Tag: Timothy Geithner

• Sunday, February 6th 2011 - 21:02 UTC

  Geithner visits Brazil to discuss economic and financial cooperation

  

  United States Treasury Secretary Tim Geithner will visit Monday Brazil to discuss economic cooperation. Geithner is scheduled to return on the same day.

• Friday, February 4th 2011 - 21:21 UTC

  Rousseff and Obama to discuss ways to counteract China’s undervalued Yuan

  

  Brazilian President Dilma Rousseff will discuss with her U.S. counterpart Barack Obama ways to counteract the threat posed by an undervalued Yuan and cheap imports from China, a Brazilian official said.

• Wednesday, November 10th 2010 - 05:33 UTC

  Contrary to expectations China’s October trade surplus soars to 27.2 billion

  

  As world leaders prepare to debate international trade imbalances this week, China announced Wednesday that its trade surplus surged last month to a staggering 27.2 billion US dollars, a 61% increase over the 16.9 billion surplus in September.

• Wednesday, October 20th 2010 - 01:02 UTC

  Geithner vows not to devalue the dollar for export advantage

  

  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

  

  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.

• Sunday, September 12th 2010 - 06:45 UTC

  China trade surplus down; US congress set to discuss value of the Yuan

  

  China's trade surplus narrowed in August as imports picked up at a faster pace and exports slowed although not drastically, official figures showed on Friday. The data is likely to keep up pressure on Beijing to ease currency controls.

• Thursday, August 5th 2010 - 09:09 UTC

  Obama administration wants to end Bush era tax cuts for the rich

  

  The George Bush administration's “misguided” policies are to blame for huge US budget deficits, Treasury Secretary Timothy Geithner charged as he sought to build an election-year case for ending tax cuts for the wealthiest US citizens.

• Saturday, May 15th 2010 - 04:49 UTC

  World Stock Markets Plunge and Euro Falls to 18-Month Low

  

  World stock markets plunge Friday and the Euro hit an 18-month low against the dollar, on growing fears that the austerity packages unveiled across Europe could tip the continent back into recession and stifle global economic recovery.

• Wednesday, May 5th 2010 - 06:07 UTC

  Obama Administration Pushes for Fee on Large Banks to Pay for Bailouts

  

  United States big banks should be charged a fee to pay for bailouts as it will make them less prone to reckless lending, US Treasury Secretary Timothy Geithner told lawmakers as he sought support for the proposal.

• Friday, April 23rd 2010 - 07:00 UTC

  Obama attacks critics of banking reforms to end “reckless practices”

  

  US President Barack Obama has attacked critics of his banking reforms in a speech which warned that without change the financial crisis will be repeated. Reckless practices and financial firms that acted like “bandits” should never be allowed to operate again, he said.