This picture taken on March 26, 2026 shows an oil tanker unloading crude oil at a port in Yantai, in China’s eastern Shandong province. CN-STR | Afp | Getty Images The U.S. Treasury warned financial institutions Tuesday that they could face sanctions if they engage in dealings with Chinese refineries that process Iranian oil. The…
Anthropic CEO Dario Amodei After six weeks of bruising fight with the Pentagon, AI giant Anthropic PBC has received what amounts to a major endorsement from the Trump administration and the reason is China. According to a report by Bloomberg, speaking at a Wall Street Journal event in Washington, US Treasury Secretary Scott Bessent praised…
The U.S. blockade of the Strait of Hormuz is adding strain to Washington’s relations with China and India, as Beijing hardens its rhetoric and New Delhi faces rising energy risks. Getty The U.S. blockade of the Strait of Hormuz is not only squeezing Iran but also ratcheting up pressure on two of its most consequential…
Multiple comments from President Trump and his aides in recent days have suggested that a closely watched trip to China to meet with Xi Jinping at the end of this month may be delayed. “Because of the war, I want to be here,” Trump told reporters on Monday afternoon at the White House saying he’d…
Pressure on Blue Owl Capital (OWL) isn’t letting up after an asset sale meant to calm investor worries last week sparked new concern from top government officials about the $1.8 trillion private credit industry. “We are concerned,” Treasury Secretary Scott Bessent said Friday when asked about the growth of Blue Owl and other private lenders…
Gold and silver prices rose as U.S. Treasury bond yields fell after December retail sales growth stalled, signaling a softening economy ahead of key jobs data. Bloomberg Creative | Bloomberg Creative Photos | Getty Images Gold’s wild price swings in recent weeks are increasingly being linked to speculative trading in China by some analysts, with…
(Bloomberg) — Treasury Secretary Scott Bessent cited Chinese traders as a reason behind last week’s wild swings in the gold market. “The gold move thing — things have gotten a little unruly in China,” Bessent said on Fox News. “They’re having to tighten margin requirements. So gold looks to me kind of like a classical,…
US Treasury Secretary Scott Bessent said he “would not be surprised” if China is already looking into ways to challenge the US’ pre-eminence in digital assets, given Hong Kong’s efforts to develop the industry. When testifying before the Senate Banking Committee on Thursday, Bessent said that there are “lots of rumours of Chinese digital assets”…
(Bloomberg) — Treasury Secretary Scott Bessent suggested that Prime Minister Mark Carney did an “about-face” by striking a deal with China to lower some trade barriers, reinforcing President Donald Trump’s latest tariff threat against Canada. “The Canadians a few months ago joined the US in putting high steel tariffs on China because the Chinese are…
TORONTO (AP) — Canadian Prime Minister Mark Carney said Sunday his country has no intention of pursuing a free trade deal with China. He was responding to U.S. President Donald Trump’s threat to impose a 100% tariff on goods imported from Canada if America’s northern neighbor went ahead with a trade deal with Beijing. Carney…