U.S. Secretary of Treasury Jacob Lew said on Wednesday that China's current RMB exchange rate fluctuations reflect market forces, pointing to the G20 forums as important mechanism to foster global commitments.
Former vice chairman of Hong Kong-listed company Pearl Oriental Oil Lew Mon-hung was sentenced to 18 months in jail for perverting the course of justice by Hong Kong District Court on Monday.
Chinese Vice Premier Wang Yang held a telephone conversation Wednesday with U.S. Treasury Secretary Jacob Lew on the negotiations on the bilateral investment treaty and this year's Group of 20 (G20) summit in China.
U.S. Treasury Secretary Jacob Lew on Wednesday urged European officials to reach a deal with Greek government to restructure its debt in a sustainable way and keep the debt-beleaguered country in the euro zone.
U.S. Treasury Secretary Jacob Lew on Tuesday warned of the risk for eroded U.S. role in international institutions if Congress failed to ratify reforms of related institutions, such as the International Monetary Fund (IMF) The United States is the only country standing in the way of the IMF reforms, adding that the reforms are the best way to maintain the U.S. leadership role in the IMF to protect the U.S. economic and national security interests, Lew said in his testimony before the House Financial Services Committee.
U.S. Treasury Secretary Jacob Lew urged the Congress Thursday to raise the federal debt ceiling as soon as possible, or the government would run out of the borrowing room to pay its bills.
The recent government shutdown and the debt ceiling deadlock have led to economic hardship across the United States, and the nation should avert another similar event that will impact the economic recovery, U.S. Treasury Secretary Jacob Lew said Monday.
Jacob Lew was confirmed on Wednesday by the U.S. Senate as Treasury Secretary, as Democrats and Republicans are haggling over the looming government spending cuts.
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