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Treasury Dept. Says China Moving to Better Exchange Rates
November 28, 2012 by Mike Feazel|Treasury Dept.

The Treasury Department again declined to declare China a currency manipulator, despite finding continued undervaluation of the renmenbi, in its latest semiannual report on international exchange rates and their effect on trade. Because of China's actions to appreciate its currency and move to a more market determined exchange rate, the RMB has appreciated by 9.3 percent in nominal terms and 12.6 percent in real terms against the dollar since June 2010, according to the report. China's trade and current account surpluses both have fallen to 2.6 percent of GDP from peaks of 8.8 and 10.1 percent of GDP, respectively, the report said.

Treasury Releases Current Boycott List
November 15, 2012 by Mike Feazel|Treasury Dept.

The Treasury Department released a current list of countries which require or may require participation in, or cooperation with, an international boycott as defined by the Internal Revenue Code. The list includes Iraq, Kuwait, Lebanon, Libya, Qatar, Saudi Arabia, Syria, United Arab Emirates and Yemen.