Trump Treasury Pick Bessent Backs Fed Independence, Dollar, Sanctions on Russian Oil
WASHINGTON (Reuters) -President-elect Donald Trump's pick for Treasury secretary, Scott Bessent, said on Thursday that the dollar should remain the world's reserve currency, the Federal Reserve should stay independent and that he is ready to impose tougher sanctions on Russia's oil sector.
Russia could run out of liquid reserves as soon as this fall, one European economist has said. The nation's liquid reserves have dwindled to $31 billion, down from $117 billion in 2021. Limited ...
High-ranking sources told independent Russian outlet Meduza that Russia's elites are disappointed the Ukraine war didn't end ...
The U.S. Federal Reserve announced on Friday it had withdrawn from a global body of central banks and regulators devoted to ...
The West has frozen $300 billion of Moscow’s assets, but Europe has stood in the way of using them.
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Biden’s use of the word “oligarchy” was no accident — it’s a direct reference to the form of government in Russia, whose ...
U.S. markets are reeling again Monday following economic data last week that reflected a still-thriving economy and labor ...
The potential impact of AI on business profitability and efficiency is an important part of our positive view for market ...
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The International Monetary Fund expects the world economy to grow a little faster and inflation to keep falling this year.
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