• Tue
  • Jul 22, 2014
  • Updated: 6:32pm

US Treasury

Netizens applaud US taxation plans amid concerns about corruption in China

A new US taxation act should be the newest addition to China’s anti-graft tool kit – at least according to many Chinese netizens.

Saturday, 16 February, 2013, 3:31pm 6 comments

US hits debt ceiling with ‘cliff’ still unresolved

The US Treasury said the country would hit its debt ceiling on Monday as expected, forcing it to take measures to keep funding the government while political leaders battle over the deficit.

29 Aug 2013 - 4:13am

HSBC agrees to pay record US$1.9b over US money laundering probe

HSBC, Europe’s largest bank, agreed to pay US$1.92 billion to settle US probes of money laundering in the largest such accord ever.

29 Aug 2013 - 4:13am

China rebuts US claim that the yuan is still significantly undervalued

China has denied US accusations that the yuan was significantly undervalued, after the US Treasury said the currency's rise so far was insufficient, but stopped short of labelling Beijing a currency manipulator.

29 Nov 2012 - 5:44am

China not a currency manipulator, US says

China isn’t a currency manipulator under US law, though the yuan “remains significantly undervalued” and needs to rise further, the US Treasury Department said.

29 Aug 2013 - 4:13am

US economy: fiscal cliff or financial pothole?

In late 1999, the world went into a spin over Y2K, the millennium bug triggered by the arrival of the year 2000, threatening global chaos. In late 2012, investors have the "fiscal cliff" to worry about: a package of US federal tax cuts that expire on New Year's Day 2013, forcing Americans to pay more tax.

26 Nov 2012 - 2:17am

Obama to decide who will replace Timothy Geithner and Hilary Clinton

US President Barack Obama now confronts two questions that he has been avoiding for more than a year: who will replace Treasury Secretary Tim Geithner and when?

9 Nov 2012 - 3:57am

US treasury delays China currency report

The U.S. Treasury on Friday said it will delay a semi-annual currency report until November, a move that will likely draw fresh criticism from Republican presidential nominee Mitt Romney who has accused the Obama administration of being soft on China’s currency policies.

13 Oct 2012 - 9:15am