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Showing 171 - 180 of 289 results for "US Treasury"

Queuing for QE

BENJAMIN ONG  |  MONDAY, 18 OCT 2010
... bank would continue bond purchases "as long as necessary". And China? Neither hail, nor storm, nor floods, nor the US Treasury's threats could force it to revalue its currency. China's commerce ministry cautioned the US against blaming the yuan for America's ...

Fed bearing gift of QE2

BENJAMIN ONG  |  THURSDAY, 14 OCT 2010
... report showed that Chinese exports rose to US$145 billion in September - the second highest on record. Did I just hear US Treasury Secretary Tim Geithner cursed the undervalued yuan? There goes another... this time from Japanese Prime Minister Naota ...

A "race to the bottom" in currencies

JOHN MCDULING  |  FRIDAY, 17 SEP 2010
... Asian currencies to play a greater role in resolving global imbalances going forward, noting that recent rhetoric from US Treasury Secretary Tim Geithner against China has been noticeably stronger. But putting pressure on China to allow the Yuan to appreciate ...

Bending it like Bernanke

BENJAMIN ONG  |  WEDNESDAY, 11 AUG 2010
... Fed announced that it would reinvest the proceeds from its profitable portfolio of mortgage-backed securities into US Treasury bonds to keep the "fun" going. "To help support the economic recovery in a context of price stability, the Committee will keep ...

Goldman Sachs pay $620m to settle SEC lawsuit

SEC RELEASE, BLOOMBERG  |  FRIDAY, 16 JUL 2010
... the monies will be returned to the affected investors through a Fair Fund distribution and the rest will go to the US Treasury. According to Bloomberg, the $620 million sum amounts to 14 days of Goldman's group earnings, based on first-quarter results ...

US Congress passes Wall Street reforms

MICHELLE BALTAZAR  |  FRIDAY, 16 JUL 2010
US Treasury Secretary Tim Geithner said the Dodd-Frank reforms approved by the US Congress this week will ensure that banks, not taxpayers, will pay for future bank failures, and protect consumers from Wall Street greed. Yesterday the 'Wall Street Reform ...

Going nowhere fast

BENJAMIN ONG  |  THURSDAY, 17 JUN 2010
... the Fed....and the rumours: Spanish daily newspaper El Economista reported that the European Union, the IMF and the US Treasury are in talks with Spanish officials involving the provision of a credit line for Spanish banks worth up to 250 billion euros. ...

Hold, Fold or Run

BENJAMIN ONG  |  TUESDAY, 25 MAY 2010
... ashes. But Europe's pain may be somebody else's gain. This brings us to coin-in-the-fountain number two -- China. US Treasury Secretary Tim Geithner is in Beijing urging China to reduce its trade barriers and allow the yuan to appreciate. "You must be ...

Contagion has already happened

BENJAMIN ONG  |  THURSDAY, 29 APR 2010
... institutions would continue. Why? They could borrow money at 0.25 per cent or cheaper from the Fed, turn around and buy US Treasury, say a 3-year bond at 1.75 per cent. That's a risk-free return of 1.5 per cent right there! Multiply 1.5 by millions of ...

Market Wrap - Morning

AAP  |  FRIDAY, 9 APR 2010
... 3,118.71. Asian shares were also subject to profit-taking after most regional bourses had risen five per cent in March. US Treasury Secretary Timothy Geithner was due in Beijing on Thursday to hold talks expected to focus on the yuan, with hopes that ...