Asian shares, dollar up as Fed may pause rate hikes
... Reserve minutes showing a pause to its rate hikes later this year. The euro has risen to its highest since April 25 as the dollar ... ... dollar going up to its highest since April 25. The broadest index of Asia-Pacific shares outside Japan rose by 1.5% in early trading,... ... as the Hang Seng tech index opened 4.5% higher. Secretary of State Antony Blinken said on Thursday that the United States will not block China from growing its economy, but ... ....61%, the S&P 500 gained 1.99% and the Nasdaq Composite 2.68%. Department store operator Macy's Inc, discount chains Dollar General ...
Updated: 05/27/2022
Russia doesn’t get a U.S. license to pay bondholders
The United States didn't extend its license to Russia Wednesday to pay bondholders, as part of sanctions against the country, edging Russia closer to debt default, according to a report. The United States didn't extend ... ... to pay $2 billion to international creditors before the end of the year. Since the first rounds of sanctions, the Treasury Department has given banks a license to process dollar-denominated bond payments from Russia with a temporary exemption. Default ...
Updated: 05/25/2022
World Bank announces additional $12 bn to fight food insecurity
The World Bank announced on Wednesday an additional $12 billion in funding to mitigate the effects of a growing global food insecurity caused by climate change and Russia's invasion of ... ... institutions for working swiftly to address the issues, according to the Treasury Department . Russia and Ukraine alone produce 30 percent of the world's wheat supply because of the Ukrainian war, experts warn. Secretary of State Antony Blinken is due to chair a UN meeting on global food security in New York...
Updated: 05/18/2022
Russia says it won't call any defaults on loans
... Minister Anton Siluanov said. A customer hands over Russian rouble banknotes and coins to a vendor at a market in Omsk. If the United States doesn't call itself in default, Russia will service its external debt obligations in roubles, Finance Minister Anton Siluanov ... ... on Russia will put a stop to transactions with Russia's finance ministry, central bank or national wealth fund. The Treasury Department's Office of Foreign Assets Control issued a waiver on March 2 that made an exception for the receipt of interest, dividend or maturity ...
Updated: 05/18/2022
Venezuela calls for total lifting of US sanctions
A worker at the Venezuelan state oil company PDVSA looks at the Iranian-flagged oil tanker ... ... the El Palito refinery in Puerto Cabello in the northern state of Carabobo, Venezuela on May 25, 2020. A worker at the Venezuelan ... ... state of Carabobo, Venezuela on May 25, 2020. A decision by the United States to ease oil sanctions on Venezuela has been made ... ... the country's oil, finance and trade sectors. The US Treasury Department has issued a license authorizing Chevron Corp , the ...
Updated: 05/18/2022
UK to regulate stablecoins after TerraUSD market crash
After the recent TerraUSD UST and TerraLU market crash, UK exchequer has said it will regulate ... ... shown their support for cryptocurrencies, despite the fact that there is still a lot of uncertainty surrounding the digital asset industry. One of these institutions is the Treasury Department Treasury Department of the UK. A Treasury spokesman issued a statement saying... ... cryptocurrencies. What are the Jurisdictions Plan for Stablecoins? Other countries, such as the United States, China, and Japan, have also made moves to regulate stablecoins. The US Treasury...
Updated: 05/17/2022
Treasury posts record April surplus
The Treasury Department said on Wednesday that the U.S. posted a $308 billion surplus in April, a record for the month since the COVID 19 epidemic.... ... month. Outlays fell 16% to $555 billion in April, reflecting lower spending for COVID 19 relief. For the first seven months of the 2022 fiscal year, the government reported a deficit of $360 billion, down 81% from the year-earlier deficit of $1.932 trillion....
Updated: 05/11/2022
US imposes sanctions on Islamic State financial facilitators
The Treasury Department was in Washington, DC on February 5, 2022. STEFANI REYNOLDS FSA WASHINGTON - The United States has imposed sanctions on a network of five Islamic State financial facilitators working in Indonesia, Syria and Turkey in support of members of the extremist militant group The Treasury Department was in Washington, DC on February 5, 2022. STEFANI REYNOLDS AFP WASHINGTON - The United ...
Updated: 05/10/2022
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