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World leaders back Greece, vow to combat financial turmoil
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May 20, 2012 09:12 AM
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CAMP DAVID: World leaders backed keeping Greece in the euro zone on Saturday and vowed to take all steps necessary to combat financial turmoil while revitalizing a global economy increasingly threatened by Europe's debt crisis. A summit of the G8 leading industrialized nations came down...
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Europe's economic woes dominate G8 gathering
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May 19, 2012 09:57 PM
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CAMP DAVID: U.S. President Barack Obama pledged at a Group of Eight summit on Saturday to work with Europe to balance growth with debt reduction as world leaders try to prevent the worsening euro zone crisis from destabilizing the global economy. At the wooded Camp David presidential retreat in...
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Obama, Hollande to press euro crisis remedies at G8
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May 18, 2012 10:29 AM
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WASHINGTON: U.S. President Barack Obama will seek to cement a bond with France's new leader at the White House on Friday before heading to Camp David for a G8 summit where he is set to press Europe to do more to fix the region's deepening economic crisis. Francois Hollande, sworn in this...
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Obama: Enough world oil to cut Iran imports
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March 31, 2012 02:07 AM
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WASHINGTON/BURLINGTON, Vermont: U.S. President Barack Obama said Friday he has determined there is enough oil in the world market to allow countries to cut imports from Iran, allowing Washington to begin sanctioning countries that continue to buy Iranian oil. In his decision, required by a...
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White House calls for restraint in Sudan, South Sudan clash
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March 27, 2012 09:37 PM
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WASHINGTON: The United States is concerned about fighting along the border of Sudan and South Sudan and calls for both sides to exercise great restraint, the White House said on Tuesday. Sudan's army has been fighting South Sudan's armed forces for a second day on the Sudanese side of...
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Romney to right tax "mistake" after primary loss
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January 23, 2012 08:49 AM
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COLUMBIA, South Carolina: Humbled by a stunning loss in South Carolina, Mitt Romney said on Sunday he would release this week the tax returns demanded by rivals as he bids to regain the upper hand in the volatile Republican presidential race. Romney, the longtime front-runner in the Republican...
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Obama says US will be loyal partner for Iraq
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December 12, 2011 09:53 PM
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WASHINGTON: President Barack Obama on Monday pledged that Washington would remain a strong partner for Iraq as U.S. troops exit by year-end, and played down the risk this departure creates a power vacuum Iran can exploit. The withdrawal of almost all U.S. troops from Iraq by Dec. 31 has created...
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China, U.S. have no interest in stoking diplomatic brawls at present
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August 23, 2011 01:27 AM
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BEIJING/CHENGDU, China: During U.S. Vice President Joe Biden’s visit to China, Beijing and Washington confined their brawling to the basketball court, and for now economic and political needs should keep tensions in the diplomatic arena from spiraling into fully fledged feuds. With some two...
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Biden’s visit seeks to reassure the Chinese on U.S. debt
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August 20, 2011 01:54 AM
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BEIJING: U.S. Vice President Joe Biden Friday said China had “nothing to worry about” concerning the safety of its vast holdings of Treasury debt, while China’s Premier Wen Jiabao gave a ringing endorsement of the resilience of the debt-ridden U.S. economy. The exchange came on...
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Biden tells China cooperation essential to boosting global economy
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August 19, 2011 01:47 AM
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BEIJING: China and the United States share a responsibility for boosting global market confidence, Chinese Vice President Xi Jinping told visiting U.S. Vice President Joe Biden in talks Thursday that focused on shoring up trust between the two big powers. Xi (pronounced “Shee”),...
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Downgrade fears remain after U.S. averts default
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August 03, 2011 12:59 AM
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WASHINGTON: Congress buried the specter of a U.S. debt default by finally passing a deficit-cutting package on Tuesday, but uncertainties lingered over a possible painful downgrade of the top-notch American credit rating. President Barack Obama welcomed as “an important first step” the...
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Michelle Obama visits Nelson Mandela at home
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June 22, 2011 01:44 AM
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JOHANNESBURG: U.S. First Lady Michelle Obama paid a visit to former South African President Nelson Mandela Tuesday, kicking off her own symbolic trip to Africa by meeting one of the continent’s most revered leaders. Obama, accompanied by her mother, two daughters, niece and nephew, visited...
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Saudi Arabia, U.S. debated oil reserve swap
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June 16, 2011 02:24 AM
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WASHINGTON/LONDON: It was to be a swap felt around the world – a plan privately discussed by the world’s largest oil exporter and the biggest consumer to take the heat out of $120-plus oil prices. In the weeks leading up to the failed June OPEC meeting, U.S. and Saudi officials met to...
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Obama in Ireland to explore family roots
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May 23, 2011 12:30 PM
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DUBLIN: U.S. President Barack Obama opened a four-nation tour of Europe Monday in Ireland where he will explore his Irish roots in a town that was home to his great-great-great grandfather. Obama and his wife Michelle landed in Dublin, first stop on a week-long trip that will include visits to...
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