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Nov 4, 2012

South Korea Q4 rebound likely modest, “Nike-shaped”- Bahk

MEXICO CITY (Reuters) – South Korea will not hit its 2012 GDP target of 3.3 percent growth after three slow quarters, but expects recent stimulus measures to drive a modest rebound in the fourth quarter, Finance Minister Bahk Jae-wan said on Sunday.

“We expect a modest rebound in the fourth quarter, but the rebound will not be V-shaped,” Bakh told Reuters in an interview on the sidelines of meeting of G20 ministers and central bankers in the Mexican capital.

Nov 4, 2012

Factbox: Obama and Romney on foreign policy

By Paul Eckert

(Reuters) – In a campaign that has focused on the U.S. economy, Democratic President Barack Obama and Republican challenger Mitt Romney have devoted less attention to world affairs. Even their October 22 debate, which was meant to focus on foreign policy, often veered back to the domestic economy.

Following are the candidates’ broad policies on key foreign policy challenges and global trouble spots ahead of Tuesday’s election.

Oct 23, 2012

US candidates pass over tough China questions in final debate

WASHINGTON, Oct 23 (Reuters) – President Barack Obama and
Republican challenger Mitt Romney vowed on Monday to get tough
on China’s trade policies, but they mostly used the Asian giant
as a foil to air competing domestic economic programs in their
final debate before the Nov. 6 election.

In a showdown that was supposed to be limited to foreign
policy, both men focused on the economic aspects of the complex
U.S.-China relationship, touching only briefly on the security
challenge that fast-rising China poses to a U.S.-led alliance
system in Asia.

Sep 28, 2012

U.S. call for “cool heads” in China-Japan island dispute goes unheeded

NEW YORK (Reuters) – U.S. Secretary of State Hillary Clinton urged China and Japan on Thursday to let “cool heads” prevail in a festering dispute over a cluster of East China Sea islands, but hours later Chinese and Japanese diplomats traded barbs at the United Nations.

Clinton met Chinese Foreign Minister Yang Jiechi on the sidelines of this week’s U.N. General Assembly meeting in New York and said it was important to ratchet down the quarrel over the islands that has soured ties between Asia’s two largest economies, a senior State Department official said.

Sep 28, 2012

U.S. call for “cool heads” in China-Japan island dispute goes unheeded

NEW YORK (Reuters) – U.S. Secretary of State Hillary Clinton urged China and Japan on Thursday to let “cool heads” prevail in a festering dispute over a cluster of East China Sea islands, but hours later Chinese and Japanese diplomats traded barbs at the United Nations.

Clinton met Chinese Foreign Minister Yang Jiechi on the sidelines of this week’s U.N. General Assembly meeting in New York and said it was important to ratchet down the quarrel over the islands that has soured ties between Asia’s two largest economies, a senior State Department official said.

Sep 18, 2012

Suu Kyi, in US visit, says Myanmar reforms “first hurdle”

WASHINGTON, Sept 18 (Reuters) – Myanmar opposition leader
Aung San Suu Kyi warned on Tuesday that reforms in her country
had cleared only the “first hurdle” and said she supported an
easing of U.S. sanctions.

The Nobel laureate said American economic sanctions were a
useful tool for putting pressure on Myanmar’s military
government, but now the people need to consolidate democracy on
their own.

Sep 18, 2012

Myanmar democracy icon Suu Kyi begins key U.S. tour

WASHINGTON (Reuters) – Myanmar opposition leader Aung San Suu Kyi opened a two-week tour of the United States on Tuesday with talks with Secretary of State Hillary Clinton in the latest step of a rapid normalization of U.S. ties with the former pariah state.

Suu Kyi, who won the 1991 Nobel Peace Prize for championing democracy in opposition to a ruthless military junta that held her under house arrest for years, will be feted by the U.S. Congress, human rights groups and Washington think tanks.

Aug 1, 2012

Japan recovers but faces risks from debt, Europe, China – IMF

WASHINGTON, Aug 1 (Reuters) – Japan’s economy is recovering
this year on reconstruction from the 2011 tsunami disaster and
is likely to grow by 2.5 percent, but faces downside risk from
Europe’s troubles and slower growth in China, the International
Monetary Fund said on Wednesday.

The IMF, in a report on annual consultations with Tokyo,
urged Japan to enact a broad package of structural reforms to
tackle high public debt of more than 125 percent of GDP, a
rapidly aging population, low growth and persistent deflation.

Jun 19, 2012

G20 backs Europe’s plans for overhaul to fight crisis

LOS CABOS, Mexico (Reuters) – Europe won support from world leaders on Tuesday for an ambitious but slow-moving overhaul of the euro zone, even as pressure built in financial markets for quicker solutions to its debt crisis that threatens the world economy.

European countries showed at a Group of 20 summit they were considering concrete steps to integrate their banking sectors, a major reform long sought by the United States and other nations to break the cycle of highly indebted countries trying to rescue banks, which only pushes governments ever deeper into debt.

Jun 19, 2012

China rounds off push for bigger IMF war chest

LOS CABOS, Mexico (Reuters) – China on Monday offered $43 billion to the IMF’s crisis-fighting reserves, rounding off a global push to nearly double the Fund’s war chest to $456 billion to help protect countries from fallout from the euro zone debt crisis.

China’s contribution was part of a pledge by Group of 20 countries made in April to supply the International Monetary Fund with extra firepower.