Tough Talk on China
October 16th, 2012
07:58 PM ET

Tough Talk on China

By Charles Riley, reporting from Hong Kong

President Obama and Mitt Romney each used their second presidential debate to talk tough on China.

Romney pledged that he would label China as a currency manipulator on his first day in office - a promise he frequently works into his campaign speeches. And he accused China of "stealing" designs, patents and technology pioneered by U.S. companies.

"There's even an Apple store in China that's a counterfeit Apple store, selling counterfeit goods," Romney said. "They hack into our computers. We will have to have people play on a fair basis."

Obama was more circumspect in his use of language, but he touted the trade complaints his administration has filed against China over auto parts. Obama also recently blocked the sale of American wind farm companies to a Chinese firm.

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Filed under: 2012 Election • China • Obama • Romney
Bank pays massive fine for dealings with Iran and Cuba
June 12th, 2012
02:33 PM ET

Bank pays massive fine for dealings with Iran and Cuba

By Charles Riley

ING Bank has agreed to pay a $619 million penalty for moving billions of dollars through the U.S. financial system at the behest of Cuban and Iranian clients, acts that violated economic sanctions.

In addition, the Dutch bank admitted to falsifying the records of New York financial institutions, according to the Manhattan District Attorney, who was joined by the Department of Justice in announcing Tuesday's settlement.

Read the whole story on CNNMoney

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Filed under: Cuba • Iran • Sanctions