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The US Treasury Department on Friday said Vietnam, Switzerland and Taiwan tripped its thresholds for possible currency manipulation under a 2015 US trade law, but refrained from formally branding them as manipulators.
Malaysia, India, Singapore, Thailand among countries on "Monitoring List"
WASHINGTON: Taiwan and Thailand risk joining Vietnam and Switzerland in running afoul of U.S. currency manipulation triggers in Treasury Secretary Janet Yellen's first foreign exchange report, expected this week, but whether she applies that label is unclear.
SYDNEY and KUALA LUMPUR, Apr 14 - US Treasury Secretary Janet Yellen has urged all governments to support a global minimum corporate tax rate of at least 21%. The US is working with other G20 nations to get other countries to end the “thirty-year race to the bottom on corporate tax rates”.
A larger number of Asian countries and economies could join the ranks of those branded currency manipulators by the U.S. Treasury in the coming days, and yet that prospect is barely causing any concern in the region.
Federal Reserve chairman says a large-scale cyberattack now a bigger worry than a repeat of the 2008 financial crisis.
SINGAPORE: Banks are facing billions of dollars in losses after a little-known US investment firm, Archegos Capital Management, defaulted last month on margin calls, forcing a brutal near US$30bil (S$40.4bil or RM124.14bil) stock fire sale.
HONG KONG (AFP): Asian markets mostly rose Thursday (April 8) with traders keeping tabs on the progress of US President Joe Biden's huge infrastructure plan, while also taking heart from Federal Reserve meeting minutes reinforcing its intention to keep interests at record lows for an extended period.
WASHINGTON: US treasury secretary Janet Yellen says a rapid US economic recovery will boost overall global growth, but more work is needed to shore up weaknesses the global Covid-19 crisis exposed in the non-bank financial sector, supply chains and social safety nets.