The president of World Bank called on Obama earnestly fulfill the commitments of foreign aid
Xinhua in Washington, on January 23rd Xinhua: the president of World BankRobert Zoellick on the 23rd in the “New York Times” wrote that the poor in Africa, for which financial crisis the United States triggered, should not pay a price and the new U.S. president Obama should conscientiously implement the foreign aid commitments of U.S. government. Zoellick said in the article, the current situation without delay, the financial crisis has led to more than one hundred million to return to poverty. He also warned that “2009 would be in danger.”
In this year the global hedge fund assets may shrink 450 billion U.S. dollars
In Beijing on January 24th the early morning news, according to Morgan Stanley analyst in London, Hugh Van Steenis (Huw van Steenis) on Friday said that hedge fund losses in 2008 hit the highest ever recorded, and in 2009 likely would continue to deteriorate, forcing the hedge fund managers to a comprehensive change in investment strategy.
U.S. Treasury Secretary criticize without resons to stir up trouble so a large number of sell-off instant of the United States treasury bonds
Hexun hearing the news, according to “Sing Tao network” reports, the Government’s Finance Minister of Obama nominee Gaynor on 22nd accused China of manipulating the exchange rate, which would urge China to let the market mechanism play a bigger role in setting the yuan exchange rate. After Gaynor’s remarks shortly, the foreign exchange market appeared to be a large number of sell-off of U.S. treasuries situation.
U.S. companies committed to Wenchuan disaster for assistance amounting of 124 million U.S. dollars
On January 24th according to the Ministry of Commerce website, the U.S. Public-Private Partnership, PPP assistance in the restoration and reconstruction of Wenchuan earthquake-stricken area, recently was signed a memorandum of understanding and entered into force. Vice Minister of Commerce Yi Xiaozhun and the United States Agency for International Development, Fall, the United States, Managing Director of the Business Roundtable Larry Burton, on behalf of China and the United States government with the private sector signed a memorandum of understanding.
Citigroup sold 12 billion U.S. dollars of support the bonds of FDIC to increase capital
Hexun hearing the news, according to “Bloomberg (Bloomberg)” on January 24th it published a signed article for Gabriel Coppola in which said Citigroup planed to sell the value of 12 billion U.S. dollars which security bonds provided by the U.S. Federal Deposit Insurance Corporation (FDIC), therefore, Citigroup CEO Vikram Pandit said that the move aimed at increasing the capital, and to prevent Citigroup plunging into bankruptcy.
Bank of America and Citigroup may be nationalized in disguised form
On the evening of 23rd the news, the former U.S. banker and regulator recently pointed out that the U.S. government had decided to once again towards the Citigroup and Bank of America (Bank of America Corp.) to provide huge amounts of money , which could become a disguised form of nationalization measures. In the face of pressure from legislators as a circumstance, Citigroup and Bank of America are being forced to take the restructuring of management, the abolition of executive bonuses, reduction the number of staffs and other measures, and had to submit monthly reports on how to raise the size of loans, when the three years quarterly dividend was reduced to 1 cent per share.
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