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Tag Archives: Timothy Geithner

Dollar rises vs. most rivals as G-20 ministers meet

Source: The Wall Street Journal’s Market Watch TOKYO – The dollar gained against most major rivals in Asian trading Friday, as investors were reluctant to be short of the U.S. unit as finance ministers from the Group of 20 nations gathered in the South Korean city of Gyeongju, Market Watch reports. In a letter to his G-20 counterparts, U.S. Treasury ...

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Geithner's goal: 'rebalanced' world economy

WASHINGTON — Treasury Secretary Timothy Geithner said he would use weekend meetings of G-20 finance ministers to advance efforts to “rebalance” the world economy so it is less reliant on U.S. consumers, to move toward establishing “norms” on exchange-rate policy, and to persuade others the U.S. doesn’t aim to devalue its way to prosperity, reports the Wall Street Journal. In ...

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