The first batch of designations target 39 people or entities, including Syrian regime leader Bashar al Assad personally as well as his wife Asma — the first time she has been targeted by US sanctions.
Experts say such threats are not new to the country and its banking regulator knows how to deal with such unethical financial conduct.
Americans stare at a future full of obstacles as unemployment exceeds 16 percent and household debt crosses the $14 trillion mark.
Islamic finance – an amalgamation of Sharia law and modern banking – has become a $2 trillion business over the past two decades, covering everything from bonds to buying cars.
"The sovereign ratings on the US reflect its diversified and resilient economy, extensive monetary policy flexibility, and unique status as the issuer of the world's leading reserve currency," the dollar, S&P said in a statement.
Mirroring the emptying of supermarket shelves around the world, indebted corporates have rushed into money markets to hoard dollars, with a global shortage of greenback funding threatening to cripple firms from airlines to retailers.
The Federal Reserve took emergency action to help the economy withstand the coronavirus by slashing its benchmark interest rate to near zero and saying it would buy $700 billion in Treasury and mortgage bonds.
US President Donald Trump’s Europe travel ban announced sent all three major US stock indexes into a tailspin, slamming the book on the longest-running US bull market on record.
Leaked documents revealed that the daughter of Angola's former president Isabel dos Santos made her fortune through corruption and exploiting her own country’s natural resources.
The preliminary pact that the two sides are set to sign this week includes a section that's intended to prevent China from manipulating its currency to gain trade advantages.
Big pay rises are in store for players at January's Australian Open with organisers announcing a boost in the total purse to almost $50 million.
Beijing is often accused of using loans to entrap economically vulnerable countries, but on closer inspection, it doesn't come across as a predatory lender.
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