BARACK OBAMA

IBTimes Logo

U.S. Big Steel pushes for carbon fees on China

China's steel industry should face fees on its exports into the United States if Washington adopts greenhouse gas cuts and Beijing does not, U.S. steel industry officials and advocates said.

Japan election may bring tougher climate policies

IBTimes Logo
Japan will adopt greener climate policies if the opposition, ahead in voter polls, wins an election this year and sticks to promises for greater use of renewable energy and bold cuts in greenhouse gas emissions.
IBTimes Logo

Geithner to map U.S. financial regulation reform

U.S. Treasury Secretary Timothy Geithner will face tough questions from lawmakers on Tuesday as he spells out the basics of the Obama administration's plans to reshape financial regulation at a high-profile congressional hearing.
More news
IBTimes Logo

Oil up above $52, dollar and equities support

Oil rose above $52 a barrel on Monday, supported by a weak dollar and rising stock markets after the United States gave details on its plan to remove toxic assets from bank balance sheets.
IBTimes Logo

U.S. wants Afghanistan 'exit strategy'

The United States met NATO allies on Monday to outline its policy review for Afghanistan after President Barack Obama said it would contain an exit strategy and greater emphasis on economic development.
IBTimes Logo

Systemic risk still a problem? Obama says ‘Yes’

President Barack Obama said he believes systemic risks are still to be found in the financial system as he discussed an upcoming plan to be issued by his administration to take “toxic assets” off the balance sheets of financial companies in an interview.
IBTimes Logo

Citi’s Pandit warns of 'setback' if bonus tax passes

Citigroup’s chief executive tried to reassure employees about compensation a day after House legislators passed a bill to claw back bonuses for employees earning more than $250,000 at companies which received more than $5 billion in bailout funds.
IBTimes Logo

Rattner says GM, Chrysler may need more aid

Government aid requests from General Motors Corp and Chrysler may rise considerably, a top adviser to President Barack Obama's auto task force said in a Bloomberg Television interview.
IBTimes Logo

U.N. says fears of unfair Afghan poll well-founded

Opposition fears of an unfair election in Afghanistan this year are well-founded, and a rigged poll would fuel political instability and undermine support for democracy, a top U.N. envoy has warned.
IBTimes Logo

Obama offers new start with Iran

President Barack Obama issued an unprecedented videotaped appeal to Iran on Friday offering a new beginning of diplomatic engagement to turn the page on decades of U.S. policy toward America's longtime foe.
IBTimes Logo

House passes tax to recoup most of AIG bonuses

The U.S. House of Representatives swiftly passed a bill on Thursday to recoup controversial bonuses paid to American International Group Inc as Treasury Secretary Timothy Geithner tried to calm the furor by taking responsibility.
IBTimes Logo

Obama grappling with AIG bonus fallout

President Barack Obama is grappling with the AIG bonus furor by both accepting responsibility for the government's failure to head off the payments and blaming it on the big mess he inherited.
IBTimes Logo

EDF wind arm sees M&A bonanza in crisis

The global financial crisis should offer EDF Energies Nouvelles opportunities to acquire assets on favourable terms, the head of the French wind and solar power company said in an interview with Reuters.
IBTimes Logo

Pentagon in intense review of Europe missile shield

A plan to expand a controversial U.S. ballistic-missile shield into Eastern Europe is being scrutinized as part of a 2010 budget request to be sent to Congress next month, the Pentagon's chief financial officer told Congress on Wednesday.
IBTimes Logo

AIG CEO asks employees to repay some bonus money

The head of AIG said on Wednesday he was trying desperately to prevent the company from collapsing when he allowed the payment of $165 million in bonuses that have stoked widespread public outrage.
IBTimes Logo

AIG CEO defends bonuses; Obama says anger justified

The head of AIG said on Wednesday the cold realities of competition compelled the insurer to pay $165 million in bonuses, but angry lawmakers insisted the money belonged to taxpayers and vowed to get it back.
IBTimes Logo

AIG CEO defends bonuses as public fury mounts

The head of AIG said on Wednesday the cold realities of competition compelled the insurer to pay $165 million in bonuses, and acknowledged that bailout-weary Americans' patience was running thin.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.