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27th of July 2011
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News Tag: Washington

July 15, 2011

S&P may downgrade US AAA rating

by Kay Mitchell
”S&P
Standard & Poor's (S&P;) has warned it may lower the US triple-A debt rating if a deal to lift the Government’s $14.29 trillion borrowing limit is not agreed soon. The news comes just one day after fellow ratings agency Moody’s said there is a risk of a possible downgrade. Both warnings come as tense negotiations in Washington enter the fifth day ...




October 11, 2010

US dollar weakens vs. yen, yuan tensions continue

by Kay Mitchell
’US
The US dollar has fallen to a fresh 15-year low against the Japanese yen today after this weekend’s International Monetary Fund (IMF) annual meeting in Washington failed to resolve the currency issue. Last week, the IMF expressed its concern for a currency war and said if Governments across the world use exchange rates as a policy weapon, there could ...




October 10, 2010

IMF gathering fails to tackle threat of currency war

by Kay Mitchell
’IMF
Last week, the International Monetary Fund (IMF) expressed its concern for a currency war. The Fund said if Governments across the world use exchange rates as a policy weapon, there could be a serious risk to global economic recovery. However, this weekend’s IMF and World Bank annual meeting in Washington saw the currency issue unresolved. Some Governments have been accused of ...




October 6, 2010

IMF fears currency war after interventions by central banks

by Kay Mitchell
”IMF
Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), has expressed his concern for a currency war. According to Mr Strauss-Kahn, if Governments across the world use exchange rates as a policy weapon, there could be a serious risk to global economic recovery. His comments come ahead of the IMF and World Bank annual meeting in Washington later this ...




March 3, 2009

US Fed chairman calls for aggressive action to prevent prolonged recession

by Kay Mitchell
”US
Ben Bernanke, Federal Reserve chairman, is calling for aggressive action to stimulate the US economy. Speaking in front of the Senate Budget Committee in Washington, Mr Bernanke said that stabilising financial markets is vital for economic recovery. Mr Bernanke said progress has been made on the financial side since last autumn but more bold action needs to ...




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