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THE TRUTH ABOUT: 4 - The Untold Story

Japan's 10-year yield hits 3%, a first since 1996 as rate hikes dominate the G20

Japan's 10-year government bond yield touched 3% on Tuesday for the first time since 1996, part of a deepening global sovereign debt sell-off, while US Treasury Secretary Scott Bessent used the G20 finance meeting to press Tokyo for faster rate hikes.

Euronews

Fed Chair Warsh sees global investment surge replacing savings glut

Fed Chair Kevin Warsh told G20 finance leaders that the global economy may be shifting from a savings glut toward an investment boom, driven partly by AI spending. Stronger investment and productivity could boost growth, but reduced Treasury demand, higher yields and potential inflation pressures may complicate monetary policy decisions.

The Economic Times

Global Market: Yen weakness puts BOJ under pressure for faster monetary tightening

The US is urging Japan to adopt tougher monetary and fiscal policies after supporting the yen. Pressure is mounting on the BOJ to raise rates faster as inflation persists, while Japan’s expansionary fiscal stance fuels bond-market concerns and risks broader global financial volatility.

The Economic Times

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Iran says it has enough foreign currency despite US sanctions

Iran's Central Bank Governor stated sufficient foreign currency reserves exist despite sanctions. He announced plans to inject two billion dollars into the market. This move aims to calm recent foreign exchange market volatility. Iranian officials acknowledge economic difficulties and livelihood management challenges. The Governor assured that collapse has not happened…

The Economic Times

Japan faces day of policy reckoning as Scott Bessent calls time on big stimulus

While the BOJ was already widely expected to lift rates ‌in September as inflation pressures ⁠grew, Bessent's recent ⁠comments effectively lock the bank into doing so and put pressure on it to step up hikes going forward.

The Economic Times

Ukraine-Russia war latest: Zelensky declares Russian airspace ‘completely unsafe’ in warning to airlines and passengers

Putin said the warning sounded like “state terrorism” and vowed to respond

The Independent UK

Yen hangs near 160 amid BOJ rate-hike bets, dollar wobbles

The yen stabilized near 160 against the dollar on Tuesday. US Treasury Secretary Scott Bessent urged the Bank of Japan to raise rates. Currency markets watched renewed Middle East conflict and rising oil prices. Traders anticipate a potential Federal Reserve rate hike in September. Investor attention focuses on upcoming economic…

The Economic Times

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Ukraine war briefing: Pressure stays on Russian economy until war is over, says Bessent

US treasury secretary speaks with Russian counterpart who is controversially attending G20 talks; India’s Modi says war must end. What we know on day 1,651

The Guardian - AU

Trump threatens to ‘hit Iran hard’ as strikes resume after month-long lull

President Donald Trump said Monday that the US would hit back against Iranian attacks on US targets in the Middle East, according to a Fox News reporter. The Iranian attacks were themselves a response to US strikes on an island in the Strait of Hormuz, the first flare-up in a…

France 24

Stocks Fell On Monday As U.S.-Iran Tensions Flare Up Again, But End August In The Green

Longer-dated Treasury yields rose as well.

International Business Times

Trump threatens further action as US and Iran exchange strikes for first time in weeks

Trump has vowed further escalation after Iran retaliated for US attacks on rocket launchers on Larak Island in the Strait of Hormuz

The Independent UK

Bessent Addresses His Mentor's Criticism Of U.S. Debt Buybacks, Defends Intervening In The Market

"Stan's a great investor, but what I would point out is that again, the U.S. bond market has been the best performing market since the president came in," Bessent said about Stanley Druckenmiller.

International Business Times

Bessent Wants a Global Response to China's Export Boom, Tells G20 Countries to Reconsider Terms of Trade

Bessent argued that weakness in China's domestic economy has increased Beijing's reliance on exports, creating mounting pressure on other economies absorbing Chinese goods.

International Business Times

Trump threatens further action as US and Iran exchange fire in new flare-up

Washington says it acted after observing Iran was planning to deploy fresh mines in strait of Hormuz

The Guardian - UK

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The Economic Times

Donald Trump vows to hit Iran hard after first exchanges of fire in a month

Iran launched missiles at two United States air bases in Jordan overnight. This action followed a United States strike on Iran's Larak Island earlier. United States President Donald Trump vowed a strong response to the Iranian missile attacks. New United States economic sanctions are reportedly impacting Iran's struggling economy. Both…

The Economic Times

Scott Bessent huddles with G20 to try to rally allies on Iran as tariffs strain ties

US Treasury Secretary Scott Bessent is meeting with global finance ministers in Asheville this week. He aims to focus discussions on economic growth and managing international debt burdens. The meetings occur as the US escalates sanctions against Iran and faces trade disputes. Bessent seeks international support to isolate Iran and…

International Business Times

Bessent Acknowledges The World Is 'Awash In Debt,' Claims Only Way Past Is 'To Grow Our Way Out'

"Our goal here today is to reiterate that our message of growth," Bessent said during the G20 summit in Asheville, North Carolina.

International Business Times

The U.S. Struck a Deal To Control Venezuela's Oil. Trump Says It Will Be Used To Replenish The SPR.

Trump has said the deal will help to "substantially lower Gas Prices for all Americans".

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International Business Times

U.S. And Iran Trade Strikes Again. Oil Prices Soar.

Brent crude prices climbed more than 5% and went back above $90 per barrel on Monday morning.

International Business Times

Trump Admin To Further Escalate Economic Pressure On Iran: 'Financial Violence If We Have To'

"We are showing people that we know who you are, you know who you are, and this has got to stop," Scott Bessent said.

International Business Times

U.S.-Iran Hostilities Resume. Trump Again Threatens To Target Key Island For Tehran's Oil Exports.

U.S. forces said they struck Iranian rocket launchers on Larak Island on Sunday, while Tehran launched missiles at U.S. bases in Jordan.

Euronews

G20 finance chiefs gather in North Carolina with Iran sanctions and tariffs in focus

Finance ministers and central bank governors from the world's largest economies meet in Asheville, North Carolina, on Monday and Tuesday, hosted by a US administration that is simultaneously pressing allies to help isolate Iran financially and imposing tariffs on several of them.

The Times of India

US treasury excludes several reporters from covering G20 finance meet

The US Treasury Department has excluded journalists from several major news organisations, including The New York Times, Bloomberg News and The Wall Street Journal, from covering the G20 finance ministers' meeting in Asheville, North Carolina.

The Economic Times

US stock market: Bessent dismisses US bond market turmoil concerns, points to economic strength

U.S. Treasury Secretary Scott Bessent reassured markets by minimizing concerns over turbulence and debt. He emphasized that robust economic growth is boosting the country’s fiscal health. In defense of the Treasury's increased bond buyback initiative, Bessent pointed to larger international interventions as a valid reason for this approach. The expanded…

The Economic Times

Global Market: European central bankers leave Jackson Hole uneasy over US policy shifts

European central bankers left the Jackson Hole symposium concerned that recent US Treasury interventions could strain long-standing norms of global financial cooperation. Unannounced yen intervention, Treasury bond buybacks and uncertainty over Fed dollar swap lines have raised concerns about Washington’s growing role in global financial markets.

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