The Donald Trump administration has sanctioned four India-based companies and three Indian citizens for trading Iranian oil and petrochemicals. The US Treasury imposed the penalties under 'Operation Economic Outcast', targeting transactions worth…
US Defence Secretary Pete Hegseth has said Washington is 'by no means' ruling out kinetic strikes on Iran, including in the Strait of Hormuz, as the Trump administration ramps up both military…
China has said it remains actively committed to negotiations over Iran's nuclear programme, making the statement a day before US Treasury Secretary Scott Bessent is set to announce a strategy designed to…
Wall Street's main indexes closed modestly higher on Wednesday as a retreat in government bond yields boosted risk appetite, led by a record rally in Moderna shares after a cancer therapy trial…
Foreign holdings of US Treasuries fell by $72.1 billion in June from May, standing at $9.3 trillion, according to data released by the US Treasury Department on Monday. This marks a decline…
Treasury Secretary Scott Bessent says the US is preparing economic measures against Iran that will have 'never been seen' before, according to The Economic Times. Critics have received the claim with scepticism,…
Senator Elizabeth Warren has pressed Treasury Secretary Scott Bessent to explain the Trump administration's justification for intervening in the yen. In a letter dated August 13, the senior Democrat on the Senate…
US Treasury Secretary Scott Bessent has said the Trump administration will announce next week 'measures like have never been seen in the history of economic isolation' against Iran, as the war in…
Iran’s foreign ministry spokesman Esmail Baqaei mocked the US Treasury Secretary’s claim that sanctions are 'suffocating' Tehran, calling America's reliance on economic pressure a 'compulsive addiction' that has replaced real policy. In…
Treasury Secretary Scott Bessent declared the K-shaped economy dead, saying lower-income workers are finally regaining ground. Economist Robert Reich has pushed back forcefully, calling the claim 'hogwash'. He points to McDonald's earnings,…
