Sanctions Are Eased; Iran Sees Little Relief

Halfway through a six-month nuclear deal between Iran and major world powers that was meant to allow time to reach a comprehensive agreement, the Iranians have seen little in the way of a boost from the sanctions relief they had been expecting, trade lawyers and diplomatic analysts say.

G20 urges US to ratify IMF reforms by year-end

The G20 pressed the United States on Friday to ratify crucial IMF reforms after four years of waiting, suggesting they would find an alternative if Washington does not deliver by year's end.

US boosts maritime security aid to Vietnam

HANOI, Vietnam (AP) — The United States will boost maritime security assistance to China's smaller neighbors amid rising tensions over disputed territories in the South China Sea, U.S. Secretary of State John Kerry announced on Monday during a visit to Vietnam, where he also pressed the communist government on human rights and democratic and economic reforms.

US cracks down on companies evading Iran sanctions

WASHINGTON: The Obama administration is targeting several companies and individuals for evading international sanctions against Iran and for providing support for Iran's nuclear program.

U.S., Urging Worker Safety, Outlines Steps for Bangladesh to Regain Its Trade Privileges

The Obama administration publicly recommended on Friday a series of steps that the Bangladesh government should take to have its trade privileges with the United States restored.

Barack Obama suggested to help Nawaz Sharif on economy and ties with India

WASHINGTON: The Obama Administration needs to come out with innovative steps to help Nawaz Sharif, the new Prime Minister of Pakistan in his endeavor to improve relationship with India and fix the country's fragile economy.

EU exit would put US trade deal at risk, Britain warned

The Obama administration has warned British officials that if the UK leaves Europe it will exclude itself from a US-EU trade and investment partnership potentially worth hundreds of billions of pounds a year, and that it was very unlikely that Washington would make a separate deal with Britain.

Billionaire Warren Buffet optimistic on US stocks

WASHINGTON: Billionaire Warren Buffett said the US economy is moving in the right direction and praised the policies of both President Barack Obama and his predecessor George W. Bush, in an interview that aired Sunday.

Obama admin sets in motion a global round of trade talks

WASHINGTON: Faced with sluggish jobs growth and failure of the Doha round, the Obama Administration has set in motion an ambitious global round of trade talks covering Europe and much of Asia, which is bound to influence countries like China, India and Brazil, say a media report.

Ugly Choices Loom Over Debt Clash

The showdown over the nation's debt ceiling could force the government to consider drastic steps to manage its limited cash, including delaying trillions of dollars of payments to employees, Social Security recipients, contractors and others.

Clinton Digs at China From Neighboring Mongolia

ULAN BATOR, Mongolia — _In an unmistakable message to China delivered in a speech from this neighboring country, Secretary of State Hillary Rodham Clinton said Monday that economic success without meaningful political reform was an unsustainable equation that would ultimately lead to instability.

U.S., China Find Path on Iran

BEIJING—A steep drop-off in China's crude-oil imports from Iran earlier this year, which companies involved blamed on a contract dispute, has provided a face-saving way for Beijing to appease the U.S. even as it officially maintains opposition to U.S. sanctions against Tehran, analysts said.

US says China not seeking trade edge with weak yuan

WASHINGTON: The United States ruled on Friday that China was not manipulating its currency to gain an unfair trade advantage but it called the yuan "significantly undervalued" and vowed to press the Asian power for currency reforms.

World Bank chief says U.S. should lead some global bodies

SINGAPORE (Reuters) - A solid U.S. candidate to head the World Bank would be good for the United States and the bank because the world's largest economy should be represented in top international bodies, outgoing President Robert Zoellick said on Saturday, while emphasizing he has no role in the selection process.

Global clearinghouse ready to evict Iranian banks

BRUSSELS (AP) — A financial clearinghouse used by virtually every country and major corporation in the world agreed Friday to shut out Iran from its respected network, an unprecedented escalation of global economic pressure to halt Iran's suspected drive for nuclear weapons.