Tag
US Treasury Secretary Scott Bessent will meet China's Vice Premier He Lifeng in Seoul on May 13, ahead of a Trump-Xi summit in Beijing. The two chief trade negotiators are expected to finalize the summit agenda, with tariffs and economic issues likely at the center of discussions.
US Treasury Secretary Scott Bessent has ruled out sanctions relief for Russian and Iranian oil, keeping full economic pressure on both countries. The move removes a potential supply boost from global markets and raises costs for countries, including India, that rely on discounted Russian crude.
US Treasury Secretary Scott Bessent says the US is planning currency swap lines with Gulf and Asian partner countries. Swap lines give these nations easier access to dollars, reducing currency stress and signaling deeper US financial ties in key regions. Specific countries and timelines have not yet been confirmed.
Finance Minister Muhammad Aurangzeb met US Treasury Deputy Secretary Francis Brooke and AIIB President Zou Jiayi at the WB-IMF Spring Meetings in Washington. The meetings covered Pakistan's macroeconomic stabilisation, IMF programme support, and a $1.7 billion AIIB portfolio, with $1 billion more in the pipeline.
A U.S. sanctions waiver permitting the sale of Russian crude loaded between March 12 and April 11 expired on April 11, ending a legal window for in-transit transactions. Closure of this corridor tightens effective Russian crude supply and raises procurement costs for buyers who relied on discounted barrels during the w
Treasury Secretary Scott Bessent warned that buyers of Iranian oil, including China, face secondary sanctions as Washington enforces a maritime blockade on Tehran's exports. Banks handling Iranian funds are also at risk, widening compliance exposure across global energy finance. No enforcement actions have been announc
Tag
US Treasury Secretary Scott Bessent will meet China's Vice Premier He Lifeng in Seoul on May 13, ahead of a Trump-Xi summit in Beijing. The two chief trade negotiators are expected to finalize the summit agenda, with tariffs and economic issues likely at the center of discussions.
1mo ago · 3 min · Global Affairs
US Treasury Secretary Scott Bessent has ruled out sanctions relief for Russian and Iranian oil, keeping full economic pressure on both countries. The move removes a potential supply boost from global markets and raises costs for countries, including India, that rely on discounted Russian crude.
1mo ago · 3 min · Global Affairs
US Treasury Secretary Scott Bessent says the US is planning currency swap lines with Gulf and Asian partner countries. Swap lines give these nations easier access to dollars, reducing currency stress and signaling deeper US financial ties in key regions. Specific countries and timelines have not yet been confirmed.
2mo ago · 1 min · Global Affairs
Finance Minister Muhammad Aurangzeb met US Treasury Deputy Secretary Francis Brooke and AIIB President Zou Jiayi at the WB-IMF Spring Meetings in Washington. The meetings covered Pakistan's macroeconomic stabilisation, IMF programme support, and a $1.7 billion AIIB portfolio, with $1 billion more in the pipeline.
2mo ago · 1 min · Global Affairs
A U.S. sanctions waiver permitting the sale of Russian crude loaded between March 12 and April 11 expired on April 11, ending a legal window for in-transit transactions. Closure of this corridor tightens effective Russian crude supply and raises procurement costs for buyers who relied on discounted barrels during the w
2mo ago · 1 min · Global Affairs
Treasury Secretary Scott Bessent warned that buyers of Iranian oil, including China, face secondary sanctions as Washington enforces a maritime blockade on Tehran's exports. Banks handling Iranian funds are also at risk, widening compliance exposure across global energy finance. No enforcement actions have been announc
2mo ago · 1 min · Global Affairs
— End of feed —