US Treasury

Netizens applaud US taxation plans amid concerns about corruption in China

16 Feb 2013

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

3:31PM

6 comments

US hits debt ceiling with ‘cliff’ still unresolved

1 Jan 2013

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.

8:23AM

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

11 Dec 2012

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.

8:02PM

3 comments

China rebuts US claim that the yuan is still significantly undervalued

29 Nov 2012

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...

5:44AM

China not a currency manipulator, US says

28 Nov 2012

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.

2:21PM

US economy: fiscal cliff or financial pothole?

26 Nov 2012

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.

2:17AM

Opinion

Attempts to diversify China's reserves have been a disaster

4:45AM

Howard Winn

China is like the EU; provinces are its member states

5:26AM

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?

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...

9:15AM