InfoAnda - Geithner tells China its dollar assets are safe

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Egypt Islamists seen winning near two-thirds of seats | | 8 January 2012
Kids Of Ex-Cop Jailed Nearly 20 Years For Molestation Say Dad Did Not Abuse Them | 14 July 2009
U.S. unseals new charges against 5 in New York plot | 8 July 2010

Joel Madden Horrified When Strangers Tried To Sell Him A Baby In Traffic | 13 August 2009

Forum Views () Forum Replies ()

Read more with google mobile : Geithner tells China its dollar assets are safe | International |

My Profile Top News Reuters top ten news stories delivered to your inbox each day. Subscribe You are here: Home > News > International > Article Home Business & Finance News U.S. Politics International Technology Entertainment Sports Lifestyle Oddly Enough Health Science Special Coverage Video Pictures Your View The Great Debate Blogs Weather Reader Feedback Do More With Reuters RSS Widgets Mobile Podcasts Newsletters Your View Make Reuters My Homepage Partner Services CareerBuilder Affiliate Network Professional Products Support (Customer Zone) Reuters Media Financial Products About Thomson Reuters Geithner tells China its dollar assets are safe Mon Jun 1, 2009 2:05am EDT Email | Print | Share | Reprints | Single Page [-] Text [+] By Glenn Somerville BEIJING (Reuters) - U.S. Treasury Secretary Timothy Geithner on Monday reassured the Chinese government that its huge holdings of dollar assets are safe and reaffirmed his faith in a strong U.S. currency. A major goal of Geithner's maiden visit to China as Treasury chief is to allay concerns that Washington's bulging budget deficit and ultra-loose monetary policy will fan inflation, undermining both the dollar and U.S. bonds. China is the biggest foreign owner of U.S. Treasury bonds. U.S. data shows that it held $768 billion in Treasuries as of March, but some analysts believe China's total U.S. dollar-denominated investments could be twice as high. "Chinese assets are very safe," Geithner said in response to a question after a speech at Peking University, where he studied Chinese as a student in the 1980s. His answer drew loud laughter from his student audience, reflecting scepticism in China about the wisdom of a developing country accumulating a vast stockpile of foreign reserves instead of spending the money to raise living standards at home. The Beijing-based Global Times greeted Geithner by publishing a survey of Chinese economists who called big holdings of U.S. debt "risky." Geithner renewed pledges that the Obama administration would cut its huge fiscal deficits and promised "very disciplined" future spending, possibly including reintroduction of pay-as-you-go budget rules instead of nonstop borrowing. "We have the deepest and most liquid markets for risk-free assets in the world. We're committed to bring our fiscal deficits down over time to a sustainable level. "We believe in a strong dollar ... and we're going to make sure that we repair and reform the financial system so that we sustain confidence," he said. Geithner also offered strong backing for a bigger Chinese role in international policymaking. "China is already too important to the global economy not to have a full seat at the international table," he said. ECONOMY LOOKING UP Geithner, who is due to meet President Hu Jintao and Premier Wen Jiabao during two days of talks, described the recession as still "powerful and dangerous" in much of the world. Recent signs of improvement were not enough to change an International Monetary Fund prediction that world output would shrink this year for the first time in 60 years. And credit was likely to be tight for some time, Geithner said. But he added: "The global recession seems to be losing force." Continued... View article on single page Share: Del.icio.us Digg Mixx Yahoo! Facebook LinkedIn Next Article: Bomb in Baghdad market kills 4 and wounds 13 Afghanistan and Pakistan Fighting the Taliban A growing insurgency in Afghanistan is also spreading deep into Pakistan, making both countries crucial to U.S. war efforts in the region. Full Coverage More International News Pakistanis secure Swat town, clash in other areas | Video Rebel Georgian region holds election, tension builds Six killed when Abbas forces hit Hamas in West Bank Cracks show in Bulgaria's Muslim ethnic model Iran defuses homemade bomb on plane: report More International News... Featured Broker sponsored link Editor's Choice Slideshow A selection of our best photos from the past 24 hours. Slideshow Most Popular on Reuters Articles Video Federal Reserve puzzled by yield curve steepening Kansas abortion doctor shot to death at church North Korea may launch long-range missile in weeks: report | Video GM to file for bankruptcy, Chrysler sale cleared RPT-WRAPUP 1-GM to file for bankruptcy, Chrysler sale cleared "Twilight" sweeps MTV Awards INSTANT VIEW: GM to file bankruptcy Monday Geithner says U.S. will cut deficits, but GM bill grows Hedge funds worried Obama moves could backfire Japan's Nikkei up after news GM to go bankrupt Most Popular Articles RSS Feed Video West Bank fighting kills six Colombian politician kidnapped Police detain anti-Putin protesters Suu Kyi trial internal affair. Dozens dead in China pit blast China's smoking habit hard to kick Prince Harry takes NY by storm Hot date for Obama U.S. 'opposes' nuclear North Korea Pakistan army "recaptures" main town Most Popular Videos RSS Feed The Great Debate Fearing the supermen of Guantanamo Bernd Debusmann The language used in the debate over plans to close the detention center has taken on a surreal quality and convey the impression that Guantanamo detainees will wander the streets, shopping for sandals and guns. Commentary Follow Bernd Debusmann on Twitter We want to hear from you Join the Reuters Consumer Insight Panel and help us get to know you better Please take a moment to complete our survey Reuters.com: Help and Contact Us | Advertise With Us | Mobile | Newsletters | RSS | Labs | Archive | Site Index | Video Index Thomson Reuters Corporate: Copyright | Disclaimer | Privacy | Professional Products | Professional Products Support | About Thomson Reuters | Careers International Editions: Africa | Arabic | Argentina | Brazil | Canada | China | France | Germany | India | Italy | Japan | Latin America | Mexico | Russia | Spain | United Kingdom | United States Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Monday, 1 June 2009
Iraq's Kurdish region to export oil for first time
Brown says he won't quit, poll predicts Euro rout
Palestinian tensions flare in deadly shoot-out
Former Israeli president Katzir dies
Afghan presidential hopeful vows to create PM post | International |
Israel fumes over US settlement demands
Most Turks back EU entry despite suspicions
Longtime Ukrainian political rivals close to deal: report | International |
Obama speech to Muslims key to new U.S. strategy
Tunisia asks Washington to hand over two detainees | International |
Fatal shooting shows stress risk facing U.S. troops | International |
Approval for Brazil's Lula recovers to near record | International |
Cuba agrees to resume US talks
Pakistanis secure Swat town
U.S. and allies prepare for tougher response to North Korea
Empty condos give universities new dorm space
London's Big Ben ticks over to 150th anniversary
US-ENTERTAINMENT Summary
Renown Late-Term Abortion Doctor Murdered On His Way To Church
Diversity "gobsmacked" by UK TV talent show win
GM Bond Holders Agree To Forgive Debt Ahead Of Bankruptcy Filing
Elderly Man Killed And Decapitated In Florida
Oregon Man Kills Kids, Himself, On Hiking Trail
U.S. Treasury Secretary Geithner To Reassure China On Deficit, Treasuries
Man Fathers 21 Kids From 11 Different Mothers Before Turning 30
Authorities Raid Large Homeless Encampment Under California Freeway
Iraq May civilian death toll lowest since 2003
Last Titanic survivor dies in England
'The Sims' are back -- with more personality
New delay hits human rights suit against Shell
Brown says won't quit as poll predicts Euro election rout
US-TECH Summary
An icon collapses as GM declares bankruptcy Monday
Africa's upwardly mobile money
Cracks show in Bulgaria's Muslim ethnic model | International |
Blogger jailed in Anna Nicole Smith defamation suit
Swedish pirates have wind in their sails for EU vote
GM to lose prestigious spot on Dow
Tiananmen mothers won't let memory of their dead fade | International |
GM: 54% of bondholders approve Treasury plan
Geithner tells China its dollar assets are safe | International |
Bomb in Baghdad market kills 4 and wounds 13 | International |
Africa's upwardly mobile money | International |
Clinton welcomes new US talks with Cuba
Australian woman goes to great lengths for success
Sony to launch smaller, lighter PSP: game websites | Technology |
Abortion doctor shot dead in Kansas church
E3 seen returning to glitz | Technology |
Wang Dan on Tiananmen in 1989: I'm proud
Africa's upwardly mobile money | Technology |
North Korea may launch intercontinental missile-report
Kansas abortion doctor shot to death at church
2,000 leave Australian ship after swine flu drama
Cuba ties in spotlight as Clinton visits C. America
NKorean missile arrives at launch base: reports
Hundreds cheer Dalai Lama as he leaves Denmark
U.S. and Cuba agree to resume migration talks
Israel's Barak visits US in bid to heal rift
Senate Judiciary Ranking Member Will Not Refer To Sotamayor As Racist
Taiwan dollar at over 7-mth high on funds, exporters
S.Korea May exports down 28 pct, below f'casts
S.Korea big firms see no short-term recovery -FKI
S.Korea bonds up on U.S. lead; data eyed
Seoul shares down as N.Korea worry weighs
Kosovo dispute spreads to classrooms
Twilight sweeps MTV Awards | Entertainment |
Namibian ancient tribe faces land invasion
Susan Boyle in clinic after collapse: report
Talent star Boyle taken to clinic | Entertainment |
Blonde therapy lifts spirits in crisis-hit Latvia
Leno's Tonight Show farewell sweet but not sappy | Entertainment |
Ubisoft's madcap 'Rabbids' breeding US fans
Woody Allen casts replacement for Kidman | Entertainment |
"Smithsonian" atop overseas box-office pedestal
Smithsonian atop overseas box-office pedestal | Entertainment |
Halle Berry in talks for "Surrogate"
Halle Berry in talks for Surrogate | Entertainment |
Leno's "Tonight Show" farewell sweet but not sappy
Quinn, Miller ink for Flipped | Entertainment |
Blockbuster videogame line-up to spark E3 magic
Michael Shannon rounds up Runaways role | Entertainment |
'Up' flies to the top of North American box office
Firefighter Given Probation After Admitting Stealing Severed Foot
Classified Ad Seen As Assassination Threat Against Obama, Secret Service Investigating
Researcher's Accidental Discovery Could Help Feed Millions
Iraqi Teen Gives Solution To 300-Year-Old Math Puzzle
Supermodel Gisele Bundchen Tops Highest-Earning Model List With $25 Million A Year Wages
Australia's Infamous Tasmanian Devil Lands On Endangered List
"Girl Next Door" Kenda To Have "Special" Dance With Ex-Boyfriend Hugh Hefner At Her Wedding
Iraqi Kurdistan begins oil exports
Air France jet with 228 people missing over Atlantic
Air France plane crashes into Atlantic with 228 aboard | International |
Hara helps companies profit from being green
Iran arrests 'rogues' over unrest
NKorea preparing long-range missile test: SKorea
Rebel leader sweeps 'illegitimate' S.Ossetia poll
Pakistanis secure Swat town, clash in other areas | International |
North Korea may launch long-range missile in weeks: report | International |
U.N. rights team probes Israel's Gaza offensive | International |
Reality show hogs vital EU vote for Berlusconi | International |
Settlers seek takeover of East Jerusalem area | International |
UN: South Sudan violence more deadly than Darfur | International |
US, Russia begin new round of nuclear arms talks
US judge approves sale of Chrysler to Fiat
US drone strikes hit 'high-value' Al-Qaeda targets
Pakistan: closing in on another key NW town
Experts warn mobile phones face hacking threat | Technology |
Australia police break up Indian protest, detain 18
Public asked to help monitor life on earth | Technology |
SKorea spends 2.4 million dlrs on summit: source
U.S. online travel agencies end airline booking fees | Technology |
Global chip sales up 6.4 percent in April | Technology |
Samsung to sell 12-megapixel cameraphone in June | Technology |
Prime View to buy electronic paper maker E Ink | Technology |
China says manufacturing continued to expand in May
China defends economic data
WRAPUP 1-S.Korea exports up but no durable revival yet
SCENARIOS-What outcome for Pakistan's battle in Swat?
Pakistan targets 65 bln rupees in T-bill auction
Japanese auto sales fall in May
Seoul shares rise; autos, energy issues rally
Thai inflation negative for fifth month: govt
SKorea's trade surplus declines in May
Susan Boyle: A cautionary tale for celebrity age | Entertainment |
Cabaret star Danny La Rue dies aged 81 | Entertainment |
Smithsonian atop overseas box-office pedestal | Entertainment |
Israel's former TV ratings king under arrest | Entertainment |
Three Wounded After FL Deputy Fires At Vehicle Near Middle School
New Border Rules In Effect: Five Types Of Canadian IDs Acceptable When Crossing U.S. Border
Billy Bob Thornton's Daughter Charged Over Death Of A Child She Was Babysitting
Obama To Announce GM Bankruptcy Monday...Government To Own 60 Percent Of Automaker
Bloomberg Blasts Rep. Rangel's Remark About Blacks, Including Obama, Not Being Safe In Harlem
Former Hillary Campaign Chairman Terry McAuliffe Denies "Bribing" Ralph Nader
Minnesota Supreme Court Set To Hear Oral Arguments In Senate Election Contest
Man Charged In Murder Of Prominent Abortion Doctor; Obama Deplores Shooting As "Heinous Act"
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01