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Finally, cooperation has arrived in WashingtonThe US House of Representatives decision to suspend the Treasury debt limit is the most important political event in America since President Barack Obama was first elected in 2008. As anticipate More… |
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Most ME finance professionals bullish on businessSenior financial and treasury professionals in the Middle East are bullish about the prospects for their companies' business in the coming 12 months despite dollar liquidity challenges, a report said. A resounding 73 per cent are optimist More… |
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Mubadala Treasury wins key awardMubadala Development Company, the Abu Dhabi-based strategic investment and development company, last night won the Large Treasury Team of the Year award at the Association of Corporate Treasurers Middle East (ACTME) 2011 Awards. The award More… |
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Geithner to discuss EU bailout fundUS Treasury Secretary Timothy Geithner holds talks with European finance ministers on Friday on the possibility of leveraging the euro zone's bailout fund to help resolve the debt crisis. Washington set up an emergency fund to support US l More… |
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China urges US to deal with debt issueChina's central bank governor urged Washington on Wednesday to act responsibly to deal with its debt issues, saying uncertainty in the US Treasuries market will undermine the international monetary system and hamper global growth. The rema More… |
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US dipping into pensions as debt limit hitUS Treasury Secretary Timothy Geithner told Congress he would start tapping into federal pension funds on Monday to free up borrowing capacity as the nation hits the $14.294 trillion legal limit on its debt. The US Treasury will issue $72 More… |
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Gulf Bank names GM of treasuryGulf Bank has appointed Grant Jackson as general manager of treasury following the approval of the Central Bank of Kuwait. Jackson joins the Bank from Commercial Bank International (CBI) in Dubai, where he has been head of treasury and inv More… |
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Financial fears 'could spread through EU'There is a risk that lack of financial confidence could spread across the European Union and affect previously untouched countries, Britain's chief secretary to the Treasury David Laws has said. Laws, a Liberal Democrat, holds the number t More… |
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US Fed ‘earned $45 billion in 2009’The US Federal Reserve made record profits in 2009 and will return $45 billion to the US Treasury, after its efforts to prop up the economy created a windfall for the government, the Washington Post reported. The $45 billion reflects the h More… |
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Dubai orders state firms to hand over surplusDubai's ruler on Thursday issued a law ordering government-linked companies to transfer their surplus revenues to the emirate's treasury, and to improve transparency and control of public spending. Dubai received a surprise $10 bil More… |
