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treasury department

US sanctions China-based network over links to North Korea space and missile programmes

by Walter Watson
US sanctions China-based network over links to North Korea space and missile programmes

The US announced on Wednesday a new wave of sanctions against Chinese entities for allegedly violating UN Security Council resolutions by supplying North Korea with inputs for ballistic missiles, the …

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China contemplates ‘countermeasures’ after US takes steps to curb outbound tech, AI investment

by Walter Watson
China contemplates ‘countermeasures’ after US takes steps to curb outbound tech, AI investment

China’s Ministry of Commerce had harsh words for the United States on Monday after the latter country announced it would proceed with curbs against hi-tech investments destined for the East …

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Ukraine war: US warns China to halt exports that support Russia or face ‘further steps’

by Walter Watson
Ukraine war: US warns China to halt exports that support Russia or face ‘further steps’

“PRC companies are providing Russia with significant quantities of machine tools, microelectronics, optics, UAV and cruise-missile technology, and nitrocellulose, which Russia uses to make propellant for weapons. “These materials are …

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New US wave of Ukraine sanctions includes targets in Hong Kong and mainland China

by Walter Watson
New US wave of Ukraine sanctions includes targets in Hong Kong and mainland China

“Today’s actions strike at their remaining avenues for international materials and equipment, including their reliance on critical supplies from third countries,” said Treasury Secretary Janet Yellen. “We are increasing the …

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Without Malaysia and Singapore, Iran couldn’t shift its sanctioned oil, US official says

by Walter Watson
Without Malaysia and Singapore, Iran couldn’t shift its sanctioned oil, US official says

Without Malaysia and Singapore, Iran couldn’t shift its sanctioned oil, US official says The United States sees Iran’s capacity to move its oil as reliant on service providers based in …

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Singapore, Malaysia to get visit from US treasury official to discuss sanctions on Iran, and Russian oil

by Walter Watson
Singapore, Malaysia to get visit from US treasury official to discuss sanctions on Iran, and Russian oil

The US Treasury Department’s top sanctions official will travel to Singapore and Malaysia next week, a source familiar with the matter told Reuters, as Washington seeks to combat funding for …

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US, UK announce new sanctions on Iran after missile and drone strike on Israel

by Ron Morgan
US, UK announce new sanctions on Iran after missile and drone strike on Israel

The United States and the United Kingdom announced widespread sanctions against Iran’s military drone programme on Thursday in response to its weekend attack against Israel. Washington is targeting “16 individuals …

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‘I’m going to put together a group’

by Edgar Davis
‘I’m going to put together a group’

Former Treasury Secretary Steven Mnuchin revealed Thursday that he’s building a team of investors to potentially buy TikTok after House lawmakers overwhelmingly passed a bipartisan bill that would force its …

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Trump considering billionaire TikTok investor Jeff Yass for Treasury secretary: report  

by Ron Morgan
Trump considering billionaire TikTok investor Jeff Yass for Treasury secretary: report  

Former President Donald Trump is considering tapping hedge fund manager Jeff Yass to serve as his Treasury secretary if he wins the presidential election in November, a report said Thursday.  …

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US Congress passes bill to avert government shutdown, sends it to Joe Biden

by Walter Watson
US Congress passes bill to avert government shutdown, sends it to Joe Biden

“We have good news for America. There will not be a shutdown on Friday,” Senate Majority Leader Chuck Schumer, a Democrat, said on the Senate floor just before the vote …

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