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The Latest Breaking News from US Treasury

World Bank chief says will keep 'intense' focus on addressing climate change

World Bank President David Malpass said on Friday that he was keeping an "intense" focus on the bank's efforts to address climate change and was embracing the U.S. Treasury's call to dramatically boost lending capacity to address this and other global problems.

Reuters

US sanctions Myanmar businessmen over alleged Russian arms deals

US Secretary of State Anthony Blinken says sanctions take aim at Russia and Belarus’ support for Myanmar military.

Al Jazeera

Bank Of England Begins Purchasing UK Bonds To Stabilize Market, 10-Year US Treasury Rates Hit 4%

Bond market volatility continued on Wednesday morning after the Bank of England stepped in to take action to stabilize spiking U.K. gilt yields.

Benzinga

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It’s every nation for itself as dollar batters global currencies

Nations are being forced to go it alone in erecting defenses against the relentless strength of the almighty greenback, with no sign that governments are willing to act in concert.

Tribune News Service

US Puts Sanctions on Iran's Morality Police

The United States on Thursday imposed sanctions on Iran's morality police accusing it of abuse and violence against Iranian women and of violating the rights of peaceful Iranian protesters, the US Treasury said. It held the morality police responsible for the death of Mahsa Amini, 22, who died in custody…

Asharq Al-Awsat

Saudi Holdings of US Treasury Bonds Rise to Highest Level since Beginning of 2022

Saudi Arabia increased its holdings of US Treasury bonds in July for the second month in a row, achieving the highest level since September 2021. Monthly US Treasury data indicated that the Kingdom’s holdings of bonds increased by about $121.6 billion at the end of July, the highest level recorded…

Asharq Al-Awsat

Russia vows to continue Mir bankcard expansion after new U.S. sanctions

Russia's central bank on Friday pledged to keep expanding the number of countries that accept its Mir bank cards after new U.S. sanctions targeting people and entities accused of helping Moscow skirt financial sanctions.

Reuters

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Dramatic moment Spanish cops arrest Scots couple accused of gangland money laundering

Johnny Morrissey was handcuffed, alongside his wife Nicola, at dawn before being led away by a crack team of Spanish investigators.

Daily Record

US Sanctions IRGC-Affiliated Individuals, Entities for Malicious Cyber Acts

The US Treasury imposed new sanctions on the Iranian Revolutionary Guards Corps (IRGC) for their role in malicious cyber acts. The Department of the Treasury's Office of Foreign Assets Control (OFAC) sanctioned ten individuals and two entities for their roles in conducting malicious cyber acts, including ransomware activity. The Treasury…

Asharq Al-Awsat

REITs Versus Bonds As Yield Investments

Investors who are seeking the highest — but safest — yields possible eventually compare real estate investment trusts (REITs) with bonds. This is especially true for retirees who want to make the most of their retirement funds. They want the highest yields possible, but they don’t want to risk their…

Benzinga

The G7's price cap on Russian oil begins to take shape

The Group of Seven countries is working to cap the price of Russian oil in an attempt to limit Moscow's ability to fund its invasion of Ukraine, a plan analysts say could work in the long term but might boost oil prices in coming months.

Reuters

US Sanctions Iranian Company That Shipped Drones to Russia

The United States on Thursday placed sanctions on an Iranian company that helped to ship drones to Russia for use in Ukraine, and warned non-Iranian firms against becoming involved in the trade. The US Treasury said it had placed Tehran-based Safiran Airport Services on its sanctions blacklist, two months after…

Asharq Al-Awsat

Bitcoin, Ethereum, Dogecoin Crash On Rising Treasury Yields — Analyst Says Apex Coin Could Fall Below $17,600 If This Happens

Major coins dropped sharply Tuesday evening as the global cryptocurrency market cap declined 4.2% to $948 billion at 8:30 p.m. EDT.

Benzinga

Türkiye Downplays US Sanctions Threat over Russia Ties

Türkiye’s Treasury and Finance Minister Nureddin Nebati told businesses on Friday they should not be concerned by the threat of sanctions that Washington warns will follow if they do business with sanctioned Russians. Nebati’s Twitter comments represent Ankara’s first official response to a letter the US Treasury sent to Turkish…

Asharq Al-Awsat

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Reuters

Turkey dismisses 'meaningless' concerns over U.S. sanctions warning

Turkey's Finance Minister on Friday dismissed as "meaningless" concerns among Turkish businesses over a U.S. Treasury warning that they risked being penalised if they maintained commercial ties with Russians under sanctions.

Asharq Al-Awsat

US Warns of Sanctions Against Türkiye over Russia Ties

Türkiye's top business association has confirmed receiving a letter from the US Treasury warning of possible sanctions if it continues doing business with Russia. Washington is growing increasingly alarmed that the Russian government and businesses are using Türkiye to evade Western financial and trading restrictions imposed in response to the…

StockNews.com

2 Precious Metals Funds to Brighten Your Portfolio. And 1 Dud to Avoid

The precious metal market has softened due to the ongoing rate hikes. However, gold has shown resilience and could thrive if the Fed eases its policy tightening. Hence, we think gold funds Pacer iPath Gold Trendpilot (PBUG) and FT CBOE Vest Gold Tactical Buffer (BGLD) might be solid buys. However,…

Benzinga

Ronin Bridge Hackers Converted Most Loot Into Bitcoin: Report

The hackers who stole $625 million in Ethereum (CRYPTO: ETH) and USD Coin (CRYPTO: USDC) from Axie Infinity's Ronin bridge in March this year have converted the majority of their holdings into Bitcoin (CRYPTO

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Reuters

Factbox-Who is Alexander Dugin, Russian nationalist whose daughter died in car bomb attack?

Darya Dugina, the daughter of ultra-nationalist Russian ideologue Alexander Dugin, was killed in a suspected car bomb attack outside Moscow on Saturday evening. Acquaintances of Dugina said the car she was driving belonged to her father and that he was probably the intended target.

Evening Standard

Daughter of key Putin ally ‘killed by car bomb’, Russia says

Alexander Dugin has previously called for the unification of Russia and other Russian-speaking countries

Asharq Al-Awsat

Saudi Holdings of US Treasuries Increase to $119.2 Billion in June

As Saudi Arabia’s holdings of US Treasury bonds rose to more than USD119.2 billion in June, registering an increase of USD4.5 billion from May, the Public Investment Fund (PIF) revealed moves to seize opportunities and diversify investments in order to acquire 6.5 million shares in the US market, distributed among…

Tribune News Service

India says US raised concern over processed Russian oil shipment

NEW DELHI — The U.S. expressed concern that an Indian company hid the origin of Russian oil, processed it and shipped some products to New York, according to a deputy governor of India’s central bank.

The Guardian - UK

Meta’s BlenderBot 3 wants to chat – but can you trust it?

Facebook’s parent company has created a bot capable of weighing in on almost any topic – from radicalisation to sending Mark Zuckerberg to jail

ABC News

US cracks down on crypto service Tornado Cash over 'money laundering' links to North Korean hackers

The US Treasury imposes measures over its alleged use by cyber criminals and North Korean hackers.

Daily Mirror

Prince Charles charity 'accepts £3million pledge from billionaire Russian oligarch'

Viatcheslav Moshe Kantor, who was sanctioned by the UK following the Russian invasion of Ukraine, is understood to have pledged £3 million to the Prince's Foundation

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