Investors and economists will be watching closely Tuesday as the head of the U.S. central bank assesses the economy and describes possible policy changes intended to boost growth and employment. In a speech Tuesday afternoon, Federal Reserve Chairman Ben Bernanke may reveal if the bank will make more efforts to cut long-term interest rates. The […]
Obama: Confident Nation Will Avoid 2nd Recession
Posted June 7th, 2011 at 1:40 pm (UTC-5)
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US: China Agrees to end Wind Power Subsidies
Posted June 7th, 2011 at 1:05 pm (UTC-5)
China has agreed to stop subsidizing domestic manufacturers of wind energy turbine components, after the United States filed a complaint with the World Trade Organization alleging the subsidies illegally shut out foreign competition. The U.S. challenge was filed in December, just weeks before a U.S. visit by China’s President Hu Jintao. The challenge accused Beijing […]
Obama, Merkel Discuss Libya, Economy, Mideast Peace
Posted June 7th, 2011 at 1:00 pm (UTC-5)
U.S. President Barack Obama says it is only a “matter of time” before Libyan leader Moammar Gadhafi gives up power. Mr. Obama spoke Tuesday at the White House, alongside German Chancellor Angela Merkel. He said he and the German chancellor have been clear that Mr. Gadhafi must step down and hand power to the Libyan […]
Obama, Merkel Discuss Libya, Economy, Mideast Peace
Posted June 7th, 2011 at 12:10 pm (UTC-5)
U.S. President Barack Obama says he and German Chancellor Angela Merkel have been clear that Libyan leader Moammar Gadhafi must step down and hand power to the Libyan people. Speaking alongside Ms. Merkel at the White House Tuesday, President Obama said the international pressure will only continue to increase until he does. The president spoke […]
Obama, Merkel to Discuss Differences over Libya, Economy
Posted June 7th, 2011 at 11:05 am (UTC-5)
U.S. President Barack Obama has welcomed German Chancellor Angela Merkel to Washington, where the two leaders are set to discuss economic policy and the conflict in Libya. President Obama is honoring Ms. Merkel with all the pomp and ceremony of an official visit, including an elaborate White House arrival ceremony. But the more serious issues, […]
President Obama Loses Key Economic Advisor
Posted June 7th, 2011 at 10:55 am (UTC-5)
One of U.S. President Barack Obama’s key economic advisors will leave the White House in a few months and return to teaching at the University of Chicago. Mr. Obama calls Austan Goolsbee one of his “most trusted advisors” and a close friend who helped steer the country out of the worst economic crisis in decades. […]
Obama Welcomes UN Chief’s Bid for 2nd Term
Posted June 7th, 2011 at 10:35 am (UTC-5)
U.S. President Barack Obama has welcomed the candidacy of U.N. Secretary-General Ban Ki-moon for a second term heading the world body. In a statement Tuesday, the White House said Mr. Ban has made important reforms and led the U.N. as it played a critical role in crises and challenges around the world — including in […]
Japan’s Mazda to End US production of Mid-Sized Car
Posted June 7th, 2011 at 10:35 am (UTC-5)
Japanese car maker Mazda says it has decided to stop building its mid-sized sedan at a plant in the United States jointly run with the Ford Motor Company. A Mazda spokesman said Tuesday the decision to halt the Detroit production of the Mazda6 model was made after a recent reassessment of the company’s global needs […]
US Welcomes India-Boeing Deal
Posted June 7th, 2011 at 10:00 am (UTC-5)
The United States is welcoming India’s decision to buy military transport aircraft from the U.S. aerospace giant Boeing, saying the deal will create 23,000 American jobs. India’s Cabinet on Monday approved a $4 billion agreement to buy 10 C-17 aircraft from Boeing. U.S. Ambassador to India Timothy Roemer says the sale captures the “mutual benefits” […]
Obama, Merkel to Discuss Economic, Mideast Policy Differences
Posted June 7th, 2011 at 9:50 am (UTC-5)
U.S. President Barack Obama has welcomed German Chancellor Angela Merkel to Washington, where the two leaders are set to discuss their differences over economic policy and the war in Libya. President Obama is honoring Ms. Merkel with all the pomp and ceremony of an official visit, including an elaborate arrival ceremony Tuesday that featured a […]
