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The Latest Breaking News from US Treasury

US Concerned at ‘Abuses’ in Lebanese Banking System, Urges Probes

A US Treasury delegation urged Lebanese authorities to mount investigations into what it described as abuses within the Lebanese banking system by members of the political and economic elite, the US Treasury said on Wednesday. The unusually candid statement issued at the end of a three-day visit to Beirut by…

Asharq Al-Awsat

Lebanon’s President Tells US his Country is Fighting Money Laundering, Terrorist Financing

Lebanese President Michel Aoun informed Tuesday a visiting US Treasury delegation that Lebanon continues to combat corruption, money laundering and terrorist financing operations. “Lebanese laws are applied firmly and accurately in this field,” Aoun told the delegation during a meeting at the Presidential Palace in Baabda. He indicated that Lebanon…

Asharq Al-Awsat

US Imposes Sanctions on International Network Funding Houthis in Yemen

The United States on Wednesday imposed sanctions on a sprawling international network run by Iran’s Revolutionary Guards Corps and a Houthi financier that funneled tens of millions of dollars to Yemen’s Houthi militias, the US Treasury said. The funds were used to support Houthi attacks, the Treasury said in a…

Asharq Al-Awsat

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Washington Targets Russian Debt in Sanctions Sweep

The US government broadened restrictions on trading of Russian government debt on Tuesday in a bid to punish Moscow for ratcheting up its conflict with Ukraine, a move that analysts said might have a moderate impact near-term but could be a step toward harsher measures. The US Treasury said it…

Asharq Al-Awsat

Yellen acknowledges 'some global fallout' from any Russia sanctions

Washington (AFP) - US Treasury Secretary Janet Yellen says "some global fallout" would result if the West moves ahead with the punishing, coordinated sanctions threatened against Russia, should it attack Ukraine.

AFP

Famine in Afghanistan: Will crisis force reset of relations with the Taliban?

Is tying humanitarian assistance to human rights the right course for Afghanistan? Aid agencies are this week imploring the West and in particular the US Treasury to allow money transfers to flow unhindered and to unblock desperately needed funds.

France 24

US extends protection of Venezuelan oil unit Citgo

Washington (AFP) - The US Treasury on Thursday extended by one year a rule that shields Citgo, a US-based unit of Venezuela's state-owned oil company PDVSA, from being seized by creditors, the department said.

AFP

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US sanctions 3 Lebanese businessmen for alleged Hezbollah ties

US Treasury accuses Lebanese group of using the financial sector to amass ‘wealth that the Lebanese people never see’.

Al Jazeera

Vanguard Money Market Funds: What You Need to Know

Vanguard money market funds are useful asset storage tools. Here, we break down what you need to know about the firm's six offerings.

Kiplinger

How Often Bear Markets Occur and 7 Other Facts About Them

Bear markets can be terrifying, but they're normal, inevitable and – most importantly – they don't last forever.

Kiplinger

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