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

Last Updated: Tuesday, August 19, 2014, 18:18

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

Last Updated: Tuesday, August 12, 2014, 00:34

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.

India raises exposure to US govt securities at $70.1 bn in May

Last Updated: Thursday, July 17, 2014, 14:34

India held American government securities worth USD 70.1 billion in May, increasing its exposure to one of the highest levels so far this year.

US records USD 71 billion budget surplus in June

Last Updated: Saturday, July 12, 2014, 00:43

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

Asian shares score three-year high on economic optimism

Last Updated: Wednesday, July 02, 2014, 12:50

Asian stocks scored a three-year peak on Wednesday in the wake of upbeat global economic data that whetted risk appetites and helped Wall Street taste all-time highs.

Asian shares wilt, oil prices rise on Iraq fears

Last Updated: Wednesday, June 25, 2014, 08:56

Asian shares were on the back foot early on Wednesday, taking their cue from Wall Street as the deepening crisis in Iraq and a report that the U.S. could be loosening restrictions on crude exports triggered a rally in oil prices.

Dollar rebounds slightly on euro

Last Updated: Saturday, June 21, 2014, 10:01

The dollar edged higher against the euro after two days of losses in overall relatively steady foreign exchange markets Friday.

Foreign banks sign up to help US battle tax evasion

Last Updated: Tuesday, June 03, 2014, 05:04

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

Last Updated: Thursday, May 29, 2014, 04:27

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.

Geithner revisits US financial crisis in new book

Last Updated: Saturday, May 10, 2014, 10:38

Former US Treasury Secretary Timothy Geithner says he regrets not pushing for stronger financial safeguards ahead of the devastating 2008 crisis, according to reported excerpts of his new book.

Indian-American appointed to key US Treasury Department post

Last Updated: Saturday, May 03, 2014, 10:48

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 sanctions on Russia having an impact: US Treasury

Last Updated: Saturday, April 26, 2014, 16:52

US Treasury Secretary Jack Lew said in a radio interview Friday that sanctions imposed on Russia for actions in Ukraine are "having an impact."