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The Latest Breaking News from Janet Yellen

Yellen discusses price cap on Russian oil with UK's Zahawi - U.S. Treasury

U.S. Treasury Secretary Janet Yellen highlighted a proposed price cap on Russian oil on a phone call with British Finance Minister Nadhim Zahawi on Tuesday, a move to reduce the impact of the war in Ukraine on global energy prices.

Reuters

Yellen downplays US recession as wave of economic data looms

Treasury Secretary Janet Yellen says the U.S. economy is slowing but pointed to healthy hiring as proof that it is not yet in recession

The Independent UK

Yellen says signs of US recession aren’t in sight for now

WASHINGTON — Treasury Secretary Janet Yellen expressed confidence in the Federal Reserve’s fight against inflation and said she doesn’t see any sign that the U.S. economy is in a broad recession.

Tribune News Service

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Golden chance for NZ exports as West 'friend-shores' its supply chain

The US is leading calls to trade first with countries it knows and trusts. NZ must grasp opportunities to be part of such international supply chain resilience initiatives.

Newsroom.co.nz

U.S. Treasury's Yellen welcomes Ukraine debt freeze, calls on creditors to join

U.S. Treasury Secretary Janet Yellen on Wednesday said she welcomed a decision to suspend Ukraine's debt service obligations by a group of six creditor countries, including the United States, and urged other official and private creditors to join the effort.

Reuters

Yellen believes U.S. will get on board with global minimum corporate tax — eventually

Treasury Secretary Janet Yellen spoke to Morning Edition about global efforts to choke off much of Russia's profit from oil sales and the odds of a recession in the U.S.

WEKU

Promoting women will boost economic potential of U.S., S.Korea - Yellen

Boosting women's participation in the workforce and giving them more leadership opportunities would boost the economic potential of South Korea and the United States, U.S. Treasury Secretary Janet Yellen told a group of women entrepreneurs in Seoul.

Reuters

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US promotes ‘friend-shoring’ of trade with eye on China, Russia

US treasury secretary highlights economic threat posed by ‘unreliable countries’ during visit to South Korea.

Al Jazeera

Yellen says U.S. to work with Seoul to limit North Korea's nuclear ambitions

U.S. Treasury Secretary Janet Yellen said on Tuesday Washington will continue to work with South Korea to limit North Korea's development of nuclear and missile programs.

Reuters

Janet Yellen pushes to diversify global trade away from "unfair" China

"We cannot allow countries like China to use their market position in key raw materials, technologies, or products to disrupt our economy."

Axios

Yellen vows tough U.S. measures against countries abusing economic order

(Removes repeated sentence)

Reuters

Putin says progress in Ukraine grain talks thanks to Erdogan

Russian President Vladimir Putin on Tuesday thanked Turkish President Recep Tayyip Erdogan for mediating talks on the export of grain from Ukraine, saying there was some progress. Iran's Supreme Leader Ayatollah Ali Khamenei told Putin that Tehran and Moscow need to stay vigilant against "Western deception", calling for long-term cooperation…

France 24

For G20, Ukraine war an obstacle to cooperation on global economy

Finance ministers and central bank governors fail to sign communique amid divisions over Russia’s invasion of Ukraine.

Al Jazeera

Yellen calls out China trade practices in South Korea visit

Treasury Secretary Janet Yellen says the U.S. and South Korea should deepen their trade ties to avoid working with countries that use their market positions to unfair advantage

The Independent UK

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The Independent UK

US says talks with India on price cap on Russian oil ‘encouraging’

India has not made any promises on price cap but did not ‘express hostility to this idea’, US official says

Reuters

U.S. wants to end dependence on China rare earths

The United States wants to end its "undue dependence" on rare earths, solar panels and other key goods from China to prevent Beijing from cutting off supplies as it has done to other countries, U.S. Treasury Secretary Janet Yellen said.

Reuters

U.S., allies cannot allow China to dominate raw materials, technologies - Yellen

U.S. Treasury Secretary Janet Yellen will call on Tuesday for deeper trade ties among allies to fortify their supply chains, combat inflation and thwart China's "unfair trade practices" and efforts to dominate key raw materials and technologies markets.

Reuters

U.S.'s Yellen says any N. Korean nuclear test would be very provocative

The United States has further sanctions it could adopt against North Korea, U.S. Treasury Secretary Janet Yellen told Reuters on Monday, adding that any nuclear test by Pyongyang would be seen as very provocative.

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Asharq Al-Awsat

Oil Prices Extend Gains

Oil prices extended gains on Monday, propped up by a weaker dollar and tight supplies that offset concerns about recession and the prospect of widespread COVID-19 lockdowns in China again reducing fuel demand. Brent crude futures for September settlement rose 69 cents, or 0.7%, to $101.85 a barrel by 0421…

Tribune News Service

G-20 finance chiefs blame Russia as path to soft landing narrows

Finance chiefs from the world’s biggest economies lined up to blame Russia for the global inflation wave and sharply deteriorating growth outlook.

Tribune News Service

G-20 finance meeting ends without a communique but progress on food

Division over Russia’s war in Ukraine meant a meeting of Group of 20 finance chiefs ended without the usual communique, though there was incremental progress on issues such as food and energy security.

Tribune News Service

Yellen sees room for meaningful deal with Manchin over meds, ACA

WASHINGTON — U.S. Treasury Secretary Janet Yellen said the Biden administration can and should still move ahead with important legislation that will help lower costs for American consumers, despite the blow to a wider fiscal package from Democratic Sen. Joe Manchin of West Virginia.

Radio France Internationale

Few policy breakthroughs at G20 meeting amid divisions over war in Ukraine

Finance chiefs from the Group of 20 major economies have pledged to address global food insecurity and rising debt at a two-day meeting in Indonesia, but made few policy breakthroughs amid divisions over Russia's war in Ukraine.

The Independent UK

G20 finance meetings in Bali overshadowed by war in Ukraine

Financial leaders of the Group of 20 richest and biggest economies have wrapped up meetings on the Indonesian resort island of Bali without a final joint communique

Reuters

Yellen says she had 'productive' meetings on Russian oil price cap

U.S. Treasury Secretary Janet Yellen said on Saturday she had productive meetings about a proposed price cap on Russian oil with a host of countries on the sidelines of a meeting of the finance chiefs of the Group of 20 major economies.

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