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.
Posted: February 2nd, 2009 under News.
Tags: Bailout, currency, Executive Compensation, Federal Reserve, Forex, Global Recession, Obama, Pricing Issue, Stiglitz Criticism
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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.
Posted: December 9th, 2008 under News.
Tags: Asian Currency, Korea Exchange Bank, Kospi stock Index, Malaysia's Ringgit, MSCI Asia Pacifix Index, Obama, South Korean won, Won
Comments: none
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.
Posted: December 9th, 2008 under News.
Tags: Australian Dollar, Commerzbank AG, currency, Euro, Europe, MSCI World Index, New Zealand Dollar, Obama, Pound, Recession, U.K. Bond
Comments: none
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.
Posted: December 9th, 2008 under News.
Tags: bond, Canada's central bank, Canada's dollar, Citigroup, Commodity plunge, Dollar, Obama, Schneider Foreign Exchange, U.S. dollar
Comments: none
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.
Posted: December 9th, 2008 under News.
Tags: Asian stock, currency, Dollar, ECB, Euro, European Central Bank, Foreign-Exchange, German, New Zealand, Obama, Royal Bank of Scotland, South Korean won, ZEW
Comments: none
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.
Posted: December 4th, 2008 under News.
Tags: China, Chinese Assets, export market, Fixed Exchange rate, Obama, Yuan
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