After receiving support from the United States at the critical moment, Christine Lagarde was named Tuesday as the next managing director of the International Monetary Fund. In campaigning for the job, Ms. Lagarde, France’s finance minister, made various promises to emerging markets with regard to improving their relationships with the I.M.F. [...]
Archive for the ‘World Financial’ Category
Christine Lagarde and the Demand for Dollars
June 30th, 2011 by Financial Writer
Tags: budget deficit, Christine Lagarde, economy, emerging markets, european union, federal budget, foreign exchange, International Monetary Fund
more...German Finance Minister Attacks Fed Move Again : Report
November 6th, 2010 by Financial Writer
BERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble renewed his criticism of the U.S. Federal Reserve’s move to buy $600 billion worth of government bonds, saying it undermined U.S. credibility and created uncertainty, according to a German magazine.
“I have great doubts about whether it makes sense to pump unlimited amounts of money into the markets,” [...]
Tags: european economy, european union, financial sector, Global Economy, monetary, us economy, world economic
China Day Ahead: U.S. Says Rare Earth Isn’t a Threat; Global Trade Balance
October 31st, 2010 by Financial Writer
The U.S. Defense Department has concluded that China’s monopoly on rare-earth materials, used in military hardware such as missile guidance and radar systems, poses no threat to national security, according to a person familiar with a year-long study by the Pentagon.
The report notes that rising prices and supply uncertainties are spurring private investment in new [...]
Tags: Chinese economy, inflation, loans, money, stock prices
Dollar Climbs Amid Questions About Fed Program
October 27th, 2010 by Financial Writer
Dollar rallies amid concerns Fed bond-buying program might be smaller than anticipated
The dollar strengthened Wednesday after concerns grew that the Federal Reserve’s plans to buy Treasurys might be smaller and slower than traders anticipated.
Traders have been expecting that the Fed will announce a plan next week to swiftly buy U.S. Treasurys, with some estimating the [...]
Tags: central bank, economic growth, Federal Reserve, financial markets, interest rates, us economic, us stocks, US Treasuries, wall street
G-20 powers agree to Geithner currency and trade plan
October 23rd, 2010 by Financial Writer
Finance ministers from the world’s major nations agreed to a U.S.-brokered plan for easing tensions over exchange rates and world trade patterns, saying that a “fragile and uneven” economic recovery was at risk if top powers pursued conflicting policies or used the value of their currencies to gain an edge for their exports.
Aiming to head [...]
Tags: economic activity, economic recovery, Federal Reserve, financial leaders, g20, World Financial
China Fear of Echoing Post-Plaza Japan Limits `Hyundai Accord’
October 21st, 2010 by Financial Writer
China’s reluctance to deliver “shock therapy” through a faster appreciation of the yuan may be a bid to avoid repeating history: Japan’s.
As Group of 20 finance chiefs begin talks today in Gyeongju, South Korea, China is deflecting foreign pressure to fast-track the yuan’s gains after limiting them to about 2 percent against the dollar since [...]
Tags: bank of japan, China, economic growth, g20, Global Economy, interest rates, World Financial
Google trumps Wall Street targets, shares soar
October 14th, 2010 by Financial Writer
Google Inc (GOOG.O) eased fears that big spending would erode margins as its results blew past Wall Street’s targets, and the Web search leader revealed for the first time the strength of its fledgling mobile and online display ad businesses.
Analysts said strong growth across Google’s core advertising business led to a 25-percent surge in net [...]
Tags: business investment, economic recovery, financial markets, financial system, Global Economy, interest rates, investor market, us economy, wall street
MIT prof among 3 Nobel economics winners
October 11th, 2010 by Financial Writer
A bleary-eyed Massachusetts Institute of Technology professor Peter Diamond was being driven home from Logan Airport by his wife early Monday when a colleague called to congratulate him on winning the 2010 Nobel economics prize.
It was the first Diamond had heard of the decision, on the last leg of a long trip from New Zealand.
“I [...]
Tags: economists, financial markets, financial system, unemployment rate, us economy
China Opposed to Rapid Yuan Gain, Tells EU to Back Off
October 6th, 2010 by Financial Writer
China stiffened its opposition to a rapid appreciation of the yuan, setting the stage for a confrontation over exchange rates at this week’s international monetary meetings in Washington.
Premier Wen Jiabao said China will stick to its policy of gradually increasing the currency’s flexibility and lashed out at European Union leaders for teaming with the U.S. [...]
Tags: bank of japan, central bank, economic growth, economic recovery, european economy, Global Economy, japan's economy, money, us economic, world economic
AT A GLANCE: Fed Hints At Steps To Help Economy, Rates Unchanged
September 21st, 2010 by Financial Writer
THE NEWS: Members of the Federal Open Market Committee Tuesday kept key interest rates unchanged and deferred taking any new steps to boost the economic recovery, but it hinted it’s becoming uneasy about the outlook for the U.S. economy in 2011 and said it is prepared to provide additional accommodation as needed.
THE DETAILS: Fed officials [...]
Tags: Dow Jones Industrial, economic recovery, financial crisis, financial markets, interest rates, stock market, us economy