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