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US warns EU ahead of Apple tax evasion ruling

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.

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

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.

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

'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.

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. 

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.

India lowers exposure to US government bonds

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.

New reform agenda has strengthened Indian economy: US

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

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.

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.

US widens sanctions on Syria

The United States widened sanctions on Syria on Monday, targeting individuals and entities it says are providing energy products used by the Assad regime in fighting its own people. 

 

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.

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.

Colombian football club laundered money for cartel: US

Colombian football club laundered money for cartel: US

The owner of top-flight Colombian football team Envigado used the club and his influence to support narcotics trafficking and money laundering by a dangerous drug cartel, the US Treasury Department said Wednesday.

US blacklists Myanmar official ahead of Obama visit

The United States on Friday imposed sanctions on a prominent lawmaker and businessman in Myanmar for undermining economic and political reforms in the country, ahead of U.S. President Barack Obama`s planned visit next month.

US Treasury sanctions Pakistanis with links to LeT, Harakat-ul-Mujahedeen

Updating its list for specially designated nationals (SDN), the US Treasury Department added three key Pakistanis to the notorious list, including Fazlur Rehman Khalil, the founder of Harakat-ul-Mujahedeen.

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.

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.

US records USD 71 billion budget surplus in June

The US government ran a monthly budget surplus in June, putting it on course to record the lowest annual deficit since 2008.

Indian-American appointed to key US Treasury Department post

Jawahar Kaliani has been appointed as the Deputy Chief Information Officer for Application Services Delivery (ASD) at the Office of the Comptroller of the Currency (OCC), Department of Treasury.

US allows Boeing to sell plane parts to Iran

The United States has issued a license allowing Boeing to do business with Iran for the first time since the US embargo of 1979, a company spokesman said Friday.