US Treasury Secretary Timothy Geithner said Asia-Pacific nations need “market-oriented” currencies that are in line with their economic fundamentals to encourage new sources of growth. Members of the Asia-Pacific Economic Cooperation group, which make up more than half of the world’s gross domestic product, must focus on strategies to ...
Asia-Pacific finance ministers were set to call for flexible exchange rates among measures to try to reduce global economic imbalances that were at the heart of the financial crisis. The 21-member Pacific Rim group includes China, which is under pressure, particularly from the United States, to allow its currency to rise, ...
US Treasury Secretary Timothy Geithner travels to Singapore to attend a meeting of finance ministers who are members of the Asia Pacific Economic Cooperation forum for one day next month. Geithner will meet fellow finance ministers on Nov 12 for talks on issues related to the global economic crisis, ...
WITH THE ECONOMIC data now clearly pointing to recovery, policy makers are raising the issue of the exit from the ultra-loose monetary and fiscal policies they employed to prevent a major economic depression last year. US Treasury Secretary Timothy Geithner recently observed that while it was still premature to withdraw ...
Yesterday's report by the Congressional Oversight Panel on the bailouts concludes that banks remain threatened by billions of dollars of bad loans on their balance sheets, and more could fail if the economy worsens, and that - if unemployment rises sha...
What a hoot. The Chinese Communists invaded Washington on Monday demanding not that we sacrifice our freedoms but rather that we balance our budget. Creditors...