Economy News Headlines - Yahoo! News: U.S. optimistic for Chinese action on North Korea

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U.S. optimistic for Chinese action on North Korea Mar 22nd 2013, 03:12 BEIJING (Reuters) - The United States is optimistic China will take action against North Korea by increasing scrutiny of financial transactions to Pyongyang that could contravene fresh U.N. sanctions, a senior U.S. envoy said on Friday. Stopping illicit money flows are a key part of the sanctions imposed on North Korea in response to its February 12 nuclear test. China is Pyongyang's sole diplomatic and economic ally, although it negotiated the latest sanctions with Washington and has said it wanted them implemented. ... Media files: 2013-03-22T023302Z_1_CBRE92L073A00_RTROPTP_2_HSBC-SETTLEMENT.JPG (image/jpeg)

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