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The Latest Breaking News from US Treasury

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

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.

Reuters

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…

Asharq Al-Awsat

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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,…

StockNews.com

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

Benzinga

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.

Reuters

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

Evening Standard

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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…

Asharq Al-Awsat

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.

Tribune News Service

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

The Guardian - UK

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.

ABC News

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

Daily Mirror

Benzinga Before The Bell: Twitter Shareholder Proposal Date Set, T-Mobile's Strong FY22 Outlook, Shopify's Job Cuts And Other Top Financial Stories Wednesday, July 27

Reuters Monkeypox Emergency Could Last Months, According To Experts

Benzinga

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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WEKU

The federal government will allow states to stop charging families for foster care

Following an NPR investigation, the Department of Health and Human Services issued guidance to state and county officials that lets them stop charging parents whose children are placed in foster care.

Axios

U.S. blocks $1 billion in Delaware trust linked to Russian oligarch with ties to Putin

A seized superyacht that U.S. officials say is linked to Suleiman Kerimov is also in U.S. custody.

The Independent UK

UK maritime insurers to play key role in slowing Putin’s oil money

Lack of shipping insurance would hamper Russian oil deliveries to non-Western countries

Daily Mirror

Tyson Fury’s dad appears to confirm heavyweight champion's American travel ban

Fury's father John has seemingly confirmed that the heavyweight champion has been banned from flying to the US, when discussing his son Tommy's potential fight with Jake Paul in August

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The Guardian - UK

Russian emails appear to show ‘network’ holding $4.5bn assets linked to Putin

Exclusive: Questions over palaces, vineyards and yachts run by entities that appear to be part of a cooperative

Irish Mirror

Tyson Fury's promoter Frank Warren responds to claim heavyweight was 'banned from entering' US over Daniel Kinahan links

The news broke just weeks after boxing advisor Daniel Kinahan was sanctioned by the US Treasury who named him as a prominent figure in the Kinahan organised crime group

Benzinga

Another Casualty Of Our Economic War Against Russia: U.S. Treasury Bonds. How Our Bet Against Them Has Worked So Far.

Another Casualty In The Economic War One theme of our posts since Russia invaded Ukraine is that America's economic war against Russia is hurting America. As we noted over the weekend ("Sanctions On Russia Backfire On The West"), the mainstream media has belatedly started to realize this as well.

Tribune News Service

US Treasury set to push Russia closer to default

The U.S. Treasury Department is expected to tighten sanctions this week on Russia, threatening about $1 billion owed to bondholders for the rest of this year and putting the country once again on the edge of default.

Reuters

Yellen links Russia sanctions to 1940 U.S. asset freezes aimed at Nazis

U.S. Treasury Secretary Janet Yellen on Monday drew parallels between the financial pressure that the United States and its allies are imposing on Russia to the efforts of a 1940s Treasury secretary to deny financial resources to Nazi Germany.

The Independent UK

Yellen meets war refugees in Poland, pushes food crisis plan

U.S. Treasury Secretary Janet Yellen has met with Ukrainian refugees and urged the need to confront Russian brutality as she visited Poland ahead of a meeting of finance ministers for the Group of Seven leading economies

Reuters

Yellen to meet Polish prime minister at start of trip to G7 finance meeting

U.S. Treasury Secretary Janet Yellen will meet with Polish Prime Minister Mateusz Morawiecki on Monday to discuss how Russia's invasion of Ukraine affects Poland's economy as part of a week-long trip that also will take her to Brussels and a G7 finance leaders meeting in Germany.

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