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treasury

Rishi Sunak proposes tax cuts for pensioners in new election pledge

by Walter Watson
Rishi Sunak proposes tax cuts for pensioners in new election pledge

British Prime Minister Rishi Sunak on Monday proposed tax cuts for millions of pensioners in his latest campaign pledge, highlighting the importance of older voters in the coming July election. …

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US delegation in Malaysia to discuss sanction-evading Iranian oil shipped by ‘dark fleet’

by Walter Watson
US delegation in Malaysia to discuss sanction-evading Iranian oil shipped by ‘dark fleet’

Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian Nelson and Treasury General Counsel Neil MacBride will be in Kuala Lumpur this week where they will hold “candid …

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Christopher Hui in New York to promote Hong Kong’s superconnector role in meetings with likes of Michael Bloomberg, Fed CEO

by Anas Siddiqui
Christopher Hui in New York to promote Hong Kong’s superconnector role in meetings with likes of Michael Bloomberg, Fed CEO

The Secretary for Financial Services and the Treasury will meet Michael Bloomberg, founder of financial media company Bloomberg and former New York City mayor, on Tuesday. He will also address …

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Hong Kong budget 2024-25: treasury chief champions HK$600 billion bond issuance plan, vows safeguards to be put in place

by Ron Morgan
Hong Kong budget 2024-25: treasury chief champions HK0 billion bond issuance plan, vows safeguards to be put in place

The shortfall is expected to balloon to HK$101.6 billion (US$12.9 billion) at the end of 2023-24, far higher than the previous estimate of HK$54 billion, amid a substantial reduction in …

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why experts predict a 1000x increase for tokenized treasuries

by Isaac Wright
why experts predict a 1000x increase for tokenized treasuries

Tokenized treasures have grown by over 700% in one year. Learn how these digital assets are reshaping the investment scenes. The concept of digitizing traditional financial assets like government or …

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Senior Chinese and US finance officials agree to ‘continue to meet regularly’ amid discord

by Walter Watson
Senior Chinese and US finance officials agree to ‘continue to meet regularly’ amid discord

During a separate meeting with the American delegation on Friday, Vice-Premier He Lifeng said China was willing to work with the US to implement the important consensus reached in San …

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US Treasury Official Warns of Greater Crypto Crackdown in US Over Persistence of Crime

by Isaac Wright
US Treasury Official Warns of Greater Crypto Crackdown in US Over Persistence of Crime

Deputy Treasury Secretary Adeyemo’s stern message, Biden administration seeks legislative power, and Binance CEO pleads guilty. Adeyemo warns crypto companies: Act against illicit money flows or face severe consequences. The …

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Proposed “Broker Rule” in US Could Threaten DeFi, Warns Blockchain Association

by Isaac Wright
Proposed “Broker Rule” in US Could Threaten DeFi, Warns Blockchain Association

A potentially pivotal decision for decentralized finance (DeFi) comes to the US. The Blockchain Association expresses concern over the U.S. Treasury and IRS’s proposed redefinition of “broker” in tax rules, …

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ICBC flies top executives to US in race to contain fallout of hack by ransomware gang LockBit

by Ron Morgan
ICBC flies top executives to US in race to contain fallout of hack by ransomware gang LockBit

Within days of a cyberattack at its US unit, members of Industrial and Commercial Bank of China’s (ICBC) management were on a plane. Officials from the world’s largest lender arrived …

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