As the United States combats a slowdown and Europe confronts a period of slower growth, economies on the Pacific Rim will need to do more to stimulate demand at home, US Treasury Secretary Timothy Geithner said on Thursday.
The Greece and Euro-zone bailout may not end their solvency problems but it signals that EU policymakers remain committed to global financial stability.
He also called for tough and effective reforms so that when such mistakes happen, they are modest in size and the financial system can handle them well.
Union Finance Minister Pranab Mukherjee arrived in Washington, DC on Monday to participate in the India-US economic partnership dialogue, during which he is expected to meet US Secretary of State Hillary Clinton.
India over the years has emerged as a role model for balanced economic growth for countries across the world, US Treasury Secretary Timothy Geithner said on Tuesday.
Complimenting India on maintaining market linked exchange rate, US Treasury Secretary Timothy Geithner on Monday asked other key economies to move toward flexible exchange rate regime.
The US, he said, is working in the G-20 to help build consensus on long-term reforms that will provide the foundation for a more balanced, more stable global economy.
US Treasury Secretary Timothy Geithner on Wednesday identified India, China and Brazil as countries that will experience rapid growth in the coming decades, which he said would provide "consistent strength" to the American economy.
On Wednesday, Mukherjee addressed two press conferences at the International Monetary Fund.
The growth of these countries in one way or the other would boost up American economy, he told reporters at a White House news conference.
The $14.29 trillion borrowing limit underscores the need for Congress to put in place a fiscal straitjacket like the CAP Act.
The Gupta family has relocated to Dubai amid corruption charges against them in South Africa.
TikTok has stressed that its US user data is already stored on US-based servers and backed up in Singapore, and is therefore not subject to Chinese law as some US officials have feared.
To combat terror financing, India and the US committed to work together to check illicit money transfers.
'Beijing is watching Obama's visit closely. While Chinese leaders have faced opposition from Japan and Vietnam, they view India's rise with caution.'
The NSE Nifty settled at 10,454.95, down 121.90 points, or 1.15 per cent.
The visiting US treasury secretary Timothy F Geithner today said Washington will closely work with New Delhi to promote a more balanced and greater economic cooperation between the two nations.
The launch of the US-India Economic and Financial Partnership on Tuesday is significant because the two countries have traditionally been wary of opening up their markets and services to each other.
The strange allegation by UAE officials is noted in a State Department cable, which reports the details of a meeting between officials of the US Treasury Department and those of UAE's State Security Department (SSD) and Dubai's General Department of State Security to discuss suspected Taliban-related financial activity in the UAE.
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The 'in substance' agreement with India under Foreign Account Tax Compliance Act was concluded on April 11, the US Treasury said.
After being on the defensive for the last two years, global bankers are making their presence felt in Davos.
A United States official is set to hold talks in the United Arab Emirates, Bahrain and Lebanon this week on sanctions imposed by the United Nations Security Council on Iran over its nuclear programme.
India on Tuesday asked US investors to participate in its $600-billion infrastructure programme in the next five years, even as America sought greater financial cooperation for bringing about global economic stability.
US Treasury Secretary Tim Geithner and Finance Minister Pranab Mukherjee announced the establishment of a new US-India Economic and Financial Partnership to strengthen bilateral engagement and understanding on macroeconomic, financial sector and infrastructure-related issues.
He should not publicly press India to open its financial sector.
China is also the largest owner of the US Treasury securities.
The British pound was down nearly 9 per cent in early morning trade.
On the eve of United States President Barack Obama's maiden visit to India, the US Treasury on Thursday targeted the financial and support networks of the Lashkar-e-Tayiba and Jaish-e-Mohammed and also took action against Azam Cheema, who helped train operatives for the November 2008 Mumbai attacks and was the "mastermind" behind the July 2006 Mumbai train bombings carried out by LeT.
US Treasury Secretary Timothy Geithner has said that he is in favour of expansion of H-1B visa programme, offered to highly skilled professionals and students to live and work in the country.
US Treasury Secretary Timothy Geithner has sought level playing field for American companies in China.
Industrialists Anand Mahindra and Ratan Tata will co-host a power lunch for CEOs with the visiting US Treasury Secretary Timothy Geithner on April 7.
A group of influential Senators has asked the US Treasury Secretary Timothy Geithner to list China as a currency manipulator in his April 15 bi-annual exchange rate report to the Congress.
When President Barack Obama and Dr Manmohan Singh had announced the initiative, Geithner had said that 'India is an emerging global power and a country with which the US has an increasingly important economic and financial relationship.'
The US economy, which is hit by one of the worst crisis after the Great Depression, is coming back stronger and faster than predicted, the US Treasury Secretary, Timothy Geithner, has said.
With various financial sector bills pending in Parliament, the US today said India should further liberalise this area to sustain 8-9 per cent growth it was recording before being impacted by global economic crisis.
Billionaire Mukesh Ambani-run firm sold $1 billion of 10-year notes and $500 million of 30-year bonds, the company said.
The rupee resumed lower at 64.20 per dollar.
India, China and other countries from the emerging markets are likely to grow at a high rate for sustained period of time as they have a long way to go to bring their people from agriculture into industry, US Treasury Secretary Timothy Geithner told US lawmakers.
American International Group is in talks with the US government to speed up an exit plan designed to repay taxpayers in full while enabling the giant insurer to regain independence, says a media report.
The nearly one trillion dollar EU-IMF package to bail-out Greece from its sovereign debt crisis may impact China, as it would limit options for Beijing to diversify its overseas financial portfolio and may even affect its exports.
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