Years of US fines over Iran loom for foreign banks like Deutsche Bank, Intesa San Paolo

LONDON/FRANKFURT: For years, the United States struggled to get foreign bankers to comply with its effort to throttle Iran's economy - but a couple of billion dollars in fines, not to mention lurid headlines and talk of jail time, has suddenly got their attention.

US says China not seeking trade edge with weak yuan

WASHINGTON: The United States ruled on Friday that China was not manipulating its currency to gain an unfair trade advantage but it called the yuan "significantly undervalued" and vowed to press the Asian power for currency reforms.