US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng are set to meet in Madrid next week, keeping alive high-level talks on trade, security and economic flashpoints, both Washington and Beijing confirmed on Friday. The talks will run for four days, starting on Sunday, according to China’s Commerce Ministry. “The two sides will…
The United States unveiled another round of sanctions targeting 10 individuals and 27 entities tied to Iran’s financial network, spotlighting the crucial financial role it believes Hong Kong and the United Arab Emirates play to help Tehran avoid Washington’s efforts. Aimed at Iranian nationals and a mainland Chinese national as well as Hong Kong and…
China shrank its holdings of US Treasuries in March, with the UK replacing it as the No. 2 overseas owner. The month, which preceded the April turmoil in the Treasuries market, saw a second straight jump in foreign purchases, to a fresh record high. Total overseas holdings rose $233.1 billion, to $9.05 trillion, Treasury Department…
A Hong Kong company has become one of the latest entities sanctioned by the United States for allegedly supporting Iran’s ballistic missile programme. Hong Kong-based Super Sources Industrial and its director and sole owner Wang Chao were among those included in a fresh round of sanctions involving six individuals and 12 companies announced by the…