Tag: treasury
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Trump says Treasury’s Bessent will not be his AI czar
WASHINGTON, Sept 25 : Scott Bessent will not be Donald Trump’s AI czar, the Republican president said on Friday, adding that he wants his US Treasury secretary to remain in his current role. “Scott Bessent will not be going to be Super Intelligence (SI) Czar. Number One, he doesn’t want to. Number Two, he�
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Oil, Treasury yields turn higher as stocks falter
Sept 9 : Brent crude prices surged past $100 a barrel on Wednesday and the yield on 10-year Treasury debt hit its highest level since November 2023, as Middle East and inflation concerns weighed down Wall Street.Brent crude was at $100.27 per barrel in midday trading, up 2.4 per cent on the day, breaching th
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Bessent meets BOJ’s Ueda, calls for sound policy to avoid currency volatility, Treasury says
ASHEVILLE, North Carolina, Sept 1 : U.S. Treasury Secretary Scott Bessent called for sound monetary policy to anchor inflation expectations and avoid excessive currency volatility during his meeting with Bank of Japan Governor Kazuo Ueda, the Treasury Department said on Tuesday.The remarks, which underline Be
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Bessent says disorderly yen moves can destabilize global markets
Aug 29 : U.S. Treasury Secretary Scott Bessent said disorderly moves in the yen could trigger “forced unwinds” of positions that risk destabilizing global markets and ultimately raising borrowing costs for U.S. households and businesses. Bessent made the comments in a letter dated August 27 and posted on h
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US designates Palestine Action a terrorist group
Supporting Palestine Action became illegal in the UK in 2025 after the government banned it under anti-terror legislation.
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Dollar edges higher as investors weigh Iran sanctions, Treasury buybacks
Aug 25 : The U.S. dollar regained some strength on Tuesday, as investors parsed Washington’s expanded sanctions against Iran and renewed efforts to ease pressure on longer-dated Treasury yields, while cryptocurrencies extended a rally on debasement fears.U.S. Treasury Secretary Scott Bessent unveiled an expan
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Dollar inches up as markets weigh Iran sanctions, Treasury buybacks
HONG KONG, Aug 25 : The U.S. dollar regained some strength on Tuesday, as investors parsed Washington’s expanded sanctions against Iran and renewed efforts to ease pressure on longer-dated Treasury yields, while cryptocurrencies extended a rally on debasement fears.U.S. Treasury Secretary Scott Bessent unveil
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Dollar struggles for traction as markets weigh Iran sanctions, Treasury buybacks
HONG KONG, Aug 25 : The U.S. dollar struggled to hold onto gains against major peers on Tuesday, as investors parsed Washington’s expanded Iran-related sanctions and renewed efforts to ease pressure on longer-dated Treasury yields. The euro was a shade higher at $1.1668, hovering near a three-month peak hit l
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Trading Day: Tech, tariffs & Treasuries
ORLANDO, Florida, Aug 24 : U.S. bond yields fell and tech weighed on U.S. stocks on Monday, as investors digested a raft of economic measures and developments coming out of Washington: U.S. Treasury’s plans to increase buybacks of long-dated bonds, new ‘economic D-Day’ sanctions to isolate Iran, and the threat of ne
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Dollar higher after Iran sanctions, loonie drops after US announces tariff increases
NEW YORK, Aug 24 : The U.S. dollar advanced on Monday, coming off its third weekly decline in four that sent the greenback to three-month lows after President Donald Trump’s administration announced an expansion of sanctions on Iran and separate tariffs on goods from Canada.The greenback extended gains after
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