International Business News - Political News http://www.ibtimes.com/rss/feed/politicalnews.rss All articles are copyrighted by IBTimes.com 120 30 http://www.ibtimes.com/rss/feed/politicalnews.rss http://www.ibtimes.com/images/top_logo_ibt2_3.gif President Barack Obama on Saturday urged Americans to show patience over the economy and argued that his just-concluded Asia trip was critical for U.S. exports, countering criticism he had returned empty-handed. With unemployment at a generation high of 10.2 percent and once-lofty popularity ratings down, Obama said a December White House forum will leave no stone unturned in the hunt for jobs. http://www.ibtimes.com/articles/20091121/obama-asks-americans-patience-on-economy.htm http://www.ibtimes.com/articles/20091121/obama-asks-americans-patience-on-economy.htm Sat, 21 Nov 2009 08:13:30 EST n 2010 the global economy fundamentals will help the dollar to remain strong, said the Fed's chairman, Ben Bernanke, yesterday. http://www.ibtimes.com/articles/20091117/bernankes-comments.htm http://www.ibtimes.com/articles/20091117/bernankes-comments.htm Tue, 17 Nov 2009 11:54:32 EST China on Saturday shrugged off international pressure to appreciate its currency, saying developed countries should focus on the quality of their own economic policy-making. Chinese Finance Minister Xie Xuren, speaking after finance ministers and central bank governors of the Group of 20 nations met in Scotland, said countries with global reserve currencies should work to maintain the currencies' value to avoid destabilising the world economy. http://www.ibtimes.com/articles/20091107/china-presses-developed-world-on-policy-after-g20.htm http://www.ibtimes.com/articles/20091107/china-presses-developed-world-on-policy-after-g20.htm Sat, 07 Nov 2009 20:21:31 EST Venezuelan President Hugo Chavez said on Saturday that countries including Venezuela, Russia and Iran had proposed the U.S. dollar should be replaced as the currency used for the oil trade. http://www.ibtimes.com/articles/20091017/chavez-backs-droppings-dollar-oil-trade.htm http://www.ibtimes.com/articles/20091017/chavez-backs-droppings-dollar-oil-trade.htm Sat, 17 Oct 2009 21:34:30 EDT The Finance Minster commented that the weak recovery in the Japanese economy makes exit strategy premature. http://www.ibtimes.com/articles/20091005/jpy-comments-reflect-policy-uncertainty.htm http://www.ibtimes.com/articles/20091005/jpy-comments-reflect-policy-uncertainty.htm Mon, 05 Oct 2009 09:41:12 EDT Switzerland has agreed to share banking information upon request from France's tax authorities as of January 2010, the French Economy Ministry said in a statement after signing a deal on Thursday. http://www.ibtimes.com/articles/20090827/france-swiss-bankinformation.htm http://www.ibtimes.com/articles/20090827/france-swiss-bankinformation.htm Thu, 27 Aug 2009 13:42:14 EDT A Senate panel Wednesday fired pointed questions at Federal Reserve Chairman Ben Bernanke over the state of the economy. http://www.ibtimes.com/articles/20090722/senators-grill-bernanke-over-economic-conditions.htm http://www.ibtimes.com/articles/20090722/senators-grill-bernanke-over-economic-conditions.htm Wed, 22 Jul 2009 11:52:00 EDT Chinese President Hu Jintao Monday urged business leaders in China and Italy to join hands to tackle the challenges posed by the global financial crisis to the trade and economic cooperation between the two countries, reports say. http://www.ibtimes.com/articles/20090707/hu-calls-for-joint-efforts-to-tackle-financial-crisis.htm http://www.ibtimes.com/articles/20090707/hu-calls-for-joint-efforts-to-tackle-financial-crisis.htm Tue, 07 Jul 2009 02:19:00 EDT Corrects vice-minister's name in paragraph eight http://www.ibtimes.com/articles/20090703/corrected-major-nations-should-back-dollar-as-key-currency.htm http://www.ibtimes.com/data/articleimgs/216185-u100-dollar-bills-are-piled-up-after.jpg http://www.ibtimes.com/articles/20090703/corrected-major-nations-should-back-dollar-as-key-currency.htm http://www.ibtimes.com/articles/20090703/corrected-major-nations-should-back-dollar-as-key-currency.htm Fri, 03 Jul 2009 10:24:04 EDT The goal of the Obama administration is to exit its involvement in private companies as soon as possible, White House National Economic Council Director Larry Summers said Friday. http://www.ibtimes.com/articles/20090612/summers-interventions-done-out-of-necessity.htm http://www.ibtimes.com/articles/20090612/summers-interventions-done-out-of-necessity.htm Fri, 12 Jun 2009 12:51:00 EDT The House Oversight and Government Reform Committee Tuesday said they've subpoenaed the Federal Reserve for documents, including e-mails to and from Fed Chairman Ben Bernanke, to explore the genesis of Bank of America's December purchase of the flailing Merrill Lynch & Co after the panel was unable to obtain them through a request last week. http://www.ibtimes.com/articles/20090610/lawmakers-subpoena-fed-for-boa-merrill-lynch-documents.htm http://www.ibtimes.com/articles/20090610/lawmakers-subpoena-fed-for-boa-merrill-lynch-documents.htm Wed, 10 Jun 2009 02:39:00 EDT The Chairwoman of a panel set up by Congress to oversee the Treasury Department's financial system rescue program called Tuesday for additional measures to ensure that taxpayers get a "fair deal" as financial institutions pay back federal funds. http://www.ibtimes.com/articles/20090609/oversight-panel-pledges-fair-deal-for-taxpayers-as-banks-repay-tarp-funds.htm http://www.ibtimes.com/articles/20090609/oversight-panel-pledges-fair-deal-for-taxpayers-as-banks-repay-tarp-funds.htm Tue, 09 Jun 2009 12:09:00 EDT The Congressional Oversight Panel issued a report Tuesday offering its approval of the stress tests and suggesting that continuing the tests might be warranted as long as banks continue to need additional capital and the economy continues to struggle. However, they also advised against overuse of or too much reliance on the tests. http://www.ibtimes.com/articles/20090609/congressional-oversight-panel-recommends-additional-stress-tests.htm http://www.ibtimes.com/articles/20090609/congressional-oversight-panel-recommends-additional-stress-tests.htm Tue, 09 Jun 2009 09:28:00 EDT President Barack Obama's nominee to head the $700 billion Troubled Asset Relief Program, or TARP, told lawmakers Thursday that it is important to save some of the funds for potential emergencies. http://www.ibtimes.com/articles/20090604/tarp-nominee-allison-suggests-saving-funds-until-full-recovery-underway.htm http://www.ibtimes.com/articles/20090604/tarp-nominee-allison-suggests-saving-funds-until-full-recovery-underway.htm Thu, 04 Jun 2009 15:25:00 EDT In the wake of a "wrenching" year for investors, U.S. Securities and Exchange Commission Chairman Mary Schapiro updated the Senate Appropriations Committee subcommittee on financial services and general government on progress made in the first five months of 2009, and what still needs to be done to shore up the embattled regulator. http://www.ibtimes.com/articles/20090602/secs-schapiro-agency-working-to-boost-investor-confidence.htm http://www.ibtimes.com/articles/20090602/secs-schapiro-agency-working-to-boost-investor-confidence.htm Tue, 02 Jun 2009 10:32:00 EDT Former GMAC financial services chairman J. Ezra Merkin, has agreed to give up control of his investment funds after his link to the Bernard Madoff scandal placed him in the spotlight. Merkin's ties to the man who perpetrated a $65 billion Ponzi scheme have placed him in hot water with New York State Attorney General Andrew Cuomo. http://www.ibtimes.com/articles/20090519/madoff-investor-merkin-leaves-investment-fund.htm http://www.ibtimes.com/articles/20090519/madoff-investor-merkin-leaves-investment-fund.htm Tue, 19 May 2009 16:18:00 EDT Regulation of the insurance industry in the wake of the near collapse of American International Group, Inc. was the focus of lawmakers Thursday. The debate centered on whether or not more regulation is needed, or rather if existing regulation needs to be better enforced. http://www.ibtimes.com/articles/20090514/lawmakers-examine-systemic-regulator-for-insurance-industry.htm http://www.ibtimes.com/articles/20090514/lawmakers-examine-systemic-regulator-for-insurance-industry.htm Thu, 14 May 2009 12:00:00 EDT A bill to expand the Federal Deposit Insurance Corporation's credit line and protect mortgage issuers from lawsuits won overwhelming approval in the U.S. Senate on Wednesday. http://www.ibtimes.com/articles/20090506/senate-approves-expanded-fdic-insurance-fund.htm http://www.ibtimes.com/articles/20090506/senate-approves-expanded-fdic-insurance-fund.htm Wed, 06 May 2009 16:52:00 EDT President Barack Obama Monday sought the Congress' backing for a proposed USD100 billion U.S. loan for the expansion of an International Monetary Fund emergency fund by USD 500 billion, reports say. http://www.ibtimes.com/articles/20090420/obama-asks-congress-for-usd100-bn-imf-boost.htm http://www.ibtimes.com/articles/20090420/obama-asks-congress-for-usd100-bn-imf-boost.htm Mon, 20 Apr 2009 23:33:00 EDT The White House announced Monday that Vice President Joe Biden will travel to Missouri this week to highlight the progress of the Recovery Act and hold the next Middle Class Task Force meeting. http://www.ibtimes.com/articles/20090413/vice-president-biden-to-travel-to-missouri-to-hold-middle-class-task-force-meeting.htm http://www.ibtimes.com/articles/20090413/vice-president-biden-to-travel-to-missouri-to-hold-middle-class-task-force-meeting.htm Mon, 13 Apr 2009 16:22:00 EDT