A jump in imports of consumer goods and other products widened the U.S. trade gap in February to $39.7 billion, but the closely watched bilateral deficit with China was its lowest in nearly a year, a government report showed on Tuesday.
A jump in imports of consumer goods and other products widened the U.S. trade gap in February to $39.7 billion, but the closely watched bilateral deficit with China was its lowest in nearly a year, a government report showed on Tuesday.
BEIJING, April 13 (Reuters) - Chinese President Hu Jintao told U.S. President Barack Obama that Beijing would firmly stick to its own path for reforming the yuan's exchange rate, focusing on China's economic and social development needs.
The Obama administration vowed on Monday to push for even tougher financial regulation reform, as legislation heads for the Senate floor as soon as next week.
U.S. exports to Arab countries in the Middle East and North Africa are forecast to grow almost 20 percent this year to a record $75 billion, fueled by big infrastructure projects and resurgent consumer demand, according to a new private sector report.
British election officials will for the first time use Facebook to encourage more people to register to vote on May 6 after turnout fell to historic lows in the last two ballots, a watchdog said on Friday.
A top Federal Communications Commission official acknowledged on Wednesday that the Obama administration's ambitious plan to expand broadband access could be impacted by a court ruling that limited the agency's authority to regulate operations of network providers.
A top U.S. trade official said on Wednesday he will raise industry concerns about China's indigenous innovation policies that threaten U.S. intellectual property rights when he visits Beijing next week. What we're trying to do with the Chinese is address the very serious concerns that have been raised, Deputy U.S. Trade Representative Demetrios Marantis said in remarks to the Washington International Trade Association.
China will ultimately decide more yuan flexibility would benefit it, Treasury Secretary Timothy Geithner said on Tuesday as Beijing defended its currency policy and said any changes would be on its own terms.
(Reuters) - President Barack Obama on Thursday touted the immediate benefits small businesses will receive from his healthcare reforms, in his second speech this week promoting the sweeping plan to a skeptical public.
The United States on Monday reiterated its call for China's currency to be market-based, as lawmakers warned they would act if there was no movement from China on revaluing the yuan.
The United States on Monday reiterated its call for China's currency to be market-based, as lawmakers warned they would act if there was no movement from China on revaluing the yuan.
The United States on Monday reiterated its call for China's currency to be market-based, as lawmakers warned they would act if there was no movement from China on revaluing the yuan. The president has spoken repeatedly and recently that China's currency must be market-based, White House spokesman Robert Gibbs told reporters.
With China on holiday there was no official response from Beijing to a weekend announcement that U.S. Treasury Secretary Timothy Geithner would postpone a report due out...
The United States on Monday reiterated its call for China's currency to be market-based, as lawmakers warned they would act if there was no movement from China on revaluing the yuan.
A Chinese government economist said on Monday that the U.S. decision to delay a contentious currency report did not mean Beijing will change the value of its currency any time soon.
A Chinese central bank adviser said Beijing could ease pressure over the yuan by buying more from recession-hit U.S. states, but China had no official reaction on Monday to the Obama administration's delay of a contentious currency report.
The Obama administration expects U.S. job creation to quicken but economic recovery has a long way to go despite improved trends, White House officials said on Sunday.
The Obama administration expects job creation to accelerate and Congress to approve financial reform legislation, White House economic adviser Lawrence Summers said on Sunday.
U.S. Treasury Secretary Timothy Geithner said on Saturday he was delaying an April 15 report on whether China manipulates its currency but pledged to press for a more flexible Chinese currency policy.
The U.S. economy is on the path to achieving self-sustaining growth, although the jobs outlook remains uncertain, White House economic adviser Larry Summers said in a newspaper interview to be published on Saturday.
Treasury Secretary Timothy Geithner said on Friday the Obama administration wants to maximize the chances that China will quickly lift the value of its yuan currency and expressed confidence Beijing would decide doing so was in its interest.
President Barack Obama hailed new signs of an improving U.S. labor market on Friday as proof that we are beginning to turn the corner but warned it would still take time to achieve sustained job growth.
