetary Fund, but he wants the candidate who can earn the broadest support.

• Sunday, May 22nd 2011 - 12:32 UTC

  European powers endorse French minister Lagarde as next IMF chief

  

  European leaders raced Saturday to nominate a successor for fallen IMF chief Dominique Strauss-Kahn before a G8 summit in France next week, with French Economy Minister Christine Lagarde in pole position.

• Wednesday, May 18th 2011 - 07:10 UTC

  US says IMF should designate an interim Managing Director

  

  Dominique Strauss-Kahn is “not in a position to run” the International Monetary Fund after his arrest over an alleged sexual assault, US Treasury Secretary Timothy Geithner has said. He added IMF's executive board should designate an interim head.
  The alleged assault on a maid happened at New York's luxury Sofitel hotel on 14 May.

• Monday, May 16th 2011 - 03:01 UTC

  China again hikes banks reserves requirements, fifth time this year

  

  In an attempt to cool inflation China’s Central bank raised banks’ reserve requirements for the fifth time this year. The half-point increase takes effect May 18 and will boost levels for China’s biggest lenders to a record 21%.

• Sunday, May 15th 2011 - 15:00 UTC

  Geithner warns of catastrophic consequences if US debt limit is not raised

  

  With the US government about to hit its 14.3 trillion US dollars debt limit, US Treasury Secretary Timothy Geithner has warned of “catastrophic” consequences and a new recession if Washington is not able to borrow more.

• Tuesday, May 10th 2011 - 21:27 UTC

  Beijing promises a more flexible Yuan exchange rate, says US Treasury

  

  China assured the United States that it will continue moving toward a more flexible Yuan exchange rate, a US Treasury official said on Tuesday. The announcement came as the Central bank set the Yuan reference rate at the strongest level since 2005.

• Monday, May 9th 2011 - 00:53 UTC

  Two-day strategic and economic dialogue between US and China

  

  Top US and Chinese officials will be meeting for two days in Washington, starting this Monday. The heads of 16 US government agencies and representatives from 20 Chinese government departments will discuss the most difficult issues in a complex, interdependent relationship.