Govt's holding of US securities crosses $100 bn mark

Last Updated: Sunday, May 3, 2015, 11:34

Logging fresh one-year high, India's exposure to US government securities reached USD 101.7 billion as the country purchased nearly USD 10 billion worth bonds in just one month.

Japan tops China as biggest foreign holder of US bonds

Last Updated: Thursday, April 16, 2015, 04:07

Japan eclipsed China as the largest holder of US bonds in February, the Treasury Department reported Wednesday, the first time that has happened since August 2008.

US economic growth slows in Q4; corporate profits fall

Last Updated: Friday, March 27, 2015, 21:11

Gross domestic product expanded at a 2.2 percent annual rate last quarter, the Commerce Department said on Friday in its third estimate of GDP. That was unrevised from the forecast last month.

PayPal to pay $7.7 million in US Treasury sanctions case

Last Updated: Thursday, March 26, 2015, 10:11

PayPal, the electronic payments firm, agreed to pay $7.7 million to settle charges by the U.S. Treasury Department that it violated numerous sanctions programs against countries that include Iran, Cuba and Sudan, Treasury said on Wednesday.

US debt limit looms again: Jacob Lew warns on `brinksmanship`

Last Updated: Friday, March 6, 2015, 22:27

US Treasury Secretary Jacob Lew urged Congress Friday to avoid another disruptive battle over the country`s borrowing ability, which is scheduled to be capped in nine days.

US urges Greece debt negotiators to 'set aside rhetoric'

Last Updated: Saturday, February 14, 2015, 10:00

US Treasury Secretary Jacob Lew has urged all sides in Greece debt talks to focus on finding a solution to the crisis that risks pushing the eurozone country into default.

India, US will gain from each other's growth: Jacob

Last Updated: Wednesday, February 11, 2015, 19:02

Stating that India and the US are two important drivers of global growth, American Treasury Secretary Jacob J Lew on Wednesday said that both the countries will benefit from each other's growth.

Significant drop in US budget deficit

Last Updated: Wednesday, January 14, 2015, 10:28

The federal government uses a fiscal year that begins in October; on that basis, the 2014 fiscal year ended in September saw a deficit of USD 483 billion, the lowest of Barack Obama's presidency, it said.

India-US Investment Initiative launched ahead of Obama's visit

Last Updated: Tuesday, January 13, 2015, 10:06

Though announced during the White House meeting between Obama and Prime Minister Narendra Modi in September, the India-US Investment Initiative was formally launched Monday at Department of Treasury.

India cuts exposure to US govt securities at $77.5 bn in Oct

Last Updated: Sunday, December 21, 2014, 13:23

Apart from India, other BRICS nations -- Brazil, Russia, China and South Africa -- cut down their holdings of American government securities.

'Obama Administration to focus next 2 years on India-US trade ties'

Last Updated: Thursday, December 4, 2014, 09:13

Over the next two years, the Obama Administration would focus significantly on India-US economic and financial partnership and support the reform effort of the Indian government, a US official has said.

Explosion damages building, govt offices in Aizawl

Last Updated: Friday, January 31, 2014, 13:02

A powerful explosion at the central Treasury Square here damaged a building in the Assembly Secretariat and the Information and Public Relations office, police said today.