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Business 17 Oct 2013 | 9:00 AM

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.

Business 29 Mar 2014 | 8:19 PM

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.

Business 13 Feb 2014 | 8:23 AM

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.

Business 06 Dec 2016 | 12:00 AM

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.

Business 15 Mar 2014 | 10:12 PM

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.

Business 06 Sep 2013 | 6:41 AM

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.

Business 25 Nov 2008 | 12:00 AM

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.

Business 15 Sep 2009 | 12:00 AM

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.

Business 04 Oct 2013 | 11:27 AM

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.

Business 22 Mar 2010 | 12:00 AM

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 noshade size=-1 width=50%>