When it comes to global finance, United States not only dominates the global markets but other countries are equally eager to listen what Bush administration has to say on the issue. Struggling with sluggish growth rate and mounting inflation threat at home the bush administration has appointed Henr[...]
Posts Tagged ‘Henry Paulson’
May 31st, 2012 - 1:57 pm § in News Of Economy
US Treasury Secretary Paulson says global economy is strong
May 30th, 2012 - 1:54 pm § in News Of Economy
Paulson urges China to Speed up capital market cooperation and reforms
The U.S. Treasury Secretary Henry Paulson has said China risks wasting trillions of dollars in resources and lost economic potential unless it rapidly opens its capital markets. He further said in a speech delivered in Shanghai that China should open its financial sector further to foreign competiti[...]
May 9th, 2012 - 1:20 pm § in News Of Economy
US Treasury chief says narrowing tax gap is unrealistic
US Treasury Secretary Henry Paulson has recently told Senators that considerably lessening the tax gap between federal taxes owed and taxes paid may not be possible ‘without adding draconian and painful requirements on all taxpayers,’ most of whom pay their taxes in full. However, he als[...]
April 26th, 2012 - 12:20 pm § in News Of Economy
Final act in Wolfowitz drama, WB Panel releases report
The ad hoc World Bank panel has criticized Wolfowitz for violating the ‘Code of Conduct and Staff Rules,’ and has rejected the arguments that he had earlier submitted in his defense. The panel appointed by the World Bank, to look into the charges leveled against World Bank President Paul[...]
April 20th, 2012 - 9:51 am § in News Of Economy
American furor against China
The situation is getting increasingly tensed between China and United States. And the reason is nothing but bilateral trade. Yuan’s under-valuation is becoming tough barrier for US exporters. In 2005 China discontinued it Pegging policy of Yuan against US dollar. And opted for Crawling Peg sys[...]
April 19th, 2012 - 9:49 am § in News Of Economy
Prez Bush favors status quo at WB
President George W. Bush has confirmed what many had expected. On Monday, in an interview with Reuters, he said that he would like to see an American at the helm of the World Bank, once Paul Wolfowitz officially departs. Wolfowitz had announced that he would leave World Bank on June 30, the end of B[...]
April 19th, 2012 - 9:33 am § in News Of Economy
Bush to China: Eat ‘U.S. Beef’
At the end of the high-level economic talks between Chinese and U.S. officials, the one thing that bothered President Bush most was the ‘beef’. After a meeting with visiting Chinese Vice Premier Wu Yi, Bush said that he was really disappointed that China was unwilling to concede on the i[...]
January 31st, 2012 - 1:52 pm § in News Of Economy
Shaky market kindles hopes for another rate cut
Stocks steadily strengthened after the Federal Reserve’s recent interest rate cut, but failed to meet with the anticipated promises. Market is continuously being hurt by the debt market – to alleviate the ongoing credit crunch and to calm the market precariousness, another rate cut is ho[...]