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Oct 12, 2011

S.Korea’s Lee in US to talk trade, N.Korea strategy

WASHINGTON, Oct 12 (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.

Oct 11, 2011

Senate approves China yuan bill, House fate unclear

WASHINGTON (Reuters) – The Senate on Tuesday approved a bill aimed at pushing China to let its yuan currency rise in value in the hope of saving American jobs, sending it to the House of Representatives where its fate is uncertain.

The legislation, which Beijing has warned could spark a trade war, would allow the U.S. government to slap countervailing duties on products from countries found to be subsidizing their exports by undervaluing their currencies.

Oct 5, 2011

White House voices concern on China currency bill

WASHINGTON (Reuters) – The White House on Wednesday voiced concern that legislation the U.S. Senate is expected to approve this week designed to press China to let its currency rise could violate international trade rules.

While reiterating that it shared lawmakers’ desire to ensure that U.S. workers and businesses face a level playing field when competing with China, the White House hardened its criticism of the legislation, which has drawn trade war warnings from Beijing.

Oct 4, 2011

U.S. Senate takes first step on China yuan bill

WASHINGTON, Oct 3 (Reuters) – The U.S. Senate on Monday
took aim at one of China’s core economic policies, voting to
move forward with a bill designed to press Beijing to let its
currency rise in value in the hope of creating U.S. jobs.

Senators voted 79-19 to open a week of Senate debate on the
Currency Exchange Rate Oversight Reform Act of 2011, which
would allow the U.S. government to slap countervailing duties
on products from countries found to be subsidizing their
exports by undervaluing their currencies.

Oct 3, 2011

U.S. Senate aims at China’s yuan with eye on jobs

WASHINGTON, Oct 3 (Reuters) – U.S. lawmakers will take aim
at one of China’s core economic policies on Monday when the
Senate begins debating a bill designed to press Beijing to let
its currency rise in value in the hope of creating U.S. jobs.

A procedural vote late on Monday is expected to open a week
of Senate debate on the Currency Exchange Rate Oversight Reform
Act of 2011, which would allow the U.S. government to slap
countervailing duties on products from countries found to be
subsidizing their exports by undervaluing their currencies.

Sep 16, 2011

U.S. to announce F-16 upgrade for Taiwan: lobby group

WASHINGTON (Reuters) – The Obama administration will tell Congress on Friday it plans to upgrade Taiwan’s existing fleet of F-16 fighter jets, stopping short of selling the island more advanced versions of the warplanes, the head of the U.S.-Taiwan Business Council said.

Council President Rupert Hammond-Chambers, whose group lobbied for the sale of more advanced F-16 planes, said notification of the upgrade was “imminent.” Congressional sources also confirmed that notification was expected soon.

Sep 13, 2011

Senate leader vows push on China currency bill

WASHINGTON (Reuters) – The Senate will try to pass legislation in coming weeks aimed at forcing China to stop holding its currency below market value, Senate Democratic Leader Harry Reid said on Tuesday.

Many U.S. lawmakers and economists say China deliberately undervalues its currency, the yuan, against the dollar to give its companies an unfair price advantage in international trade. China rejects this criticism.

Sep 10, 2011

Evacuees prepare to return after eastern U.S. flooding

, Sept 10 (Reuters) – More than 130,000
evacuees in three states swamped by Tropical Storm Lee prepared
to return home to clean the mess on Saturday as flood waters
began to recede.

The death toll from the storm rose to nine on Saturday,
including people killed in Pennsylvania, Virginia and Maryland.

Sep 9, 2011

Pennsylvania hit by huge flooding, towns submerged

, Sept 9 (Reuters) – The remnants of
Tropical Storm Lee eased their grip on Friday on Pennsylvania
and other eastern U.S. states after causing massive flooding
but some towns remained submerged amid worry that river water
had been turned toxic by swamped sewage processing plants.

At least five people were killed in Pennsylvania and
Virginia and more than 130,000 people were evacuated on
Thursday in Pennsylvania, New York and Maryland.

Sep 9, 2011

Rain eases in flooded Pennsylvania, other US states

, Sept 9 (Reuters) – The remnants of
Tropical Storm Lee eased their grip on Friday on Pennsylvania
and other eastern U.S. states but communities were under up to
8 feet (2.4 meters) of flooding amid warnings that river water
had been turned toxic by swamped sewage processing plants.

At least five people were killed in Pennsylvania and
Virginia and more than 130,000 people were evacuated on
Thursday in Pennsylvania, New York and Maryland.