Nikkei, a Japanese newspaper, reported last Friday that US President Barack Obama was close to picking ex-Treasury Secretary Lawrence Summers as the new head of the Federal Reserve Board.
Tags: Barack Obama
Ex-World Bank President Zoellick rejoins Goldman Sachs
Former World Bank President Robert Zoellick would rejoin investment bank Goldmans Sachs Group as chairman for its international advisory board, said a Reuters report.
US moves closer to default possibility
The United States of America had moved closer to reaching a first ever default on the nation's debt after House Speaker John Boehner ruled out a straightforward bill to increase the country's borrowing limits without approval from the US President, said The Economic Times report.
Obama expects Congress to raise debt ceiling
Obama, in an interview with the Associated Press, said he expects Congress to reopen government and increase debt ceiling before the October 17 deadline.
US and India ties drifts due to economic differences
The US-India ties were seen to lose its shine over economic differences and was even admitted by India's National Security Adviser.
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European leaders had found a place to breathe their economic struggles in the G20 summit where the region's debt crisis had been on the top agenda.
According to lawyers and analysts, Samsung could not make the arguments on public policy grounds that Apple used to sway the Obama administration.
According to the White House, US President Barack Obama met with tech executives along with transparency advocates to deliberate on the government's surveillance programs.
Apple would be given the upper hand if the International Trade Commission decided to favor the US tech titan.
Samsung lost US$1 billion in market value after the US President Barack Obama vetoed the import ban on Apple's products.
Obama administration's ruling that overturned the global trade decision against Apple promised to upend the battles on patent.
Analysts said that US President Barack Obama's ruling could aid the sales of Apple and could be Samsung's setback.
US President Barack Obama proposed a plan that would satisfy both Democrats and Republicans alike. On Tuesday, US President Barack Obama proposed a plan called the "grand bargain for middle-class jobs".
Apple was seeking US president and trade representative's reprieve regarding the import ban for iPhone 4 and iPad 2 in the US.
