The United States is calling on India to complete necessary financial reforms in order to boost trade between the two countries, and increase U.S. firms’ access to the Indian consumer market. U.S. Treasury Secretary Timothy Geithner said Tuesday that American companies still face barriers in India in sectors such as banking, insurance, manufacturing and retail. […]
US Urges Reforms to Boost Trade With India
Posted June 28th, 2011 at 1:40 pm (UTC-5)
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US Wildfire Moves Closer to Nuclear Lab
Posted June 28th, 2011 at 1:05 pm (UTC-5)
A raging wildfire in the southwestern United States is moving closer to a key nuclear weapons laboratory, forcing it to shut down for another two days. The website for the Los Alamos National Laboratory in northern New Mexico said only essential personnel will have access to the facility. Lab officials have said all nuclear and […]
US Legal Adviser Defends Obama Action on Libya
Posted June 28th, 2011 at 12:20 pm (UTC-5)
A top U.S. government lawyer has defended President Barack Obama’s decision to intervene in Libya, saying the administration is acting “lawfully.” Testifying before the Senate Foreign Relations Committee Tuesday, State Department legal adviser Harold Koh said the situation in Libya does not constitute a war requiring specific congressional approval under the Constitution. He argued that […]
US Housing Prices Rise
Posted June 28th, 2011 at 11:30 am (UTC-5)
Economic reports Tuesday show U.S. housing prices going up, and consumer confidence falling. The S & P / Case-Shiller home price index showed a gain in April, the first monthly increase in nine months. While prices were better than the prior month, they remain below the same period a year ago. Severe problems in the […]
Washington Backs Lagarde To Head IMF
Posted June 28th, 2011 at 9:35 am (UTC-5)
The United States is supporting French Finance Minister Christine Lagarde in her bid to be the next head of the International Monetary Fund. Russia also publicly endorsed her on Tuesday. In a note to journalists Tuesday, U.S. Treasury Secretary Timothy Geithner cited Lagarde’s “exceptional talent and broad experience.” Geithner also commended her rival for the […]
Washington Backs Lagarde To Head IMF
Posted June 28th, 2011 at 9:05 am (UTC-5)
The United States is supporting French Finance Minister Christine Lagarde in her bid to be the next head of the International Monetary Fund. In a note to journalists Tuesday, U.S. Treasury Secretary Timothy Geithner cited Lagarde’s “exceptional talent and broad experience.” Geithner also commended her rival for the post, Mexican central bank chief Agustin Carstens […]
China Counters US Senate Rebuke on South China Sea
Posted June 28th, 2011 at 6:10 am (UTC-5)
China is brushing off a sharp rebuke from the U.S. Senate, saying the American lawmakers should look for better ways to promote peace and stability in the South China Sea. At a foreign ministry briefing in Beijing Tuesday, spokesman Hong Lei said a unanimous resolution from the U.S. legislative body “doesn’t hold water.” He reiterated […]
Former Citigroup VP Pleads Not Guilty to Charges of Embezzlement
Posted June 28th, 2011 at 2:05 am (UTC-5)
A former vice president of Citigroup has pleaded not guilty to charges that he embezzled more than $19 million in a case that prosecutors are calling the “ultimate inside job.” Federal prosecutors say Gary Foster funneled money from various Citigroup bank accounts to his personal account in eight separate wire transfers between July and December […]
US Senate Deplores China’s Use of Force At Sea
Posted June 27th, 2011 at 10:55 pm (UTC-5)
The U.S. Senate has condemned China’s use of force in the disputed waters of the South China Sea. Senators voted unanimously Monday to adopt a resolution that “deplores the use of force” by Chinese vessels in the strategic maritime zone claimed by several countries. The resolution calls for a peaceful solution of these disputes. In […]
US Senate Deplores China’s Use of Force At Sea
Posted June 27th, 2011 at 10:20 pm (UTC-5)
The U.S. Senate has condemned China’s use of force in the disputed waters of the South China Sea. Senators voted unanimously Monday to adopt a resolution that “deplores the use of force” by Chinese vessels in the strategic maritime zone claimed by several countries. The resolution calls for a peaceful solution of these disputes. In […]
