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US Treasury links former Barcelona defender Rafael Marquez to drug cartel

US Treasury links former Barcelona defender Rafael Marquez to drug cartel

The Treasury yesterday said Marquez has a "longstanding relationship" with Flores, has acted as a "front person" for him and held assets on his drug cartel's behalf.

White House 'Fence Jumper' jumps again

A US woman under a court order to stay away from the White House area was arrested for the third time in a week after she scaled a fence at the nearby US Treasury, a media report said on Monday.

US preparing charges against North Korea over Bangladesh heist: Report

The United States is reportedly building a case implicating North Korean government of orchestrating an USD 81 million cyber heist from the Bangladesh central bank`s account at the New York Federal Reserve, according to media reports.

US blacklists 16 North Korean companies, 7 officials

US blacklists 16 North Korean companies, 7 officials

According to Reuters, the blacklisted companies include Air Koryo, North Korea's national carrier as well as six financial services companies.

JPMorgan CEO Jamie Dimon may be headed to US Treasury

JPMorgan Chase & Co Chief Executive Jamie Dimon may still be in the running to become U.S. Treasury secretary, Fox Business Network reporters said on Wednesday, casting a cloud of uncertainty over the nation`s largest bank.

Brexit a danger to US financial stability: Treasury

 Britain`s vote last month to exit the European Union has raised the danger level for US financial stability, according to a US Treasury Department report released Monday.

Islamic State can't pay fighters, US Treasury says

 Efforts to choke off the finances of the Islamic State group have left it unable to pay its fighters and spurred corruption within the group, a senior US official said today.

US puts Germany, China on watchlist for economic surpluses

US puts Germany, China on watchlist for economic surpluses

The United States named Germany, China and three other East Asian countries on Friday to a new "monitoring" list of trade partners with excessive budget and trade surpluses.

White House backs US Treasury view that Russia's Vladimir Putin is corrupt

White House backs US Treasury view that Russia's Vladimir Putin is corrupt

A US Treasury official`s assessment that Russian President Vladimir Putin is corrupt "best reflects the administration`s view," White House spokesman Josh Earnest told reporters at a daily briefing on Thursday.

US should show 'proof' of Vladimir Putin corruption claims: Kremlin

US should show 'proof' of Vladimir Putin corruption claims: Kremlin

The Kremlin on Tuesday dismissed comments by a US Treasury official alleging massive corruption by President Vladimir Putin, challenging Washington to provide proof for what amounted to an "official accusation".

Russian President Vladimir Putin a corrupt: US Treasury official

Russian President Vladimir Putin a corrupt: US Treasury official

Adam Szubin, acting Treasury secretary for terrorism and financial crimes, said the US considers Russia's Vladimir Putin to be corrupt.

US stocks rally; Alibaba Up 7.5%

Alibaba jumped 7.5% as sales rose 45% to $2.81 billion in the quarter ending March 31.

US economic growth slows in Q4; corporate profits fall

Gross domestic product expanded at a 2.2 percent annual rate last quarter, the Commerce Department said on Friday in its third estimate of GDP. That was unrevised from the forecast last month. 

US debt limit looms again: Jacob Lew warns on `brinksmanship`

US Treasury Secretary Jacob Lew urged Congress Friday to avoid another disruptive battle over the country`s borrowing ability, which is scheduled to be capped in nine days.

Significant drop in US budget deficit

The federal government uses a fiscal year that begins in October; on that basis, the 2014 fiscal year ended in September saw a deficit of USD 483 billion, the lowest of Barack Obama's presidency, it said.

'Obama Administration to focus next 2 years on India-US trade ties'

Over the next two years, the Obama Administration would focus significantly on India-US economic and financial partnership and support the reform effort of the Indian government, a US official has said.

US Treasury chief urges Germany to boost growth

US Treasury Secretary Jacob Lew, in a meeting Wednesday with German Economy Minister Sigmar Gabriel, called on Germany to boost public spending to stimulate stuttering eurozone growth, the Treasury said.

US closes loopholes to curb corporate tax inversions

The Treasury said the new rules are applicable to any deals not yet closed, which could possibly lead to the derailing of some large takeovers.

Foreign banks sign up to help US battle tax evasion

US officials said that more than 77,000 banks and other financial institutions worldwide have joined its fight against tax evasion.

Dollar pushes higher on euro

Foreign exchange traders pushed the US dollar to a 15-week high against the euro Wednesday, sending US bond yields down to their lowest in nearly one year.