Apr 16, 2015

Japan bumps China as top holder of U.S. Treasury debt

Japan overtook China in February as the top foreign holder of U.S. Treasury securities, a position Tokyo last held in August 2008. In its monthly report on bond holdings, the Treasury Department said Wednesday total foreign holdings of Treasury debt dipped 0.9 percent in ...

Jan 16, 2015

U.S. eases travel, trade with Cuba from Friday: Treasury

The United States will ease travel and trade restrictions with Cuba on Friday, implementing last month’s agreement to begin normalizing ties with the Cold War-era foe. “Today’s announcement takes us one step closer to replacing out-of-date policies that were not working and puts in ...

U.S.: Islamic State earns $1 million per day in black market oil sales

Oct 24, 2014

U.S.: Islamic State earns $1 million per day in black market oil sales

Islamic State militants are amassing wealth at an unprecedented pace, earning about $1 million a day from black market oil sales alone, a U.S. Treasury Department official said Thursday. David Cohen, who leads the department’s effort to undermine the Islamic State’s finances, said the ...