Topic: East Asia

Obama willing to work on China legislation: Treasury

WASHINGTON (Reuters) - The Obama administration is willing to work with Congress on a bill to address China currency and trade concerns but believes some provisions of pending legislation would violate international trade rules, a top U.S. Treasury official said on Tuesday."Aspects ...

House Democrats push for vote on China forex bill

WASHINGTON (Reuters) - Democratic lawmakers on Friday vowed to keep pressing for a vote in the House of Representatives on China currency legislation now blocked by Republican leaders."I urge the Republican leadership to put the currency bill on the floor," a top ...

Senate rejects bid to force F-16 sale to Taiwan

WASHINGTON (Reuters) - The U.S. Senate on Thursday rejected a bid to require President Barack Obama to sell 66 new F-16 fighter jets to Taiwan in addition to a $5.3 billion upgrade of its existing fleet he just approved.Senator John Cornyn, a ...

US Senate defeats expanding Obama trade powers

The US Senate on Tuesday rejected a Republican push to expand President Barack Obama's powers to negotiate trade deals, amid a broader fight over accords with Colombia, Panama, and South Korea.With those three deals edging towards approval in the divided US Congress, ...

Asian markets soar on US debt deal

Asian stock markets surged on Monday after US President Barack Obama said lawmakers had reached a last-minute deal that would raise the country's debt ceiling and avoid a catastrophic default.Tokyo closed 1.34 percent, or 131.98 points, higher at 9,965.01 and Seoul gained ...

US Senate confirms Locke as China ambassador

US Commerce Secretary Gary Locke won unanimous Senate confirmation Wednesday as ambassador to Beijing, becoming the first Chinese American to hold the prestigious and difficult diplomatic post.Locke, whose grandfather came from China to the United States on a steamboat, promised during his ...

Republican senator presses Obama on trade deals

WASHINGTON (Reuters) - Senator Rob Portman on Wednesday urged President Barack Obama to quickly send three long-delayed free-trade pacts to Congress for approval, rather than wait until after the August congressional recess.Portman, a former U.S. trade representative under President George W. Bush, ...

Locke vows to raise rights concerns with China

Gary Locke, the nominee to be the next US ambassador to China, promised Thursday he would be a forceful advocate for human rights while seeking broad cooperation with Beijing.Locke, the commerce secretary who would be the first Chinese-American ambassador to Beijing, told ...

Republicans attack Trump as he mulls 2012 run

WASHINGTON (Reuters) - Leading Republicans are mounting an attack on real estate tycoon Donald Trump, worried that his flirtation with a 2012 presidential run hurts their chances to field a serious challenge to Barack Obama.Many Republican officials doubt the billionaire and celebrity ...

Lawmakers clash over timing of trade deal votes

WASHINGTON (Reuters) - U.S. congressional Republicans on Thursday renewed pressure on President Barack Obama to quickly submit free trade deals with South Korea, Colombia and Panama to Congress for action by July 1.But Democrats accused Republicans of delaying a vote on the ...
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