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US Treasury

New US sanctions target Iran-Taliban ties

WASHINGTON: The US Treasury and allies in the Gulf took aim at Iran’s support for the Taliban on Tuesday with new sanctions against nine individuals from both countries. The Riyadh-based Terrorist Financing Targeting Center (TFTC) said the sanctions aimed to “expose and disrupt Taliban actors and their Iranian sponsors that seek to undermine the security of the Afghan Government.” The list inc­l­u­­ded two Iranian Revolu­tionary Guard officials identified as Mohammad Ebra­him Owhadi and Esma’il Razavi. According to…

Accused Russian agent Butina met with US Treasury, Fed officials

WASHINGTON: Accused Russian agent Maria Butina had wider high-level contacts in Washington than previously known, taking part in 2015 meetings between a visiting Russian official and two senior officials at the US Federal Reserve and Treasury Department. The meetings, revealed by several people familiar with the sessions and a report from a Washington think tank that arranged them, involved Stanley Fischer, Fed vice chairman at the time, and Nathan Sheets, then Treasury undersecretary for international affairs. Butina…

Asian stocks pull ahead as dollar edges back, US yields resume climb

SINGAPORE: Asian stocks advanced on Friday as the Thanksgiving break in the United States helped slow a relentless surge in the dollar that has sucked capital out of most emerging markets. The respite for Asian assets may be short-lived, however, with US Treasury yields resuming their climb after the holiday as investors bet that President-elect Trump will adopt policies that increase spending and debt, as well as spur higher growth and inflation. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.3…