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Nov 11, 2011

Asia-Pacific ministers press Europe to act fast

HONOLULU, Nov 10 (Reuters) – Asia Pacific countries pressed
Europe on Thursday to act more forcefully to quell its debt
crisis, setting the tone for a summit overshadowed by growing
alarm over the fallout from euro-zone upheaval.

U.S. Treasury Secretary Timothy Geithner and other APEC
finance ministers agreed to shore up their own economies
against Europe’s troubles, warning in a statement of
“heightened downside risks to the global economy.”

Nov 11, 2011

Clinton declares “America’s Pacific century”

HONOLULU (Reuters) – With the United States facing a multipronged challenge from China, Secretary of State Hillary Clinton declared on Thursday that the 21st century will be “America’s Pacific century” and said the region’s problems require U.S. leadership.

While stressing that the Obama administration will seek improved ties with China, Clinton used a speech ahead of an Asia-Pacific summit here to dissuade Beijing and others from thinking the United States is ceding its traditional role in the Pacific.

Nov 11, 2011

U.S., hosting Asia-Pacific talks, presses Europe

HONOLULU (Reuters) – Treasury Secretary Timothy Geithner pressed Europe on Thursday to act more forcefully to quell its debt crisis, setting the stage for an Asia-Pacific summit overshadowed by euro-zone upheaval.

Speaking ahead of a weekend gathering of Pacific rim leaders, Geithner said he and other APEC finance ministers agreed to bolster their own economies to protect against fallout from Europe’s troubles and also to work to rebalance growth.

Nov 10, 2011

Near Pacific summit site, reminder of U.S. security role

HONOLULU (Reuters) – The wealthy nations attending the Asia-Pacific Economic Cooperation summit in Hawaii may fight over trade, but they’ve avoided serious armed conflict for decades, and the U.S. Pacific Command aims to keep it that way, even as it copes with budget pressures and a surging China.

The regional prosperity that APEC leaders will celebrate and vow to nurture this weekend in President Barack Obama’s native Honolulu owes much to heavy lifting by American military personnel patrolling the vast Pacific Ocean and directed from Hawaii.

Nov 1, 2011

Obama to shift spotlight to Asia at Hawaii summit

WASHINGTON, Nov 1 (Reuters) – President Barack Obama, whose
foreign policy agenda has been dominated by Middle East
upheaval and European debt this year, will try to shift the
spotlight to Asia this month to make good on his promise to
deepen U.S. ties in the region.

East Asia, with its economic dynamism and challenge from
China, has been a priority for Obama and Secretary of State
Hillary Clinton from their first days in office. But often
their time and media attention have been usurped by conflict in
Afghanistan, Libya, Iraq and elsewhere.

Oct 26, 2011

US study tracks huge state role in China economy

WASHINGTON, Oct 26 (Reuters) – China’s state-guided
capitalism guarantees state sector dominance of the country’s
economy — a recipe for further friction with key trade
partners, said a U.S. research report published on Wednesday.

The study conducted for the U.S.-China Economic and
Security Review Commission by the Washington consulting firm
Capital Trade Inc says firms under various forms of Chinese
state ownership control 50 percent of China’s economy — with
huge impact on economic policy and trade outcomes.

Oct 23, 2011

Optimism in check as U.S., North Korea set to talk

WASHINGTON (Reuters) – Two days of U.S.-North Korea talks opening on Monday in Geneva are aimed more at managing tensions on the tense Korean peninsula than resuming regional talks on ending the North’s nuclear programs.

U.S. officials and analysts were keeping expectations low this week, despite a recent slight easing of American ally South Korea’s tensions with North Korea and Pyongyang’s repeated calls for resuming nuclear talks.

Oct 14, 2011

U.S. delays China currency report; lawmakers push bill

WASHINGTON (Reuters) – The Treasury Department said on Friday it would delay until later this year a ruling on whether China is manipulating its currency as Democratic Party lawmakers tried to overcome Republican opposition to a bill that would punish Beijing for its currency policies.

The decision to delay the sixth semiannual report to Congress under the Obama administration, which was due on Saturday, came days after the Senate approved legislation that aims to pressure Beijing to let its yuan rise in value faster.

Oct 12, 2011

S.Korea’s Lee touts US trade pact as good for world

WASHINGTON, Oct 12 (Reuters) – South Korean President Lee
Myung-bak on Wednesday held up his country’s pending free trade
deal with the United States as the best answer to the global
economic crisis and a boon to Koreans and Americans.

Lee is in Washington this week for a state visit with
President Barack Obama aimed at consummating the trade pact
that was signed in 2007 but has languished in both countries’
legislatures until recently.

Oct 12, 2011

South Korea’s Lee in U.S. to talk trade, North Korea strategy

WASHINGTON (Reuters) – South Korean President Lee Myung-bak is in Washington this week for a visit aimed at consummating a hard-fought free trade deal with the United States and deterring fresh provocations from North Korea.

Lee has proved to be a reliable and enthusiastic U.S. ally, lining up with Washington on North Korea, Afghanistan and anti-piracy efforts in Somalia and hosting a G-20 summit aimed at stabilizing the world economy.