Washington - US President Barack Obama flatly rejected China's call for a global currency that would gradually replace the dollar as an international reserve.
"I don't believe that there's a need for a global currency," Obama said at a White House press conference Tuesday night, adding that the dollar "is extraordinarily strong right now."
Washington - US Treasury Secretary Tim Geithner plans to unveil later Monday details of a programme that will mop up billions of dollars in toxic assets and build new capital for banks to help recover from the financial crisis.
Promising the government's seriousness to counter the impact of the global economic crisis, Venezuelan President Hugo Chavez has announced his "anti-crisis" measures, which include trimming his budget to counterbalance the fall in oil revenues, and increasing planned government financing by three times.
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