FT.com / In depth - US shifts G20 currency focus to trade deficits

USFK announces security measures, restrictions ahead of G-20
SEOUL — U.S. Forces Korea personnel are banned from going within a 600-meter radius of the COEX mall and convention center complex Wednesday through Friday, one of several security measures affecting the Military community during the upcoming G-20 summit, U.S. Army Garrison-Yongsan officials said Friday. The economic summit will be attended by 32 heads of State and more than 10,000 participants. Protests at previous G-20 meetings have become violent, and delays are expected on all forms of...

Obama arrives in India at start of Asia trip
MUMBAI, India (AP) - President Barack Obama has arrived in Mumbai, India, to begin a 10-day trip that will also take him to Indonesia, South Korea and Japan. The president and his wife, Michelle, arrived at midday local time Saturday after traveling more than 15 hours on Air Force One. The president's first stop in Mumbai will be at a memorial for Victims of the 2008 terror Attacks that killed 166 people in this booming financial center. He then visits a museum in a home where Gandhi once live...

President Obama Talks About Foreign Trip in Terms of US Jobs
President and First Lady Obama partook in some Hindu folk dancing a Holy Name High School earlier today, almost as if they were characters in a big Bollywood blockbuster. Later at a local college the president took some questions at a town hall. When he arrived on Saturday, the president remembered the Victims of the Mumbai Terrorist Attacks two years ago this month, and visited the Gandhi museum. But the real mission of this trip was underlined at the US-India Business Council Summit when the p...

Exporting Our Way to Stability
AS the United States recovers from this Recession, the biggest mistake we could make would be to rebuild our economy on the same pile of Debt or the paper profits of Financial speculation. We need to rebuild on a new, stronger foundation for Economic Growth. And part of that foundation involves doing what Americans have always done best: discovering, creating and building products that are sold all over the world. We want to be known not just for what we consume, but for what we produce. And th...

Ford slams South Korea trade deal as Obama officials renew talks in Seoul
Ford has launched an aggressive advertising campaign against the South Korea FTA, which it argues would lock in unfair Trade between the countries. In newspaper advertisements running inside and outside the Beltway, Ford argues that for every 52 cars Korea ships to the U.S., the U.S. “can only export one there.” The ad states: “We believe in Free Trade, and this isn’t it. In fact, Ford has supported every Trade Agreement approved by Congress since 1965 - until this one.̶

Bon Voyage, Mr President
Too bad Mrs. Obama couldn't find her iron. (VOA) — U.S. President Barack Obama left Friday for a 10-day trip to Asia, on a mission to increase economic ties with the region’s emerging economies. Mr. Obama’s first stop will be India , where he will spend four days visiting the financial center, Mumbai and the capital, New Delhi, accompanied by several U.S. business leaders . The president told reporters at the White House Thursday the region is one of “the fastest gr...

U.S. Army officials announce security measures, restrictions ahead of G-20
SEOUL — U.S. Forces Korea personnel are banned from going within a 600-meter radius of the COEX mall and convention center complex Wednesday through Friday, one of several security measures affecting the Military community during the upcoming G-20 summit, U.S. Army Garrison-Yongsan officials said Friday. The economic summit will be attended by 32 heads of State and more than 10,000 participants. Protests at previous G-20 meetings have become violent, and delays are expected on all forms of...

US, Australia consider joint military bases; look for ways to curb assertive China
Melbourne, Australia — The United States plans to expand its Military presence in Australia as the two nations maneuver to rein in an increasingly assertive China. U.S. and Australia are considering a joint or shared base arrangement in which U.S. Troops and assets such as planes or ships would piggyback on existing Australian Military facilities, a senior U.S. Defense official said Saturday. U.S. Defense Secretary Robert Gates said wider Military cooperation between the U.S. and longti...

US, Australia expand ties with an eye on China (AP)
Melbourne, Australia – The United States plans to expand its Military presence in Australia as the two nations maneuver to rein in an increasingly assertive China. U.S. and Australia are considering a joint or shared base arrangement in which U.S. Troops and assets such as planes or ships would piggyback on existing Australian Military facilities, a senior U.S. Defense official said Saturday. U.S. Defense Secretary Robert Gates said wider Military cooperation between the U.S. and longtim...

US, Australia consider joint military bases; look for ways to curb assertive China
Melbourne, Australia — The United States plans to expand its Military presence in Australia as the two nations maneuver to rein in an increasingly assertive China. U.S. and Australia are considering a joint or shared base arrangement in which U.S. Troops and assets such as planes or ships would piggyback on existing Australian Military facilities, a senior U.S. Defense official said Saturday. U.S. Defense Secretary Robert Gates said wider Military cooperation between the U.S. and longti...

US, Australia consider joint military bases; look for ways to curb assertive China
Melbourne, Australia — The United States plans to expand its Military presence in Australia as the two nations maneuver to rein in an increasingly assertive China. U.S. and Australia are considering a joint or shared base arrangement in which U.S. Troops and assets such as planes or ships would piggyback on existing Australian Military facilities, a senior U.S. Defense official said Saturday. U.S. Defense Secretary Robert Gates said wider Military cooperation between the U.S. and longti...

Indonesian volcano threatens Obama visit
JAKARTA - Indonesia's Mount Merapi Volcano belched ash and toxic fumes into the atmosphere on Sunday, but authorities played down the threat to Aircraft just two days before U.S. President Barack Obama was due to fly in. White House officials said they were watching developments "very closely." but there were no plans for now to reschedule a visit that has already twice been postponed. The Volcano, on the outskirts of Yogyakarta city in Central Java, began spewing lava, superheated gas and deadl...

Erupting Indonesian volcano threatens Obama visit
Jakarta | Sun Nov 7, 2010 1:39am EDT Jakarta (Reuters) - Indonesia's Mount Merapi Volcano belched ash and toxic fumes into the atmosphere on Sunday, but authorities played down the threat to Aircraft just two days before U.S. President Barack Obama was due to fly in. White House officials said they were watching developments "very closely," but there were no plans for now to reschedule a visit that has already twice been postponed. The Volcano, on the outskirts of Yogyakarta city in Central J...

Erupting Indonesian volcano threatens Obama visit
White House officials said they were watching developments "very closely," but there were no plans for now to reschedule a visit that has already twice been postponed. The Volcano, on the outskirts of Yogyakarta city in Central Java, began spewing lava, superheated gas and deadly clouds of ash two weeks ago and has so far killed over 120 people and forced the Evacuation of more than 150,000. While the Volcano is around 600 kms (400 miles) east of the capital, Jakarta, and authorities there said...

Analysis: Election raises hope for trade deals
WASHINGTON (Reuters) - Republican victories in congressional Elections have boosted the chances for approval of three long-delayed Free Trade Agreements, and could mark the start of a cooperative effort between the White House and Congress to open new markets for U.S. exports. "I think there is a real opportunity for Trade to be an area of collaboration" in the Trade deals as well as the Doha round of world Trade talks, said Ed Gresser, president of the Democratic Leadership Council, which suppo...

LEAD: APEC meetings kick off in Yokohama to shape region's future vision+
vision+ (AP) - YOKOHAMA, Nov. 7 (Kyodo)—(EDS: ADDING COMMENTS IN 4-5th GRAF) A series of Asia-Pacific Economic Cooperation forum gatherings kicked off Sunday in Yokohama to culminate in a summit meeting a week later, with senior officials engaging in final preparatory talks to shape the region's future vision for sustainable Growth and economic integration. The annual summit, to be held for the first time in Japan since 1995, could also be an opportunity for Japanese Prime Minister Naoto ...

Obama, US executives seek American jobs in India, opening president's longest foreign trip
Mumbai, India — President Barack Obama hasn't been able to drive down Unemployment in America, so he's coming to India in search of U.S. jobs. Four days after his party suffered heavy, economy-influenced losses in Congress, the president will arrive Saturday in Mumbai, India's booming financial center, where he will meet with local business leaders and with American executives who have traveled to India in search of Billions of dollars in Trade deals. The White House hopes to announce a...

Confidant of North Korea's Kim Jong Il dies
FILE -- In this Oct. 10, 2000 file photo released by the White House, then... Seoul, South Korea (AP) - Jo Myong Rok, a longtime confidant of North Korean leader Kim Jong Il who traveled to Washington in 2000 on a then unprecedented goodwill mission, has died. He was 82. Jo—who had served as first vice chairman of the North's powerful National Defense Commission since 1998—died Saturday of inveterate heart disease, the official Korean Central News Agency reported in a dispatch from Py...

Klug named Seoul news editor for AP; Pennington to cover U.S.-Asia relations from Washington
NEW YORK — Foster Klug, a reporter who has covered U.S.-Asia relations for The Associated Press in Washington, has been named the AP's news editor in Seoul, South Korea. The appointment was announced Friday by Senior Managing Editor John Daniszewski, who oversees international news. Daniszewski also announced that Matthew Pennington, who has worked in Asia has a bureau chief, reporter and editor, will replace Klug in Washington. Klug, 37, will report to Jean H. Lee, the Seoul chief of b...

Confidant of North Korea's Kim Jong Il dies
FILE -- In this Oct. 10, 2000 file photo released by the White House, then... Seoul, South Korea (AP) - Jo Myong Rok, a longtime confidant of North Korean leader Kim Jong Il who traveled to Washington in 2000 on a then unprecedented goodwill mission, has died. He was 82. Jo—who had served as first vice chairman of the North's powerful National Defense Commission since 1998—died Saturday of inveterate heart disease, the official Korean Central News Agency reported in a dispatch from Py...

APEC looks to safeguard growth amid US plan tension
Asia Pacific Finance Ministers pledged to work towards safeguarding growth and not competitively weaken currencies on Saturday, as the US sought to ease tensions over recent Economic proposals. Finance chiefs from the 21-nation Asia Pacific Economic Cooperation group including the United States, China and Japan met in Kyoto and adopted wording from an October G20 meeting to avoid "competitive devaluation of currencies". But fault lines had emerged during the two-day meeting over a US proposal ...

Exporting Our Way to Stability
AS the United States recovers from this Recession, the biggest mistake we could make would be to rebuild our economy on the same pile of Debt or the paper profits of Financial speculation. We need to rebuild on a new, stronger foundation for Economic Growth. And part of that foundation involves doing what Americans have always done best: discovering, creating and building products that are sold all over the world. We want to be known not just for what we consume, but for what we produce. And th...

In Advance of Foreign Trip, Obama Pens Op-Ed on Foreign Trade
Published in this morning’s New York Times, and coordinated to his arrival in Mumbai this morning, President Obama pens an op-ed titled, “Exporting Our Way to Stability.” The message is one he will be pushing over the next 10 days of his foreign trip which will take him to India, Indonesia, South Korea and Japan: how the US can benefit economically by foreign Trade to reach his stated goal of doubling US exports in the next five years. “To do that, we need to find new cus...

What the New Congress Means for Business - WSJ.com
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Obama heads to Asia, hopes to deliver on jobs
By Patricia Zengerle Washington | Fri Nov 5, 2010 10:15am EDT Washington (Reuters) - President Barack Obama leaves on Friday on a trip to Asia he hopes will lead to more U.S. exports and Jobs, three days after his Democratic Party sustained big election losses tied to the weak economy. Obama will visit India, Indonesia, South Korea and Japan on a 10-day trek blending Trade talk and other economic Diplomacy with assurances to Asian allies worried by an increasingly assertive China. In India, O...