Latest US Development Finance Corporation News & Updates

Washington, July 23 (IANS) US Secretary of State Marco Rubio on Thursday reaffirmed the Trump administration’s commitment to Southeast Asia, announcing billions of dollars in strategic investments for the region while warning that Iran’s actions in the Strait of Hormuz posed a threat to global trade and freedom of navigation. Addressing the ASEAN Post-Ministerial Conference with the United States in Manila, Rubio said Washington viewed ASEAN as its primary mechanism for engagement in the Indo-Pa…

Washington, July 16 (IANS) A bipartisan group of US senators has unveiled legislation to increase scrutiny of foreign ownership in America’s pharmaceutical industry, warning that growing dependence on China for critical medicines and drug ingredients poses risks to US national security and public health. The proposed Pharmaceutical Investment Oversight and Accountability Act, introduced by Senate Special Committee on Aging Chairman Rick Scott along with Ranking Member Kirsten Gillibrand and Sena…