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Asian shares cheer as Obama declares debt deal done
SYDNEY: Share markets from Australia to Japan staged a relief rally on Thursday as President Barack Obama declared a deal had been done to lift the government's borrowing limit and avoid a historic default.
US must show flexibility for Pacific trade breakthrough, says Japan
WASHINGTON: Japan said on Friday it would be difficult to achieve a breakthrough in talks with the United States on a Pacific trade deal in time for President Barack Obama's trip to Asia next month unless Washington shows flexibility.
US Congress approves debt limit hike after Senate drama
WASHINGTON: The US Congress approved an increase in the country's debt limit through March 2015, bowing to President Barack Obama's demands for a debt limit increase without any conditions, but only after a dramatic Senate vote on Wednesday.
Aixtron sees slim path to salvage China sale
BERLIN: Aixtron SE was left with a narrow path to salvage its sale to Chinese investors after US President Barack Obama limited his opposition to the semiconductor-equipment supplier’s US assets.
Fed nominee Fischer: policy decisions are best made early
PALO ALTO, Calif: Stanley Fischer, U.S. President Barack Obama's pick for the No. 2 job at the Federal Reserve, said on Friday that decades of crisis-fighting have taught him the importance of making policy decisions quickly, even before all relevant data is in hand.
Battle Over US Fed - Summers' Opponents Seek To Sway Obama
WASHINGTON: Progressive groups opposing Lawrence Summers as the next Federal Reserve chairman are stepping up pressure on President Barack Obama to make a different choice, emphasizing the price his Democratic Party would pay for nominating the former U.S. Treasury Secretary and White House aide.
Obama outlines plans to help US recovery, names economic team
President-elect Barack Obama named his economic team Monday (Tuesday Malaysian time), tapping New York Federal Reserve President Tim Geithner as treasury secretary to deal with what he said was as a crisis of historic proportions.
Obama sternly warns Wall Street,but others say don't take it seriously
NEW YORK: President Barack Obama sternly warned Wall Street Monday against returning to the sort of reckless and unchecked behavior that threatened the U.S. with a second Great Depression like that of the 1930s.
Obama cancels visit to Asia (Update)
WASHINGTON: President Barack Obama canceled plans to attend summits in Indonesia and Brunei on Thursday, bowing to the reality that the political impasse over the US government shutdown requires him to remain in Washington.
US Congress passes historic health care bill(update)
WASHINGTON: The Democratic-controlled Congress handed President Barack Obama a huge victory Sunday night extending health care to tens of millions of uninsured Americans and cracking down on insurance company abuses, a climactic chapter in the century-long quest for near universal coverage.hr noshade size=-1 width=50%>
