• Most Popular
  • Most Shared

Geithner says exit policies may vary globally

Thu Nov 12, 2009 4:24am EST

SINGAPORE, Nov 12 (Reuters) - U.S. Treasury Secretary Timothy Geithner said on Thursday that the timing of stimulus exit policies would vary between countries, but business confidence and the financial system would need to be restored first.

Currencies

"The challenge is growth. First growth, but make sure we have business confidence restored, investments expanding again, unemployment coming down, financial sector definitively repaired -- that's our basic challenge," Geithner said in Singapore after a meeting of Asia Pacific finance ministers. (Reporting by Neil Chatterjee and Anshuman Daga; Editing by Saeed Azhar)



More from Reuters

Photo

Senate on track to pass healthcare bill

WASHINGTON (Reuters) - Senate Democrats moved closer on Monday to passing landmark healthcare legislation by Christmas after scoring a win in the first big test vote and gaining the support of a powerful lobbying group for doctors. | Video

Photo

Political risk clouds Asia

The economic outlook is strong, but the danger of a sudden correction hangs over Asian markets - as political risks could turn sunshine to storm clouds in the blink of an eye.  Full Article 

Two men shake hands in a file photo.    REUTERS/File

Let's make a deal

The battered M&A sector will make a tepid recovery in the coming year and three hot sectors will lead the way, according to a Thomson Reuters analysis.  Full Article