The leaders of the G20 countries completed their summit in Seoul, South Korea with an agreement to push for “market-determined” currency exchange rates, to enhance exchange rate flexibility, and to establish a timetable to lay out “indicative guidelines” for global economies to confront trade imbalances by the first half of next year.
The U.S.-South Korea free trade talks broke down as the two sides failed to resolve principal differences over U.S. beef and auto exports to South Korean markets, but Presidents Barack Obama and Lee Myung-bak said they still hoped the deal could be clinched.
Angel Gurria, Secretary- General of the Organization for Economic Cooperation and Development, an organization consulted by the nations of the world, including most of the nations of the G-20, put the very complex matter of what the G-20 is attempting to do at its summit in Seoul this week, in simple and precise terms.
Low voter turnout and allegations of fraud marred the polls in Myanmar. Counting is currently under way as polling booths closed in the late hours of Sunday. Though official figures are yet to be released, media reports suggest that not many people were enthusiastic about the elections. This is for the first time in 20 years that the Burmese people have been allowed to vote.
U.S. President Barack Obama announced 20 new trade deals with India worth about $10 billion, which are likely to create around 53,000 jobs in the United States. Deals ranging from sale of heavy transport and commercial aircraft, to gas and steam turbines have been inked. Obama, who is on a 10-day trip through Asia, presided over a meeting of U.S. and Indian executives in India's financial capital of Mumbai.
President Barack Obama on Saturday urged changes in the U.S. tax code that would allow the government to collect taxes on companies that create foreign jobs.
Health regulators plan to spend millions of dollars to step up their scientific prowess in a move that officials say will help quickly get new treatments to patients and protect the public against possible health threats.
Republicans could keep their promises to stop healthcare reform even if they cannot repeal it, simply by blocking legislation needed to pay for it, one expert argued on Wednesday.
A report from the institute calls for an overhaul in the responsibility and training of nurses and says doing so is key to improving the fragmented and expensive U.S. healthcare system -- President Barack Obama's signature political initiative.
The United States apologized on Friday for an experiment conducted in the 1940s in which U.S. government researchers deliberately infected Guatemalan prison inmates, women and mental patients with syphilis.
The U.S. healthcare reform law will worsen a shortage of physicians as millions of newly insured patients seek care, the Association of American Medical Colleges said on Thursday.
The U.S. Congress on Thursday voted to extend higher loan limits for government-backed mortgages, a move that should help keep borrowing costs low and support the shaky housing sector.
As many as 30 million U.S. homeowners would be able to refinance their mortgage at record low interest rates regardless of their credit situation under a plan unveiled on Tuesday by a Democratic lawmaker.
A U.S. appeals court on Tuesday allowed federal funding for human embryonic stem cell research to continue pending a full appeal, lifting an injunction issued by a federal judge who had said the Obama administration's policy violated the law.
Chrysler Group on Monday fired 13 workers at the same auto plant visited by President Barack Obama this summer, after a local television station report showed some of them drinking on their lunch breaks.
President Barack Obama signed a $30 billion small business lending bill into law on Monday, claiming a victory on economic policy for his fellow Democrats ahead of November congressional elections.
Elizabeth Warren, the Obama administration's new consumer financial protection czar, said on Thursday that banks are showing early receptiveness to her plans for simplifying their disclosures to consumers.
U.S. officials are not discussing renewal of a popular homebuyer tax credit that expired in April, President Barack Obama's top housing adviser said on Wednesday.
President Barack Obama launched a new attempt to convince Americans of the advantages of his healthcare overhaul on Wednesday, just six weeks before an election in which the plan has proved more of a liability than a benefit for his fellow Democrats.
You just have wait till 2015 for a trip into the space, as US aerospace giant Boeing and Space Adventure have tied up to put tourists into low-level orbit in a futuristic capsule.
A majority of Americans prefer cutting the deficit to increasing government spending as a way to improve the tough economy and believe a more balanced budget would help create jobs
Broad public concern about the U.S. budget deficit and big election gains for Republicans on November 2 could boost prospects for agreement on ways to slash spending