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U.S. Treasury labels Switzerland, Vietnam as 'currency manipulators'

The U.S. Treasury labeled Switzerland and Vietnam as "currency manipulators" on Wednesday.It claimed that through June 2020 both Switzerland and Vietnam had intervened in currency markets to prevent

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Britain needs EU to move for mutually beneficial trade deal, minister says

The European Union will need to move in negotiations but it is in the interests of both Britain and the bloc to get a trade deal, British minister Steve Barclay said on

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Biden taps Janet Yellen as Treasury secretary

U.S. President-elect Joe Biden will nominate former Federal Reserve Chair Janet Yellen to be his treasury secretary, the Biden transition team said in a statement on Monday.The Democrat's other picks

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U.S. Treasury to reach resolution with ByteDance on security concerns

The U.S. Treasury Department said on Wednesday it plans to reach a resolution of national security risks it has raised over ByteDance's acquisition of Musical.ly.In late 2017, ByteDance acquired M

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UK lawmakers worried about lack of Brexit preparations

Britain’s government may have left it too late for businesses to prepare properly for the end of free movement of goods to and from the European Union, an influential g

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U.S. House Speaker Pelosi hopes for coronavirus aid progress by end of week

U.S. House of Representatives Speaker Nancy Pelosi on Tuesday said she hoped progress can be accomplished on a coronavirus aid deal by the end of this week.Speaking to

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Chinese, U.S. chief trade negotiators hold phone talks

Chinese Vice Premier Liu He held a phone conversation with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin on Tuesday, according to th

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HK finance official says global investors speak positively of national security law, confident in HK

Global investors largely speak positively of the national security law in Hong Kong and remain confident in the global financial center, said Hui Ching-yu, secretary for Financial Services and the

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Liaison office of central gov't in HKSAR supports counter-measure against so-called U.S. sanction

The Liaison Office of the Central People's Government in the Hong Kong Special Administrative Region (HKSAR) voiced strong support on Monday for the counter-measure against the United States by th

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HK's Analogue does not expect U.S. sanctions to impact firm

Hong Kong Special Administrative Region, China. /VCG Building services provider Analogue Holdings Ltd. said on Sunday it did not believe sanctions imposed on Hong Kong Justice Secretary Teresa

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Pelosi calls for resumption of COVID-19 aid talks

FILE PHOTO: U.S. Speaker of the House Nancy Pelosi, joined by Senate Minority Leader Chuck Schumer, speaks to reporters in the U.S. Capitol in Washington, U.S. July 29, 2020. /Reuters U.S. Hou

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Liaison office director in HKSAR says U.S. sanctions futile as he has no assets abroad

Luo Huining, director of the Liaison Office of the Central People's Government in the Hong Kong Special Administrative Region (HKSAR), said on Saturday that the so-cal

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S. Africa hopes to ease access to COVID-19 loans amid low payouts

FILE PHOTO: South African Finance Minister Tito Mboweni. /Reuters South African banks and the government are looking for ways to boost take up of an up to 200 billion rand ($11.58 billion) loa

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China says safe to raise deficit ratio and issue special treasury bond

It is necessary and safe for China to properly increase deficit ratio and issue special treasury bonds to help stabilize China's economy and even the world economy amid the coronavirus pandemic, the

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U.S. makes over $500 billion in small business loans under COVID-19

VCG The United States has made over 500 billion U.S. dollars in loans to small businesses hit hard by the coronavirus pandemic and about 145 billion U.S. dollars remains in the congressionally

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Palestinian gov't to borrow 400 million USD from banks to combat COVID-19

The Palestinian government will borrow 400 million U.S. dollars from local banks during the coming six months to back its treasury amid the coronavirus crisis, a senio

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UK central bank to finance government spending in fighting coronavirus

The Treasury and the Bank of England agreed Thursday to temporarily extend the use of the Ways and Means (WM) facility, enabling the government to borrow from the bank