US Treasury

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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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CNBC Events

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 Inc. Headquarters As They Agree To Combine With Allergan Plc In $160 Billion Deal

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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Optimal Factory Finds Vinyl Records Niche

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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Jack Lew Discusses Redesign Of $10 Bill At Town Hall

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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Yuan notes

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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Oil field

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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Puerto Rico

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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Jack Warner

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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Jack Lew

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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General Motors

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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Timothy Geithner

Former government executive hires seen on the rise in investment firms - report

A trend in hiring former government officials in executive roles had been seen in investment firms, said a Bloomberg report. Recently, Warburg Pincus LLC appointed former US Treasury secretary Timothy Geithner as its new president.

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Timothy Geithner

Former US Treasury Secretary Timothy Geithner joins Warburg Pincus

Former US Treasury Secretary Timothy Geithner will be joining global private equity firm Warburg Pincus LLC in March. Geithner became notable for his role during the US financial crisis.

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What to watch in the day ahead

The world's largest retailer is likely to provide an update on its layaway program's results and on early indications of whether shoppers are taking to its first holiday specials. Wall Street is waiting to see whether Wal-Mart again cuts its fiscal year forecast.

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US Treasury Secretary Jacob Lew

Doubt rises on Treasury capacity to pay USD120 billion on US securities

Investors remained anxious even if US Treasury Secretary Jacob Lew announced last week in Congress that the department had the capacity to pay US Treasury bill holders.

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