US Treasury

Biden Administration Wants to Extend Anti-Money Laundering Regulations to Investment Advisers

Biden Administration Wants to Extend Anti-Money Laundering Regulations to Investment Advisers

The Biden administration wants to require investment advisers to detect and report suspected money laundering to the government.

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US Imposes Sanctions on 4 Entities for Carrying Russian Oil Priced Above the Western Price Cap

US Imposes Sanctions on 4 Entities for Carrying Russian Oil Priced Above the Western Price Cap

The US Treasury Department has imposed sanctions on three UAE-based entities and a Liberian tanker for violating the price cap on Russian oil.

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Top US Treasury Officials to Visit China to Discuss Economic Issues That Put the Two Superpowers at Odds

Top US Treasury Officials to Visit China to Discuss Economic Issues That Put the Two Superpowers at Odds

A team of five officials from the US Treasury Department is heading to China this week for economic talks.

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US Treasury Department Unveils New Tax Credit Guidelines for Sustainable Aviation Fuel

US Treasury Department Unveils New Tax Credit Guidelines for Sustainable Aviation Fuel

The US Treasury Department has released the long-awaited guidelines for the Sustainable Aviation Fuel (SAF) tax credits.

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Regulators Aim To Govern Fintech To Protect Billion Dollar Market Opportunity

Financial tech and its $147 billion potential market opportunity required financial regulators to supervise the industry. In 2015, investments in the fintech sector doubled, reaching $14 billion.

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Investors Still Support Pfizer CEO After Failed Merger With Allergan

The company called off the acquisition of Allergan after the U.S. Treasury issued the rule preventing the deal. Nevertheless, Chief Executive Officer Ian Read still has the investors support.

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Pfizer and Allergan May Have to Call-Off Their $160 Billion Merger

Pfizer and Allergan will have to scrap the merger deal following the new regulation from Treasury Department to stop the U.S. company moving overseas.

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Bookings for US factory goods down 1.7% in February

The demand for the US industrial products declined in February, signalling an additional slowdown in the country's economic growth. Fresh orders for the US industrial products dropped 1.7% in February, compared to an increase of 1.2% in January.

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Treasuries fell as markets discount China concerns

US Treasuries dropped for the first time in seven days as China concerns eased. The unexpected depreciation of Yuan by China's central bank sent shock waves across the global markets. This triggered selloff in equities and forced investors towards safe havens such as treasuries and gold.

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China's capital outflows tripling in November

The capital outflows from the world's second-largest economy registered record level in November. The capital outflow grew almost three times in November from October.

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ISIS selling oil to Syria

ISIS (Islamic State in Iraq and Syria) has begun selling Iraqi crude oil to Syria, against which the Islamic militant group has been fighting to take over the country.

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US Treasury makes forceful call on Puerto Rico debt plan, seeks Congress support

The measures by Barack Obama-led US government to keep more pressure on lawmakers to bring Puerto Rico out of the economy crisis are facing strong resistance from Republicans. The US Treasury has listed out proposals, for which it sought the support of Congress to enact them to help the US territory Puerto Rico Island in dealing with the ongoing financial crisis.

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US to anti-money body: Delete soccer warning

Several countries including the US told a global anti-money laundering organization that they should delete the public warning it had given last June to various financial institutions regarding corruption in soccer.

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Creditworthiness of US at stake; Will cash-strapped US raise debt ceiling?

The creditworthiness of the world's largest economy seems to be drenched as US treasury has stopped issuing further debt citing reasons for reaching the borrowing ceiling.

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US Govt exits final General Motors stake

The US government has finally sold its last remaining stake in General Motors, the largest automaker in the US in terms of sales, according to a Financial Times report.

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