Economic Sanctions

US aims to make Iran's currency useless in global commerce

David Cohen

The US wants to make Iran's currency useless in global commerce through an executive order that gives financial institutions a July 1 deadline to stop dealing in rials or face sanctions, Treasury official David Cohen said.

Saturday, 8 June, 2013, 3:00am

Taiwan curbs on the Philippines 'to cost HK$2.3b'

Dozens of New Party members shout anti-Philippine slogans in front of the Philippine trade office in Tapei, Taiwan. Photo: EPA

The sanctions slapped on the Philippines by Taiwan in the escalating row over the shooting of a Taiwanese fisherman are expected to cost Manila an estimated NT$9 billion (HK$2.33 billion) in lost revenue a year, according to Taiwanese officials.

17 May 2013 - 6:53am 2 comments

China says it is not top trading nation

China has denied reports it passed the United States as the largest trading nation, saying that it still trails when the values of goods are calculated using comparable free-on-board (FOB) prices. Photo: Bloomberg

China has denied reports it passed the United States as the largest trading nation, saying that it still trails when the values of goods imported and exported by both countries are calculated using comparable free-on-board (FOB) prices.

14 Feb 2013 - 4:53am

Beijing slams US sanctions on Chinese companies

Foreign ministry spokeswoman Hua Chunying

Beijing has denounced US sanctions imposed on four Chinese companies and one individual last week for allegedly breaching a US law designed to hamper the development of weapons of mass destruction by Iran, North Korea or Syria.

12 Feb 2013 - 6:09am

US lifts ban on most Myanmar imports

US lifts ban on most Myanmar imports

The United States on Friday lifted a nearly decade-old ban on most imports from Myanmar, saying it was hoping to encourage recent reforms days before a landmark visit by President Barack Obama.

17 Nov 2012 - 4:39am

Iran still able to beat sanctions and sell oil to key markets in Asia

To continue selling crude oil to China, Iran is delivering the oil to its No 1 customer on its own tankers, backed by state insurance, not on the commercial tankers used in the past.

To sell to India, Iran is accepting payment in rice, medicine, engineering supplies and steel.

12 Sep 2012 - 3:54am

Trade sanctions deadline looms over talks

Marathon talks are scheduled to continue for a third day in Beijing as United States and Chinese negotiators attempt to avert a multi-billion dollar trade war over property rights.

15 Jun 1996 - 12:00am


'In Shanghai there are very, very few pirates' - Shopkeeper Liu Shangtong, speaking at his cluttered one-room shop, Shanghai East Sea Digital Equipment. The store was littered with counterfeit CD-ROMS. One of the discs contained about 50 popular software programs including a new version of Microsoft's Windows 95 that uses simplified Chinese characters, introduced less than three months ago.

19 May 1996 - 12:00am

Sanctions list more likely as IPR negotiations stumble

Chinese and United States negotiators have apparently failed to reach an agreement in the long-running dispute over intellectual property rights, heightening the possibility that the US will announce a preliminary hit list of US$3 billion in sanctions on Chinese exports today.

15 May 1996 - 12:00am

IPR sanctions face cuts to US$1.5b in trade-off talks

Sino-US specialist Harry Harding says the expected Clinton Administration hit list of China-made products may be cut to about US$1.5 billion after trade-offs.

He also warned that congress would ask for more power to intervene in trade policy if the administration failed to satisfy demands on intellectual property rights (IPR) protection.

15 May 1996 - 12:00am

Sensitive industries escape sanctions

THE fall-out in Hong Kong of a trade war between the United States and China would not be as serious as previously expected, according to a top government official.

7 Feb 1995 - 12:00am

US critical of mainland's piracy inertia

THE United States remains dissatisfied with China's progress on intellectual property rights (IPR) enforcement, three months after activating a Special 301 investigation under its trade law, a senior US trade official says.

5 Oct 1994 - 12:00am