111 stories found
Dr. Madanizadeh issued draft remarks responding to the U.S. Treasury Secretary's recent statements, suggesting that attempts to portray Iran's economy as isolated indicate policy frustration rather than strength.
Wall Street traders and strategists are interpreting recent actions by US Treasury Secretary Scott Bessent as fresh signals of anxiety regarding the bond market.
US Treasury Secretary Bessent confirmed that the US supported Japan's intervention in the yen market to help stabilize Asia, despite the yen's continued struggles. Bessent noted that the yen's level was problematic for Japan and other currencies, with 155 emerging as the next key test for the currency.
China's vice premier, US treasury secretary, and US trade representative held a video call where China voiced serious concerns regarding US trade restrictions.
Pakistan's finance minister held a meeting with the US treasury secretary, leading to new understandings and subsequent decisions made at the Economic Coordination Committee (ECC) meeting.
US Treasury Secretary Scott Bessent has signaled potential action against open-source artificial intelligence (AI) models, citing accusations that Chinese developers are creating low-cost systems using stolen US intellectual property.
The US Treasury Secretary announced a new gold coin featuring Donald Trump's portrait, to be released for the 250th anniversary of the USA, honoring the 'remaining legacy of freedom' and serving as a 'symbol of patriotism'.
Treasury Secretary Bessent stated that U.S. GDP growth can return to 3% before the end of the year.
On June 23, a book by two New York Times journalists about the second Trump administration will be released, in which they reveal very unpleasant details about US Treasury Secretary Scott Bessent.
US Treasury Secretary Bessent announced a plan to compensate America's Gulf regional allies using frozen funds, stating that 'Iran Will Pay' in a move to address tensions in the region.
The US Treasury Secretary has made statements regarding the Clarity ACT, suggesting that its provisions could bring about significant and lasting changes to the landscape of Bitcoin and cryptocurrency regulation.
The US Treasury Secretary announced plans to shut down Iranian airlines' access to landing spots and ticket sales, asserting that the Iranian economy is in 'free fall' due to ongoing blockades.
US Treasury Secretary Scott Bessent confirmed the extension of the sanctions exemption for Russian oil for an additional month. This decision has drawn comments from EU officials, suggesting a lack of complete agreement within the G7 on Russian sanctions policy.
South Korean President Lee Jae Myung is scheduled to meet visiting US Treasury Secretary Scott Bessent to discuss issues including US tariffs and the upcoming US-China summit. The meeting is expected to take place this week.
The US Treasury Secretary is scheduled to visit Japan from the 11th of this month to meet with Prime Minister Takaichi and Finance Minister Katayama, with discussions expected on the Iran situation and yen-dollar exchange rates.
A disagreement between the UK Chancellor and the US Treasury Secretary regarding criticism of the Iran war highlights the diverging positions of the two allied nations on the conflict.
A political dispute has erupted between US Treasury Secretary Scott Bessent and Senator Bernie Sanders concerning the invitation of Chinese scientists to a critical AI safety forum, with Bessent advocating against inviting foreign nationals while Sanders supports international cooperation.
Iran has seized multiple ships in the Strait of Hormuz, with Croatia confirming two nationals were aboard one vessel. Concurrently, Tehran announced it has begun collecting its first toll revenues from the strategic waterway, escalating regional tensions.
US Treasury Secretary Scott Besant announced that Washington will intensify its 'maximum pressure' policy to systematically limit Iran's ability to generate, transfer, and repatriate funds, confirming continued blockade of Iranian ports.
Multiple supertankers reportedly entered the Persian Gulf, challenging US sanctions and claims of a blockade on Iranian ports. This development comes as an advisor to Iran's Supreme Leader threatened to sink US naval vessels in the region.
Former US Treasury secretary Janet Yellen stated there is 'no alternative' to the dollar and urged US-China cooperation for global stability, warning against decoupling.
US Treasury Secretary Scott Besed stated that China has been an unreliable global partner during the Middle East war, accusing it of hoarding oil and restricting supplies. This comes amid ongoing geopolitical tensions.
With US Treasury Secretary Scott Bessent and Federal Reserve chair Jerome Powell reported to have held urgent talks over Anthropic’s latest artificial intelligence model, experts are warning that…
The US Treasury Secretary requested an urgent meeting with the leaders of the largest banks, they are concerned about the AI software of the blacklisted company
US Treasury Secretary Scott Bessent has defended the strategy of 'escalating to de-escalate' against Iran, stating that obliterating its power plants is the 'only language' the regime understands. Senator Ted Cruz reportedly urged Donald Trump to launch an Iran strike the day before the war.
US Treasury Secretary Scott Bessent has reiterated that the United States possesses 'plenty' of funds to finance a potential war with Iran, despite no formal funding request yet from the Trump administration, and promises Americans will not face tax hikes, with reports questioning if the conflict will end soon.
US Treasury Secretary Scott Bessent stated that the US has "plenty" of funds for the Iran war but is seeking more from Congress, while dismissing questions about possible tax increases.
US Treasury Secretary Scott Bessent stated that the US may soon remove sanctions on Iranian oil stranded on tankers, an action he believes will increase oil supply and lower prices, though long-term effects remain uncertain.
Trump may need to delay the trip to China due to coordinating the war effort in Iran, says US Treasury Secretary Scott Bessent.
US Treasury Secretary Scott Besed abruptly left a live interview after being informed that Donald Trump wanted to see him 'immediately.' Besed was speaking during a live broadcast when he received the urgent summons.
US Treasury Secretary Scott Besed stated that no price would make the war with Iran economically unfeasible, in response to a question from Sky News.
US Treasury Secretary Scott Bessent said the administration is exploring the possibility of easing sanctions on Russian oil to boost global supply and prevent shortages.
US Treasury Secretary Scott Bessent said Wednesday that a new US global tariff will likely rise to 15 percent from 10 percent "sometime this week," as President Donald Trump's administration is working to replace its emergency tariffs that the Supreme Court recently struck down. Bessent made the remarks in a CNBC interview, as Trump has said his administration will raise the temporary tariff amid efforts to maintain his trade policy following last month's court ruling against his use of the Inte
US Treasury Secretary Scott Bessent said that President Donald Trump’s plan to increase a broad 10 per cent tariff rate to 15 per cent is likely to be implemented this week. “That’s likely sometime this week,” Bessent said on Wednesday on CNBC in response to a question about when the increase to 15 per cent would be made. Bessent’s comments offer the clearest indication yet regarding when the US will follow through on Trump’s pledge to raise tariffs. The president last month imposed a 10 per...
The US Treasury Secretary anticipates that American tariffs will return to levels seen before a recent Supreme Court ruling, with changes expected to take effect this week.
Summers, who also resigned from the OpenAI board, will remain on leave until the end of the academic year.
Former US Treasury Secretary Larry Summers stops teaching at Harvard University after revelations about his connections to Jeffrey Epstein.
Two UAE-owned oil tankers were attacked while transiting the Strait of Hormuz, prompting condemnation from the UAE and other nations. In response, the US Treasury Secretary stated that the US would impose unprecedented measures on Iran.
US Treasury Secretary Scott Bessent confirmed that the US supported Japan's intervention in the yen market to help stabilize Asia, noting the yen's level was problematic and the intervention aimed to avert wider Asian instability.
Bitcoin's value has fallen due to fears of a carry trade unwind, compounded by pledges from the US Treasury Secretary for further intervention in the Japanese Yen market. These factors are contributing to volatility in the cryptocurrency market.
US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer have met with Chinese Vice Premier He Lifeng to prepare for President Xi Jinping's September visit to the United States, with new trade agreements on the agenda for the Trump administration.
US Treasury Secretary Scott Bessent met with Pakistan's Finance Minister Muhammad Aurangzeb and welcomed the country's progress in implementing economic reforms and preparing for a return to international capital markets.
Pakistan's Finance Minister informed the US Treasury Secretary that the country is transitioning from macroeconomic stabilization to sustainable, export-led growth and is seeking US support for better access to global capital markets.
The US Treasury Secretary's 'yes, sir' comment has been linked to a significant increase in the US trade surplus with Spain and a sharp decline in US investment in Spain, following a year of tension.
US Treasury Secretary Scott Bessent stated that China surpassing the United States in artificial intelligence poses the "biggest risk" of the technology, outweighing concerns about safety or job losses.
US Treasury Secretary Scott Bessent stated that Gulf countries would be compensated for damages caused by Iranian attacks, with funds taken from frozen Iranian bank accounts.
Former US Treasury secretary Henry Paulson urged Washington and Beijing to manage their escalating strategic competition, warning that deepening distrust poses a greater risk than trade imbalance and could lead to broader conflict.
US and Iranian officials have reportedly reached a tentative ceasefire deal, but its approval remains uncertain as it awaits a final decision from President Trump. The potential agreement has also influenced oil prices.
China has expressed willingness to work with the US on slashing tariffs, while the US Treasury Secretary indicated no rush to extend a trade truce. Discussions continue amidst a broader debate on whether the West is de-risking from or containing China's economy.
The US Treasury Secretary, during a meeting with the Bank of Japan Governor in Paris, reiterated concerns that excessive fluctuations in currency exchange rates are undesirable.
Japan's finance minister stated that US Treasury Secretary Bessent offered 'understanding' regarding Japan's yen policy following their meeting, as the currency continues to weaken.
Rachel Reeves and Scott Bessent reportedly had an argument in Washington following criticism from the Chancellor regarding the Iran war, with Ms Reeves asserting she does not work for the US Treasury Secretary.
Chinese Vice-Premier He Lifeng held a video meeting with US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer, during which China expressed "serious concern" over US restrictions.
US envoys are traveling to Islamabad for potential talks, but Iran's foreign minister, also in Pakistan, has ruled out direct negotiations with the American delegation. This creates uncertainty about the format and outcome of any diplomatic efforts.
US Treasury Secretary Scott Bessent has called on a Senate panel to pass comprehensive legislation for the crypto market, emphasizing the need for a clear regulatory framework.
China's economy grew by 5% in the first quarter, surpassing forecasts despite regional conflicts. This strong performance indicates a robust start to the year for the nation's economy.
Treasury Secretary Scott Bessent has stated that the Trump administration expects banks to comply with a directive to collect citizenship information from their customers.
Hungarian opposition figure Peter Magyar announced plans to suspend state television and radio broadcasts, promising to reform public media to ensure press freedom and truth for Hungarians. This pledge comes amidst political discussions involving figures like Donald Trump and Serbian President Vučić regarding Hungarian politics.
The US Treasury Secretary reportedly convened an emergency meeting with financial leaders to discuss potential risks to the financial system posed by Anthropic's new AI model, particularly concerning its possible misuse in cyberattacks.
The US Treasury Secretary has convened a meeting with US bank CEOs to discuss the cyber risks posed by Anthropic's latest AI model, which has identified decades-old vulnerabilities, following an urgent warning from authorities.
The Italian Embassy in New Delhi is celebrating 'Made in Italy Day' on April 15, coinciding with Leonardo da Vinci’s birthday, to safeguard and promote Italian excellence.
US Treasury Secretary Scott Bessent says relaxing restrictions on Russian oil may bring limited additional revenue to Moscow due to lower global prices.
The US Treasury Secretary stated the government has funds for a war with Iran but is requesting an additional $200 billion from Congress for future military equipment, ruling out tax increases.
US Treasury Secretary Scott Bessent stated that the Trump administration is "winning this crucial fight at an even faster pace than anticipated" through "Operation Epic Fury," calling Iran the "head of the global terrorism snake."
US Treasury Secretary Scott Bessent, a minister in the Trump administration, commented on 'desertion at all levels' within Iran and suggested that an important Iranian island might become US property.
Trump-Xi meeting could be delayed, White House says The Straits Times
Indian source says Iran to allow India-flagged tankers to pass through Strait of Hormuz Daily Mirror - Sri Lanka
As the Iran-Israel war in the Middle East squeezes global oil supply, the Trump administration hosted Latin American leaders and the US treasury secretary pivoted from a tone of authority to one of partnership - a shift in language.
India received temporary relief in energy supply on Friday after US Treasury Secretary Scott Besent announced a 30-day exemption allowing Indian refineries to purchase...
US Treasury Secretary Scott Bessent indicated that President Trump's plan to raise universal tariffs to 15% could be implemented this week, with authorities aiming to reinstate previous tariffs within five months.
US Treasury Secretary Scott Bessent announced that President Donald Trump's recently proposed global 15% tariff will be implemented this week, also predicting an increase in US customs revenue.
US Treasury Secretary Bessent says oil market well supplied amid Iran war Reuters
Larry Summers, former US Treasury Secretary and top economic advisor to Barack Obama, announced his difficult decision to retire from Harvard University at the end of the academic year, following the revelation of his connections to Jeffrey Epstein.
The former US Treasury Secretary has resigned from his position at Harvard following connections to Jeffrey Epstein.
The European Central Bank is reportedly angered by US Treasury Secretary Bessent's decision to sell Euros in order to support the Japanese Yen, calling it an "unprecedented breach."
The US is reportedly nervous as confidence in American national debt has fallen. The US Treasury Secretary is supporting the Japanese currency to prevent Japan, the largest foreign holder, from selling its US Treasuries, which could lead to significant costs.
A 'to-do' list belonging to US Treasury Secretary Scott Bessent, photographed by Reuters, revealed a proposal for the US to purchase $5-10 billion of Japanese yen, raising questions about US financial plans.
Chinese Vice Premier He Lifeng conveyed "serious concern" regarding recent US measures against Beijing during a phone call with US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer.
Remarks from the U.S. Treasury Secretary have been identified as a 'major catalyst' contributing to a recent surge in Bitcoin's price.
US Treasury Secretary Scott Besent announced a significant reduction in China's purchases of Iranian oil, according to a statement on Tuesday.
US Treasury Secretary Scott Bessent issued a warning to oil and gas companies, urging them to lower prices, following previous criticism from Trump regarding slow price drops.
Japanese Finance Minister Katayama met with US Treasury Secretary Bessent to exchange views on currency market trends. Katayama stated that Japan would take decisive action on the foreign exchange market and that the Japan-US agreement remained unwavering.
The US Treasury Secretary has announced that the United States will compensate Gulf countries for damages using Iranian funds. This move aims to address financial grievances among allies in the region.
The US Treasury Secretary announced the seizure of approximately $1 billion in Iran's crypto holdings. Iran responded by quoting Shakespeare, calling the US a "dwarfish thief."
Iran's Foreign Minister Spokesperson has condemned what he described as unlawful US Treasury secretary's threats against Oman, considering them against the UN Charter.
Top European finance ministers have privately appealed to US Treasury Secretary Scott Bessent, urging the US administration to bring an end to the war with Iran.
The US Treasury Secretary reported that oil loading at Iran's Kharg Island has ceased for three days, indicating a significant disruption to the country's oil production and exports.
片山財務大臣は、日本を訪れているアメリカのベッセント財務長官と会談しました。外国為替市場で日本が先月、市場介入を実施する中、最近の為替の動向などについて意見を交わし、片山大臣は日米間の連携についてアメリカ側から全面的に理解を得たと明らかにしました。
The US Treasury Secretary connected the freedom of navigation in the Strait of Hormuz to India's LPG requirements and accused China of financially supporting Iran, labeling Iran as the largest state sponsor of terrorism.
US Treasury Secretary Scott Bessent stated that intensified financial pressure and measures to dismantle networks supporting the Iranian economy would soon force Iran to reduce its oil production.
EU Trade Commissioner Maroš Šefčovič stated his clear conviction that there will be no additional suspension of sanctions on Russian oil, following discussions with US Treasury Secretary Scott Bessent.
John Phelan, the US Navy Secretary, has been ousted from his position, with reports citing a clash with Pentagon leadership and the ongoing naval blockade of Iran as contributing factors. Hung Cao has been named as the interim US Navy Secretary following Phelan's departure.
US sanctions against Iran's oil industry have intensified tensions, particularly concerning the Strait of Hormuz, a critical shipping lane. Iran has responded with proposals for safe passage and threats against US vessels if control of the strait is challenged.
US Treasury Secretary Scott Bessent provided an update on "Trump accounts," stating that over 5 million individuals signed up via Form 4547 by the April 15 tax deadline, with a $1,000 child benefit as an initial offering.
The US Treasury Secretary stated that a 'small bit of economic pain' is a worthwhile cost to ensure long-term security and eliminate the threat of Iranian strikes on Western capitals.
US Treasury Secretary and Federal Reserve Chair held an urgent meeting with top bank CEOs to caution them about cybersecurity concerns posed by Anthropic's new AI model, which can identify software vulnerabilities.
US Treasury Secretary Scott Bessent and Federal Reserve Chairman Jerome Powell held an emergency meeting this week with bank CEOs to warn them about...
A Russian tanker carrying crude oil has arrived in Cuba, marking the first delivery in nearly three months despite a US blockade, with Moscow vowing to provide further supplies. Former President Trump stated he has 'no problem' with the Russian oil tanker bringing relief to Cuba.
The US-Israel alliance in the Iran conflict continues to face scrutiny, with a former US counterterror chief discussing Israel's influence and the US Treasury Secretary defending attacks on Iranian infrastructure, stating that escalation is sometimes necessary for de-escalation.
US Treasury Secretary Scott Bessent has reiterated that the United States possesses ample funds to finance the Iran war, even as a $200 billion additional funding request faces stiff opposition in Congress.
Chinese FM responds US Treasury Secretary Bessent’s claims that US may lift sanctions on Iranian oil already at sea Global Times
US Treasury Secretary Scott Bessent said Thursday that Washington might "unsanction" Iranian oil that is already being shipped, as energy prices soar due to the war in the Middle East. The post…
US Treasury Secretary Scott Bessent left a live Sky News interview after being urgently summoned to meet US President Donald Trump at the White House.
US Treasury Secretary Scott Bessent firmly rejected the notion that a war with Iran could become economically unfeasible for the United States, stating "absolutely not" when asked about potential financial limits.
Congress criticizes the Modi government, calling Prime Minister Modi's actions "cowardly" after the US Treasury Secretary praised India for agreeing to halt Russian oil imports.
US Treasury Secretary Scott Bessent said the waiver is intended to ensure oil continues flowing into global markets amid the ongoing Iran war.
US Treasury Secretary Bessent indicated on the 4th that the 10% tariff measure currently applied to a wide range of countries, including Japan, could be raised to 15% as early as this week.
Scott Bessent, tasked by Trump to sever trade ties with Spain, stated that Spain 'acted terribly' and was 'taking advantage' within the NATO framework, putting American lives at risk.
Larry Summers, former US Treasury Secretary and Harvard President, announced his retirement from teaching at the end of the academic year due to controversies surrounding his correspondence with Jeffrey Epstein.
Former US Treasury Secretary Larry Summers plans to resign from his professorship at Harvard University at the end of the academic year, following his involvement in the Jeffrey Epstein case.
Sources indicate that the US Treasury Secretary initiated a yen-dollar rate check in January, signaling attention to currency movements.