Tag: US Treasury

• Saturday, May 19th 2018 - 09:38 UTC

  Trump imposes sanctions against the powerful Venezuela clan of Diosdado Cabello

  

  Two days before presidential elections in Venezuela, the Trump administration on Friday announced sanctions against a powerful governing party politician, accusing him of drug trafficking, extortion, money laundering and embezzling government money.

• Wednesday, May 9th 2018 - 08:39 UTC

  Despite Trump, Europe, Russia and China committed to the Iran nuclear deal

  

  Western powers, Russia and China remain committed to the Iran nuclear deal - after the US announced it was withdrawing from the agreement. The UK, France and Germany say they “will work with all remaining parties” and urged the US not to obstruct its implementation and the other signatories to the 2015 deal - Russia and China - have also stressed their continuing support.

• Wednesday, February 7th 2018 - 08:44 UTC

  Algorithmic trading accelerated Black Monday markets plunge, speculate analysts

  

  Robot trading has accelerated this week's market dive and may have sparked the sell-off, experts say. Financial firms use computers programmed with complex sets of instructions known as algorithms, which identify trading opportunities and then strike faster than any human could.

• Monday, December 7th 2015 - 08:44 UTC

  Argentina talks to US Treasury Secretary; lifting dollar clamp depends on level of reserves

  

  Argentina's incoming Finance minister Alfonso Prat-Gay spoke with the United States Treasury Secretary Jack Lew to discuss economic plans to achieve sustained economic growth. The minister also announced in a long interview with Buenos Aires main dailies that lifting the dollar 'clamp' as promised by president-elect Mauricio Macri, will much depend on the level of international reserves Argentina can count with.

• Tuesday, October 6th 2015 - 07:54 UTC

  UK announces retail sale of £2 billion worth of shares in Lloyds Banking Group

  

  The British government said on Monday it plans to sell at least £2 billion ($3.04 billion) worth of shares in Lloyds Banking Group PLC to the general public at a discount next spring as part of a broader move to cash out its stake in the bailed-out lender.

• Friday, August 28th 2015 - 06:50 UTC

  US Treasury sanctions Farc members operating from Switzerland

  

  The US has announced sanctions against four alleged members of Colombia's Farc rebel group, accusing them of drug trafficking and money laundering. The four men used a shop in Switzerland as a front for their activities, the US treasury department said. It says the Farc still use drugs to fund their “ruthless operation”.

• Thursday, July 10th 2014 - 21:48 UTC

  Fed will end asset purchases in October, but no decision yet on interest rates

  

  The Federal Reserve has begun detailing how it plans to ease the US economy out of an era of loose monetary policy, indicating it will end its asset purchases in October and appearing near agreement on a plan to manage interest rates in the future, according to minutes of the last Fed policy meeting.

• Wednesday, November 6th 2013 - 02:05 UTC

  US Treasury and IRS announce further steps to curtail offshore tax evasion

  

  The United States Department of Treasury says it is taking steps to curtail offshore tax evasion in the Caribbean and other places. The US Treasury Department along with the US Internal Revenue Service (IRS) have issued a notice for foreign financial institutions (FFIs) to comply with information reporting and withholding tax provisions of the Foreign Account Tax Compliance Act (FATCA).

• Thursday, October 17th 2013 - 05:52 UTC

  Congress agreement saves US from shutdown for three months; Republicans seriously divided

  

  US Congress has passed a bill to reopen the government and raise the federal debt limit, with hours to spare before the nation risked default. The Democratic-controlled Senate's bipartisan compromise won approval by 81 votes to 18.

• Monday, October 14th 2013 - 05:31 UTC

  IMF warns US default means massive disruption and world recession

  

  The head of the International Monetary Fund, Christine Lagarde, has warned that a US default could tip the world into recession. In a US TV interview she said a default would result in “massive disruption the world over”.