Bessent pitches US-backed financial literacy competition to world's largest economies Treasury Secretary Scott Bessent is pitching a financial literacy campaign to the world's largest economies The Independent UK · Sep 1
Bessent says G20 countries should also use tariffs to protect their industries from cheap imports Treasury Secretary Scott Bessent says he’s urging his G20 counterparts to take a page from the Trump administration’s playbook of using tariffs to crack down on trade imbalances The Independent UK · Sep 1
The Guardian view on the global bond shock: Andy Burnham should take note Editorial: Japan’s collision with Donald Trump reveals the dilemma facing Britain: economic independence is becoming more necessary – and more tricky to achieve The Guardian - UK · Sep 1
US pushes G20 to cut trade imbalances, focus on China G20 members face stalled talks on global trade and fiscal imbalances. United States officials are urging higher barriers on Chinese goods to rebalance economies. China's massive export push and subsidies are pressuring global markets and economies. European officials also acknowledge China's role and the need for global adjustments. Discussions continue… The Economic Times · Sep 1
Iran defiant as Scott Bessent says US likely to announce bank sanctions this week Washington plans to announce bank sanctions against Iran this week. Oil prices increased after direct attacks and tanker incidents. Iran warned it would prevent oil exports from the Persian Gulf. US Treasury Secretary Scott Bessent vowed to economically asphyxiate Iran's leadership. Tehran officials remain defiant, utilising all capabilities to respond. The Economic Times · Sep 1
US may announce new Iran bank sanctions this week, next week: Scott Bessent US Treasury Secretary Scott Bessent revealed plans for new sanctions targeting Iran-linked banks soon. The department is also investigating airline leasing companies as part of its campaign. These actions aim to increase financial pressure on Iran amid heightened geopolitical tensions. The US is coordinating these efforts with international allies and… The Economic Times · Sep 1
As US Bond Selloff Accelerates, Treasury Secretary Scott Bessent Says a Stronger Yen is Coming Japan is the largest international holder of US Treasury bonds, and Bessent weighed in on Tokyo’s monetary policy during the G20 summit. Barchart · Sep 1
Russia’s return to G20 talks unsettles Europe as Iran and trade tensions loom Russia's presence at the opening of G20 meetings in North Carolina sparked pushback from Europe on Monday, adding fresh tension to talks already clouded by the Iran war and US President Donald Trump's trade policies. Radio France Internationale · Sep 1
Russia Reportedly Raised Areas Of Cooperation With The U.S. During The G20. Bessent Said No As Long As The War Continues. Treasury Secretary Scott Bessent ruled out any economic relief for Moscow or any development in relations while the war continues. International Business Times · Sep 1
Global Inflation Remains Sticky. Bond Markets Around The World Continue Their Rout. The selloff reached U.S. Treasurys and European debt as investors worried that another energy-price shock could keep inflation and interest rates higher for longer. International Business Times · Sep 1
Two Tankers Have Been Hit In The Hormuz Strait. Trump Is Considering Renewed Strikes Against Iran. The strikes would be aimed at preventing Iran from rebuilding radar and missile capabilities around the waterway. International Business Times · Sep 1
UK long-term borrowing costs could halve chancellor’s budget headroom Yield on 30-year gilts highest since 1998 as rout triggered by global factors underlines tricky backdrop John Healey faces The Guardian - UK · Sep 1
Trump faces huge backlash for inviting Russian finance minister to G20 talks after years of exile Anton Siluanov last attended the meeting via video link in April 2022, prompting Western officials to walk out The Independent UK · Sep 1
Euronews · Sep 1 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.
The Economic Times · Sep 1 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 · Sep 1 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 · Sep 1 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 · Sep 1 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 Independent UK · Sep 1 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 Economic Times · Sep 1 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 Guardian - AU · Sep 1 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
France 24 · Aug 31 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…
International Business Times · Aug 31 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.
The Independent UK · Aug 31 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