US Federal Reserve

By Al Jazeera Staff in Africa on February 22nd, 2011
Alleged mercenaries deployed by Gaddafi in Tripoli, the Libyan capital.

As the uprising in Libya enters its ninth day, we keep you updated on the developing situation from our headquarters in Doha, Qatar.

By Al Jazeera Staff in Middle East on February 17th, 2011
Saif Gaddafi, the son of Libya's leader, warned of 'civil war' in a speech on Sunday night.

As protests in Libya enter their eighth day, following a "day of rage" on Thursday, we keep you updated on the developing situation from our headquarters in Doha, Qatar.

(All times are local in Libya GMT+2)

Blog: Feb17 - Feb18 - Feb19 - Feb20

By Al Jazeera Staff in Middle East on January 31st, 2011

From our headquarters in Doha, we keep you updated on all things Egypt, with reporting from Al Jazeera staff in Cairo, Alexandria, and Suez.  Live Blog: Jan28 - Jan29 - Jan30 - Jan31 - Feb1 - Feb2 - Feb3<

By Abid Ali in Business on October 19th, 2010
Photo from AFP

There’s a race going on right now. A "war" if you take the words of Brazil’s finance minister, Guido Mantega, to devalue currency. The reason is simple: by keeping your currency low against your competitor you will export more.

Timothy Geithner, the US treasury secretary, says his country  is not involved in currency manipulation. On the other hand, the US accuses China of being a currency manipulator and has delayed publishing a report to this effect.

"It is not going to happen in this country." Geithner said.

It is very important for people to understand that the United States of America and no country around the world can devalue its way to prosperity, to (be) competitive.

By John Terrett in Americas on April 21st, 2010
Photo by AFP

When the giant investment bank Lehman Brothers fell, it created the largest bankruptcy filing in US history and helped accelerate the worst global recession in 70 years.
 
Now 19 months later Washington's asking how the firm failed and why it couldn't be saved.
 
Recent revelations have suggested that the true state of Lehman's balance sheet at the time of its collapse was much worse than thought - and that the firm used an accounting "trick" to hide the reality of its books.

Federal Reserve Chairman Ben Bernanke, who was testifying in Washington DC on Tuesday before a House committee investigating the collapse of the investment bank in 2008, said the failure of Lehman Brothers was "unavoidable".  

By John Terrett in Americas on November 18th, 2009
Photo by AFP

At the height of the great financial collapse of 2008, insurance giant AIG could not come up with enough cash to reimburse the many companies and countries that had insured against a collapse in the US sub-prime housing market.

AIG was such a huge firm that foreign governments from Europe to the Middle East and Latin America were phoning the White House to plead with the Bush administration to stop AIG from going out of business, in case their own economies were ruined.

The US government answered the calls by bailing out the big insurance company - and paying off, in full, the companies that AIG insured. 

Now, twelve months on and $150bn dollars of federal cash later to help AIG, a new report says the US federal authorities were too swift to pay back in full the big Wall Street banks who were insured against a collapse in the housing market through AIG.

Al Jazeera Live

What's Hot


Recent Comments

This work is licensed under Creative Commons. Please read our attribution policy.