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19 Oct 2022

China BLOCKS US-India move to blacklist Pak-based LeT terrorist at UN

China has once again blocked US-India move on blacklisting a Pak-based LeT terrorist US-India had proposed to the UN to declare LeT's Shahid Mahmood as a ‘global terrorist’ The US Treasury Department designated Mahmood a global terrorist in December 2016.

13 Feb 2019

US public debt at record high above $22 trillion

The amount of the debt as of February 11 was quoted in a daily statement by the department on Tuesday.

05 Feb 2019

Trump to choose Treasury's Malpass to lead World Bank: sources

David Malpass, or any other US nominee, would still need to win approval from the World Bank`s 12-member executive board.

17 May 2018

US, Gulf Arab states place sanctions on Hezbollah leadership

Last October, the group had announced joint sanctions on top Islamic State and Al-Qaeda figures in Yemen.

Washington D.C.

25 Jun 2017

India's exposure to US securities touch a high of $124 billion

The latest data available with the US Treasury Department show that India's exposure jumped by USD 7 billion to USD 124.1 billion in April. The country had holding to the tune of USD 117.1 billion in March.

15 Jun 2017

ISIS chief recruiter in Indian subcontinent Mohammad Shafi Armar named global terrorist by US

Fugitive chief recruiter for terror group ISIS in the Indian subcontinent was on Thursday named global terrorist by the US.

Brussels verdict

25 Aug 2016

US warns EU ahead of Apple tax evasion ruling

As Brussels is slated to deliver a verdict next month on Apple and other US companies for evading billions of pounds in taxes, the US Treasury Department has warned the European Commission (EU) about taking such action.

03 Jun 2016

Despite slump in oil prices, know how ISIS is still the richest terror group in the world

ISIS made a whopping USD 2.4 billion in 2015 despite losing territory by simply adjusting its business from oil to taxes and is still the richest terror group on the planet, according to a report.

02 Jun 2016

'ISIS made $2.4 billion in 2015; richest terror group in world'

ISIS made a whopping USD 2.4 billion in 2015 despite losing territory by simply adjusting its business from oil to taxes and is still the richest terror group on the planet, according to a report.

17 Jan 2016

US lifts ban on foreign units of American companies operating in Iran

The United States will allow foreign subsidiaries of American companies to trade with Iran as part of sanctions relief granted under an international nuclear deal, the U.S. Treasury Department said on Saturday.

01 Jan 2016

White House delays imposing new sanctions on Iran: Report

The White House has delayed imposing new financial sanctions on Iran over its ballistic-missile programme, The Wall Street Journal reported on Thursday.

22 Oct 2015

India lowers exposure to US government bonds

India further trimmed its holdings of the US government securities to USD 115.6 billion in August amid continuing global economic uncertainties.

20 Oct 2015

New reform agenda has strengthened Indian economy: US

Amid weaker outlook across emerging market economies, India's recovery has strengthened under a new reform agenda, but it is not yet a "major driver" of global growth, a US Treasury Department report has said.

US Treasury Department

02 Oct 2015

US govt to run out of borrowed money on Nov 5: Treasury

On November 5, the Treasury would be left to fund the government with less than USD30 billion. This amount would be far short of net expenditures on certain days which can be as high as USD60 billion, Treasury Secretary Jacob Lew said in a letter to Congress.

27 Aug 2015

UBS pays $1.7 mn for `apparent` sanctions violations

The Swiss bank UBS has agreed to pay US authorities $1.7 million to settle "apparent" violations of rules banning transactions benefiting officially designated terrorists, the Treasury Department said Thursday.

26 Mar 2015

PayPal to pay $7.7 million in US Treasury sanctions case

PayPal, the electronic payments firm, agreed to pay $7.7 million to settle charges by the U.S. Treasury Department that it violated numerous sanctions programs against countries that include Iran, Cuba and Sudan, Treasury said on Wednesday.

21 Dec 2014

India cuts exposure to US govt securities at $77.5 bn in Oct

Apart from India, other BRICS nations -- Brazil, Russia, China and South Africa -- cut down their holdings of American government securities.

19 Aug 2014

India's holdings of US securities touch 1-year high of $72.9 billion

Increasing its exposure, India held American government securities worth nearly USD 73 billion in June which is also the highest level in one year.

12 Aug 2014

US watchdog calls bitcoin ''Wild West'' of finance

Virtual currencies such as bitcoin are the "Wild West" of financial products because of risks including huge swings in exchange rates, the U.S. Consumer Financial Protection Bureau said on Monday.

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