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Tag: Obama

Obama Will Require Banks to Expand Lending as Condition for Aid

By Alison Vekshin and Rebecca Christie
Feb. 2 (Bloomberg) — President Barack Obama will require banks to boost lending to consumers and companies in return for taxpayer aid from the $700 billion bailout fund, in a departure from Bush administration policy, a key lawmaker said.

Asian Currencies Rise, Led by Won, Ringgit, on Spending Plans

By Kim Kyoungwha
Dec. 9 (Bloomberg) — Asian currencies gained, paced by South Korea’s won and Malaysia’s ringgit, as economic stimulus plans encouraged overseas investors to buy the region’s assets.

Pound Gains Versus Dollar as Waning Risk Aversion Boosts Stocks

By Matthew Brown
Dec. 8 (Bloomberg) — The pound rose the most against the dollar in more than five weeks as gains in stock markets around the world eroded appetite for the U.S. currency as a haven.

Canada’s Dollar Gains as U.S. Currency Loses Haven Appeal

By Chris Fournier
Dec. 8 (Bloomberg) — Canada’s dollar rose the most in two weeks as President-elect Barack Obama’s pledge to spend the most on infrastructure since the 1950s reduced the U.S. currency’s haven appeal.

Euro Falls on Speculation German Economic Sentiment Weakened

By Stanley White
Dec. 9 (Bloomberg) — The euro fell against the dollar before German economic sentiment data that may show pessimists outnumbered optimists for a 17th month, allowing more scope for the European Central Bank to lower interest rates.

China’s Yuan Is ‘Spanner in Works’ at Paulson Talks

By Li Yanping and Dune Lawrence
Dec. 4 (Bloomberg) — U.S. Treasury Secretary Henry Paulson is pressing for a stronger yuan at talks that started in Beijing today, just three days after the currency’s biggest drop since the nation scrapped a fixed exchange rate in 2005.