Russia's budget deficit widens to $34.4 bln after late spending spree
Russia recorded a budget deficit of more than 3 trillion roubles for the third year running in 2024, the finance ministry ...
Trump treasury pick Scott Bessent calls for stronger Russia sanctions, Fed independence at confirmation panel
Scott Bessent, tapped by Donald Trump to be treasury secretary, faced sharp questions from Democrats and Republicans on tax ...
Trump Treasury Pick Bessent Backs Fed Independence, Dollar, Sanctions on Russian Oil
WASHINGTON (Reuters) -President-elect Donald Trump's pick for Treasury secretary, Scott Bessent, said on Thursday that the ...
Russia's wealth fund chief says Trump could change history
The head of Russia's $23 billion sovereign wealth fund praised U.S. President Donald Trump on Tuesday, saying his raft of ...
US Treasury nominee backs Fed independence, dollar, Russia sanctions
U.S. President-elect Donald Trump's nominee for Treasury secretary said on Thursday that the dollar should continue to be the ...
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Russia is on pace to run out of financial reserves by this fall, which would cripple war efforts, economist says
Russia could run out of liquid reserves as soon as this fall, one European economist has said. The nation's liquid reserves have dwindled to $31 billion, down from $117 billion in 2021. Limited ...
Trump's treasury secretary pick says more Russia sanctions possible
US President-elect Donald Trump's pick for treasury secretary, Scott Bessent, took part in a confirmation hearing with ...
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Stock markets mostly fall as traders trim US rate cut bets
Global markets mostly retreated on Monday after traders trimmed bets on US Federal Reserve rate cuts and oil extended a rally ...
Trump Treasury pick Bessent backs US Fed independence, dollar, sanctions on Russian oil
Mr Scott Bessent is a hedge fund manager and founder of Key Square Capital Management. Read more at straitstimes.com.