Business Feb 25, 2022
World Bank preparing ways to support Ukraine as fallout assessed
It was unclear, however, what resources may be available to aid Ukraine's people if Zelenskyy's democratically elected government is deposed by Russian forces.
Business Feb 7, 2022
U.S. calls for 'concrete action' from China to meet Phase 1 purchase commitments
The officials said Washington was losing patience with Beijing, which had "not shown real signs" that it would close the gap in the two-year purchase commitments.
Business Oct 13, 2021
Asian Development Bank boosts 2019-2030 climate financing goal to $100 billion
The additional $20 billion in financing support will provide support for climate mitigation efforts including low-carbon energy sources.
Business | ANALYSIS Aug 18, 2021
Afghan central bank's $10 billion stash not all within reach of Taliban
The country's central bank is thought to hold foreign currency, gold and other treasures in its vaults, but the vast majority of the assets are held outside Afghanistan.
Business Jun 6, 2021
What is a global minimum tax and what will it mean?
The deal aims to end what U.S. Treasury Secretary Janet Yellen has called a "30-year race to the bottom on corporate tax rates" as countries compete to lure multinationals.
Business May 25, 2021
Deputy U.S Treasury chief sees G7 support for 15%-plus global minimum tax
The U.S. global minimum tax proposal is expected to be a key topic of discussion at a preliminary virtual G7 finance leaders meeting on Friday.
Business Jan 27, 2021
Janet Yellen makes history again as first female chief of U.S. Treasury
The Senate voted an overwhelming 84-15 to confirm Janet Yellen as the first woman to lead the U.S. Treasury earlier this week, setting her quickly to work with Congress on coronavirus relief, reviewing U.S. sanctions policy and strengthening financial regulation. All opposition was from Republicans, ...
Business Dec 17, 2020
U.S. trade czar's advice for Biden on China: 'Hold their feet to the fire'
U.S. President-elect Joe Biden should keep pressing China to stick to the phase one trade deal and use tariffs as leverage, U.S. Trade Representative Robert Lighthizer said, adding that Beijing has done a "reasonably good job" at implementing parts of the deal. In a rare ...
Business | ANALYSIS Aug 14, 2020
A faltering U.S.-China trade deal is now the nations' strongest link
Top U.S. and Chinese trade officials are expected to recommit to a Phase 1 trade deal during a review on Saturday, even though China's promised purchases of U.S. exports are far behind schedule. Current and former U.S. government officials and trade experts in both countries ...
Business / Economy | ANALYSIS Jun 24, 2020
Trump's threat to 'decouple' U.S. and China hits trade and investment reality
Conflicting talk from White House officials about "decoupling" the U.S. economy from China is running into a challenging reality: Chinese imports of U.S. goods are rising, investment by American companies into China continues, and markets are wary of separating the world's biggest economies. U.S. President ...