United States
United StatesUS 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).
Washington pledges not to spy on UN communications system
The United Nations said that the United States has pledged not to spy on the world body's communications after a report that the National Security Agency had gained access to the UN video conferencing system.
US with the lowest federal budget deficit since 2008: surplus in September
Tax increases, spending cuts and a stronger economy nearly sliced the United States budget deficit in half in fiscal 2013, reducing it to the lowest level since 2008, Treasury Department data showed. The federal government took in 75.1 billion more than it spent last month, leaving the deficit for the fiscal year, which runs from October to September, at 680 billion, down from 1.09 trillion in 2012.
Fed continues with bond purchases: shutdown of US government affected reliable stats
The Federal Reserve decided on Wednesday to press on with the 85 billion dollars in monthly bond purchases, saying it needs to see more evidence that the economy will continue to improve.
US company pays heavy fined for bribing in several countries, including Argentina
The United States company Stryker Corp., the second-largest seller of orthopaedic devices, will pay more than 13.2 million dollars to settle U.S. regulatory claims that subsidiaries paid bribes in five countries to gain or retain business.
US monitored phone conversations of 35 world leaders according to Snowden
The United States monitored the phone conversations of 35 world leaders according to classified documents leaked by fugitive whistleblower Edward Snowden, Britain's Guardian newspaper said.
Four US super rich contributed 133 million dollars to the 2012 elections, says Wealth-X
As the United States Supreme Court considers whether to remove limits on individuals’ contributions to candidates, political parties and political action committees, Wealth-X released a list of the top five public political donors leading up to the 2012 elections and since then.
JP Morgan faces record 13 billion dollars fine for mortgage-backed securities
US banking giant JP Morgan is set for a record 13 billion dollars fine to settle investigations into its mortgage-backed securities, US media reports have said. A tentative deal is believed to have been reached in talks with senior US Justice Department officials.
US jobs figure validate expectations that Fed stimulus will continue until 2014
US stocks climbed on Tuesday pushing the S&P 500 to a new intraday record, after weaker-than-expected job creation last month validated expectations the Federal Reserve will maintain its economic stimulus into next year.
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.
