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Showing 221 - 230 of 289 results for "US Treasury"

Sisyphian challenge

BENJAMIN ONG  |  TUESDAY, 11 NOV 2008
... useful purpose but could also be destructive if it gets out of hand. And it has gotten out of hand. Last night, the US Treasury was pushing up the boulder again. The Treasury expanded and changed the terms of the AIG bailout. The original US$85 billion ...

Market Wrap - Morning

AAP  |  TUESDAY, 28 OCT 2008
... higher as traders took some comfort from a positive report on US home sales and upbeat earnings news. News that the US Treasury was opening up capital to help ailing banks also appeared to boost sentiment. The Dow Jones Industrial Average was up 58.94 ...

I'll have what she's having

BENJAMIN ONG  |  MONDAY, 27 OCT 2008
... insurance companies - mainly life insurers -- are holding their bowls in their hands, pleading for salvation from the US Treasury. This followed last week's reports of the disbursement of an initial US$125 billion (of the US$700 billion rescue package) ...

Sober and sombre

BENJAMIN ONG  |  WEDNESDAY, 15 OCT 2008
... last night's official revelation of the details of America's US$700 billion rescue plan. A joint statement by the US Treasury, the Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) announced that they would spend up to US$250 billion ...

Depression no more?

BENJAMIN ONG  |  TUESDAY, 14 OCT 2008
... central bank will now auction unlimited dollar funds as against their previous capped swap arrangements. Rumours that US Treasury Secretary Henry Paulson is planning to purchase equity directly from financial firms also generated optimism in the financial ...

Neuberger Berman pledges money guarantee

RUTH LIEW  |  THURSDAY, 9 OCT 2008
Lehman Brothers subsidiary Neuberger Berman Management has put up its hand to be a part of the US Treasury Temporary Guarantee Program for Money Market Funds. The trustee board of bankrupt Lehman Brothers' asset management arm, along with all other ...

The global recession we have to have

BENJAMIN ONG  |  THURSDAY, 9 OCT 2008
... following the Treasury's announcement that it plans to sell more debt to address funding shortages. According to the US Treasury, the problems 'are across the Treasury market curve' and are primarily affecting medium- and long-term debt, from two-year ...

Fed on Zero Interest Rate Policy?

BENJAMIN ONG  |  TUESDAY, 7 OCT 2008
... processes seen before the second World War. These kinds of finance-driven downturns were difficult to get out of - as the US Treasury and the Fed have now learnt. Certainly the package will help reliquify banks and other financial institutions, but with ...

Putnam hoists money guaranty flag

RUTH LIEW  |  FRIDAY, 3 OCT 2008
Putnam Investments has joined the US Treasury's money market guaranty program in a bid to protect its shareholders' assets. The board of trustees of Putnam Funds authorised the firm's participation in the program late last month. The program provides ...

Soup for Christmas

BENJAMIN ONG  |  TUESDAY, 30 SEP 2008
... around the world. In rejecting the bail-out package, the US Congress indicated that it was not totally convinced by the US Treasury and the Federal Reserve's doomsday scenario. Last night's market action gave them a tangible taste of what was to come. ...