According to the US Treasury Secretary, the US would likely terminate an exception that allows Moscow to pay its international debts using dollars kept in the country, putting Vladimir Putin’s country at risk of default. “When we first imposed sanctions on Russia, we created an exemption that would allow a period of time for an orderly … Read more
If the wave of inflation gripping the eurozone doesn’t impede, ECB chief Christine Lagarde said on Friday she sees “a robust chance” that the bank will hike rates before 2022 ends. European international locations have visible charges rise after the pandemic extensively disrupted supply chains, and the state of affairs grew worse starting in past … Read more
When the Russian representative began his remarks at a closed-door G20 meeting in Washington, DC on Wednesday, finance ministers from a number of countries stormed out. US Treasury Secretary Janet Yellen participated in the walkout The other European and Western officials also participated in the meeting. US officials said that Yellen wiould not participate in … Read more
WASHINGTON: Lowering tariffs imposed by the former Trump administration on Chinese goods could help ease some inflationary pressures, US Treasury Secretary Janet Yellen has said. Yellen made the remarks on Thursday at Reuters Next, a virtual global conference held from Wednesday to Friday, during which she said the tariffs of up to 25 per cent on … Read more
WASHINGTON: US Treasury Secretary Janet Yellen said on Monday she expects the current record-high inflation to ease, with monthly rates falling back to 0.2 per cent or 0.3 per cent in the second half of 2022. “I’m hoping and expecting in the second half of next year, to see monthly CPI (consumer price index) rates coming … Read more
BEIJING: China’s vice premier Liu He held a call with US Treasury Secretary Janet Yellen on Tuesday to discuss trade issues, with both sides highlighting points of concern in their relationship, as they try to tread a new path after the upheaval of the Donald Trump era. In a video-call, the two held “pragmatic, candid and … Read more
