Treasury
By Timothy Gardner and Daphne Psaledakis WASHINGTON (Reuters) -The United States imposed new sanctions on Russia’s Gazprombank on Thursday, the Treasury Department said, as President Joe Biden steps up actions to punish Moscow for its invasion of Ukraine before he leaves office in January. The move, which wields the department’s…
Donald Trump is yet to announce his pick for Treasury Secretary.Names in the frame include Scott Bessent, Howard Lutnick, Marc Rowan, and Kevin Warsh.Here is some of the sharpest analysis of who he should nominate.After announcing a swathe of names for his Cabinet, president-elect Donald Trump appears to be conducting…
Last week, Trump was said to be deciding between two leading candidates for Treasury Secretary.Reports say Trump has been having second thoughts and is expanding his search to four major prospects.Kevin Warsh and Marc Rowan have also been named as possible contenders.Two weeks after securing his return to the White…
Investing.com — U.S. stocks fell Wednesday as Treasury yields continued to climb on concerns about more shallow outlook for the Fed’s rate cut cycle. At 12:57 ET (16:57 GMT), the fell 235 points, or 0.6%, the index fell 17 points, or 0.3%, and the fell 88 points, or 0.5%. AT&T, Coca-Cola mixed fortunates…
By Alun John LONDON (Reuters) -U.S. share futures dropped, the dollar weakened and benchmark Treasury yields dipped as marginally-above-expectation U.S. inflation data and higher jobless claims did not challenge market bets the Fed will cut rates in November. Nasdaq futures were last off 0.6% and S&P500 futures dropped 0.4%, slightly…
By Alun John and Kevin Buckland LONDON/TOKYO (Reuters) -The benchmark rose to 4% on Monday, after last week’s U.S. labour market data dispelled fears of a recession and pared rate cut bets, supporting the dollar and keeping equities in check near record highs. Major data this week is not due…
A look at the day ahead in U.S. and global markets from Mike Dolan With any thought of U.S. recession off the agenda after a monster September jobs report, doubts about the extent of further Federal Reserve easing have inevitably re-emerged – and now need a cool inflation report this…
By Koh Gui Qing and Naomi Rovnick NEW YORK/LONDON (Reuters) -World stocks rose on Thursday and Treasury yields spiked after surprisingly strong U.S. retail sales data soothed fears about slowing economic growth, and tempered investor bets of imminent aggressive interest rate cuts. Retail sales increased 1.0% last month, well above…
(Reuters) – Treasury Wine Estates (OTC:), Australia’s leading winemaker, issued its first annual results since China removed punitive levies on Australian wine imports and forecast a strong fiscal 2025 as it re-establishes itself in its former biggest market. Here is a timeline of events over the past few years that…
By David Lawder WASHINGTON (Reuters) – The U.S. may need to take further and “more creative” actions beyond tariffs to protect U.S. industries and workers against China’s growing excess industrial capacity, the U.S. Treasury’s top economic diplomat said on Wednesday. Jay Shambaugh, Treasury Undersecretary for International Affairs, told a Council…
