Tag: Jacob Lew

• Monday, October 12th 2015 - 09:18 UTC

  Lagarde blasts US Congress for blocking reforms: “they jeopardize IMF's credibility”

  

  Washington's use of its de facto veto at the International Monetary Fund to block reforms giving emerging countries a greater say is jeopardizing the IMF's credibility, complained Managing Director Christine Lagarde.

• Saturday, September 19th 2015 - 08:26 UTC

  US ease restrictions on US companies seeking to make business in Cuba

  

  The United States on Friday issued regulations easing restrictions on US companies seeking to do business in Cuba and opening up travel in the latest action to weaken the trade embargo amid warming relations with the Castro brothers regime.

• Wednesday, March 18th 2015 - 08:20 UTC

  EU main economies announce plans to join China-led development bank, despite US warning

  

  France, Germany and Italy on Tuesday announced plans to join the Chinese-led development bank AIIB, drawing concern in Washington which views the institution with skepticism. The three European countries want ”to become founding members of the Asian Infrastructure Investment Bank (AIIB)”, they said in a statement.

• Wednesday, March 18th 2015 - 08:14 UTC

  Failure to approve IMF reforms puts “credibility of the US at risk” Lew warns Congress

  

  The credibility of the United States is at risk if Congress fails to approve International Monetary Fund quota and governance reforms, Treasury Secretary Jacob Lew warned on Tuesday. For more than two years the US Congress has prevented the 2010 IMF reforms from taking effect.

• Friday, January 16th 2015 - 04:58 UTC

  US makes it easier for Americans to travel and make business in Cuba

  

  The United States government on Friday will begin making it easier for Americans to travel to Cuba than it has been for more than half a century, opening the door to a new era of contact between neighbors that have been estranged longer than most of their citizens have been alive.

• Wednesday, March 20th 2013 - 08:08 UTC

  Chinese leadership pledges new relationship with US and demands respect for ‘core interests’

  

  Chinese President Xi Jinping told US Treasury Secretary Jacob Lew in Beijing on Tuesday that he wants to build a new type of relationship with Washington centred on core interests.