Geithner Gave Libor Recommendations to U.K.
July 25 (Bloomberg) -- U.S. Treasury Secretary Timothy Geithner says he gave "detailed" recommedations on Libor to U.K. regulators. He testifies about the Financial Stability Oversight Council's annual report before the House Financial Services Committee in Washington. (This is an excerpt from the hearing. Source: Bloomberg)
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Mongolia Reaches Agreement With IMF
17:38 - Mongolia reached an initial agreement with the International Monetary Fund for a three-year program that includes a $440 million loan package as part of a $5.5 billion bailout to help the north Asian country with looming debt repayments. IMF Mission Chief to Mongolia Koshy Mathai explains the agreement on "Bloomberg Daybreak: Asia." (Source: Bloomberg)