News Muncher - category treasury

2 days, 14 hours ago

Now Labour minister Tulip Siddiq faces questions over $1bn Russian arms deal her aunt penned on family visit to the Kremlin

Labour minister Tulip Siddiq was facing fresh questions last night after it emerged her aunt penned a $1billion Russian arms deal on their family visit to the Kremlin. But as well as signing the agreement for the nuclear power plant, Ms Siddiq’s aunt also penned a deal for a $1billion loan to Bangladesh to buy Russian weapons and military equipment. …

Labour Bangladesh Treasury Hasina Minister Putin Russian

3 days, 19 hours ago

What to know about the debt ceiling debate as a government shutdown looms in Washington

Associated Press

A debate over the debt ceiling is at the center of a dispute over funding that is pushing Washington to the brink of a federal government shutdown. The debt ceiling, or debt limit, is the total amount of money that the United States government can borrow to meet its existing legal obligations. When he rejected the spending proposal on Wednesday, …

Congress Trump Debt Democrats Spending House Johnson

Keir Starmer backs anti-corruption minister Tulip Siddiq amid probe into her family over claims they took £4 billion in bribes for Putin-funded nuclear power plant in Bangladesh

Daily Mail

Sir Keir Starmer has backed his most senior anti-corruption minister, after it was revealed she is being investigated over claims she and members of her family took bribes of up to £4 billion. City minister Tulip Siddiq – who is responsible for stamping out corruption in Britain's financial sector – is being investigated for the alleged embezzlement linked to a …

Family Labour Nuclear Bangladesh Power Treasury Sheikh Hasina

4 days, 10 hours ago

Indian Rupee Decline: Rupee falls 12 paise to all-time low of 85.06 against US dollar in early trade

The Hindu

The rupee dropped 12 paise to an all-time low of 85.06 against the US dollar in early trade on Thursday, as a hawkish tilt from the US Federal Reserve sparked a broad dollar rally. Forex traders said the US Federal Reserve has adjusted its projections for 2025, signalling a more cautious monetary policy stance, pressuring emerging market currencies, including the …

Fed Low Dollar Us Dollar 12 Paise Rupee Decline

4 days, 15 hours ago

US imposes more sanctions on Yemen’s Houthis amid escalation with Israel

Al Jazeera

US penalties target Sanaa central bank governor, as Houthis say they are undeterred by US and Israeli attacks. The US Treasury described al-Madani as the “primary overseer of funds sent to the Houthis” by the Quds Force of Iran’s Islamic Revolutionary Guard Corps. Ansar Allah leader Abdel-Malik al-Houthi said on Thursday that the “Israeli aggression” will not change the Houthis’ …

Military War Treasury Iran Yemen Hezbollah Washington

4 days, 17 hours ago

Keir Starmer's corruption minister and her family are probed over claims they took £4 billion in bribes for Putin-funded nuclear power plant

Daily Mail

A Labour minister is being investigated over claims she and members of her family took bribes of up to £4 billion. City minister Tulip Siddiq – who is responsible for stamping out corruption in Britain’s financial sector – is being investigated for the alleged embezzlement linked to a nuclear power plant deal in her native Bangladesh. The senior Labour minister …

Family Court Labour Nuclear Bangladesh Power Treasury

5 days, 15 hours ago

Abolishing the FDIC could backfire on Trump and his allies

CNN

New York CNN — The Federal Deposit Insurance Corporation was created during the Great Depression to restore trust in a financial system shaken by the failure of thousands of banks. Aaron Klein, senior fellow at the Brookings Institution, told CNN that while the United States has too many bank regulators, there is “no chance” lawmakers would approve shutting the FDIC. …

Financial Banking Congress Trump Bank Treasury Cnn

5 days, 21 hours ago

Adani deal under bribery scrutiny was approved against officials’ advice

The Hindu

The approach from the Solar Energy Corporation of India on September 15, 2021 came out of the blue. Two years earlier, Andhra Pradesh's energy regulator had said in a 10-year forecast the State had no short-term need for solar power, and should focus on other renewables that could provide 24-hour energy. The news agency spoke to a former State power …

Energy Power Treasury Solar State Reddy Cabinet

6 days, 7 hours ago

Adani-Andhra Deal Approved Against Officials' Advice, Under Bribery Scrutiny

Deccan Chronicle

The approach from the Solar Energy Corporation of India on Sept. 15, 2021 came out of the blue. The federal agency, tasked with developing the solar sector, wanted to know if the southeastern state of Andhra Pradesh would like to sign India's largest renewables contract.Two years earlier, Andhra Pradesh's energy regulator had said in a 10-year forecast the state had …

Power Treasury State According Reddy Deal Reuters

US hits North Korea and Russia with new sanctions over military and oil support

Firstpost

The sanctions, which list North Korean banks, generals and other officials, as well as Russian oil shipping companies, are the latest U.S. measure aimed at disrupting North Korea’s support to Russia’s war in Ukraine A view shows flags of Russia and North Korea attached to a car during a ceremony welcoming Russia's President Vladimir Putin at an airport in Pyongyang, …

Support Military Ukraine Russia Oil Sanctions North Korea

6 days, 15 hours ago

China's 2024 recap in 10 new lexicons

China Daily

The top 10 new lexicons in 2024 in China were unveiled Tuesday by the National Language Resources Monitoring and Research Center, offering a glimpse into this year's economic, social, and cultural trends. The list includes phrases such as ultra-long-term special treasury bonds, youth night schools, Origin Wukong — China's independently developed third-generation superconducting quantum computer — and banweier, which means …

China 10 New Lexicons

6 days, 17 hours ago

How would a U.S. bitcoin strategic reserve work?

Live Mint

By Gertrude Chavez-Dreyfuss and Lisa Pauline Mattackal WASHINGTON, Dec 16 - Bitcoin hit a record high above $107,000 on Monday after President-elect Donald Trump reiterated plans to create a U.S. bitcoin strategic reserve, stoking the enthusiasm of crypto bulls. Some have argued Trump could create the reserve via an executive order directing the U.S. Treasury's Exchange Stabilization Fund, which can …

China Trump Bitcoin Treasury Strategic Create Reserve

6 days, 23 hours ago

US imposes fresh sanctions on North Korea and Russia disrupt aid for Ukraine war

Live Mint

WASHINGTON - The United States hit North Korea and Russia on Monday with new sanctions that the Treasury Department said targeted Pyongyang's financial activities and military support to Moscow. The sanctions, which list North Korean banks, generals and other officials as well as Russian oil shipping companies, are the latest U.S. measure aimed at disrupting North Korea's support to Russia's …

Ukraine Russia North Korea North Korea North Korean Imposes Fresh

1 week, 2 days ago

Bond Market Has Worst Week in Months With Less Fed Action Seen

Live Mint

An orderly selloff in the US government bond market continued for a fifth straight day, with the 30-year bond’s yield posting its biggest weekly increase of the year. Inflation, if anything, is bending up.” The extra yield offered by long- versus short-maturity yields “is not enough at this point of time.” Next week’s Fed meeting includes an updated summary of …

Inflation Treasury Fed Rate Cut Yields Curve

1 week, 3 days ago

Rupee holds up in face of broad dollar rally thanks to central bank

Live Mint

By Nimesh Vora MUMBAI, Dec 13 - The Reserve Bank of India's intervention on Friday helped the rupee avoid the losses that other Asian currencies had to endure in the wake of higher U.S. yields. The rupee was at 84.8300 to the U.S. dollar at 10:42 a.m. IST, marginally up from 84.8575 in the previous session. The RBI likely sold …

Rbi Rupee Dollar

1 week, 3 days ago

Average rate on 30-year mortgage hits 6.6%, its third straight weekly decline

Associated Press

The average rate on a 30-year mortgage in the U.S. eased for the third week in a row, welcome relief for prospective homebuyers during what’s typically a less competitive time of the year for the housing market. The rate dropped to 6.6% from 6.69% last week, mortgage buyer Freddie Mac said Thursday. The average rate on a 30-year mortgage is …

Mortgage Average Rate Mortgage Rates

1 week, 4 days ago

As the Fed cuts, some long-term interest rates are rising

Salon

In physics, what goes up must come down. "It seems like the Fed's done a pretty good job of maintaining a path to slowly and steadily lower interest rates without having too much of a impact on the economy overall," said Jonathan Ernest, assistant professor of economics at Case Western Reserve University. If short-term rates are falling because inflation is …

Trump Interest Rates Interest Treasury Federal Fed Rate

1 week, 4 days ago

TMC’s Banerjee apologises for remarks on minister Scindia

Hindustan Times

Trinamool Congress MP Kalyan Banerjee’s controversial remarks against Union minister Jyotiraditya Scindia triggered an uproar in the Lok Sabha on Wednesday, with Speaker Om Birla expunging the comments and the senior Opposition leader issuing an apology to Scindia. The Union minister, however, refused to accept Banerjee’s apology, and said, “Please talk about parliamentary matters in Parliament”. Later in the day, …

India Union Treasury House Minister Parliament Remarks

1 week, 4 days ago

Is Rachel Reeves’ spending review a veiled return to austerity?

The Independent

Today’s clash between ministers and trade unions over public sector pay – after the government recommended a 2.8 per cent rise for teachers, NHS workers and civil servants – was always going to happen. Unions viewed this summer’s generous increases as merely the start of “catching up” after restraint since 2010 which saw public sector workers fall behind those in …

Ministers Treasury Spending Cent Reeves Starmer Civil Servants

1 week, 5 days ago

Rupee likely to maintain downward drift, RBI counted on to cap losses

Live Mint

By Jaspreet Kalra MUMBAI, Dec 11 - Headwinds for the Indian rupee are likely to persist on Wednesday amid ongoing strength in the U.S. dollar and a lingering bearish bias on the local currency that may push it to another lifetime low, but traders expect the central bank's intervention to limit sharp losses. The rupee came under pressure on Tuesday …

Rbi Rupee Malhotra Downward Drift

Chaos in Lok Sabha over TMC's Kalyan Banerjee 'objectionable remarks' against Jyotiraditya Scindia

India TV News

Parliament Winter Session: Lok Sabha on Wednesday witnessed repeated adjournments after Trinamool Congress MP Kalyan Banerjee made objectionable remarks against Union Minister Jyotiraditya Scindia The personal remarks against the BJP MP created an uproar which refused to die down despite an apology tendered by the TMC member. The remarks made by Banerjee against the minister were expunged by Speaker Om …

Personal Union Lok Sabha Treasury House Minister Rai

1 week, 6 days ago

Reeves warns ministers of cuts as ‘every pound’ of government spending to face review

The Independent

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Cabinet ministers have been warned they must find more savings in …

Budget Treasury Spending Review Departments Public Westminster Email

Parliament session highlights: Amid massive uproar, Lok Sabha, Rajya Sabha adjourned for the day

Hindustan Times

Rajya Sabha will now convene at 11:30 am on Wednesday, December 11. Parliament winter session highlights: Both Lok Sabha and Rajya Sabha once again saw uproar over the Congress's alleged links to Hungarian-American businessman and investor George Soros, with the Opposition accusing the treasury bench of not wanting the House to function. Lok Sabha and Rajya Sabha will now reconvene …

Rajya Sabha Lok Sabha House Sabha Parliament Winter

1 week, 6 days ago

US sanctions China cyber firm for potentially deadly ransomware attack

Al Jazeera

Some firewalls targeted in the US were protecting critical infrastructure companies, the US Treasury Department says. Guan Tianfeng, an employee of Sichuan Silence Information Technology Company, deployed malicious software to 81,000 firewalls run by thousands of companies worldwide in April 2020, including 23,000 in the US, the Treasury Department said in a statement on Tuesday. Sichuan Silence is a cybersecurity …

China Attack Companies Department Chinese Guan Cyber

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Articles for Treasury

Now Labour minister Tulip Siddiq faces questions over $1bn Russian arms deal her aunt penned on family visit to the Kremlin

What to know about the debt ceiling debate as a government shutdown looms in Washington

Keir Starmer backs anti-corruption minister Tulip Siddiq amid probe into her family over claims they took £4 billion in bribes for Putin-funded nuclear power plant in Bangladesh

Indian Rupee Decline: Rupee falls 12 paise to all-time low of 85.06 against US dollar in early trade

US imposes more sanctions on Yemen’s Houthis amid escalation with Israel

Keir Starmer's corruption minister and her family are probed over claims they took £4 billion in bribes for Putin-funded nuclear power plant

Abolishing the FDIC could backfire on Trump and his allies

Adani deal under bribery scrutiny was approved against officials’ advice

Adani-Andhra Deal Approved Against Officials' Advice, Under Bribery Scrutiny

US hits North Korea and Russia with new sanctions over military and oil support

China's 2024 recap in 10 new lexicons

How would a U.S. bitcoin strategic reserve work?

US imposes fresh sanctions on North Korea and Russia disrupt aid for Ukraine war

Bond Market Has Worst Week in Months With Less Fed Action Seen

Rupee holds up in face of broad dollar rally thanks to central bank

Average rate on 30-year mortgage hits 6.6%, its third straight weekly decline

As the Fed cuts, some long-term interest rates are rising

TMC’s Banerjee apologises for remarks on minister Scindia

Is Rachel Reeves’ spending review a veiled return to austerity?

Rupee likely to maintain downward drift, RBI counted on to cap losses

Chaos in Lok Sabha over TMC's Kalyan Banerjee 'objectionable remarks' against Jyotiraditya Scindia

Reeves warns ministers of cuts as ‘every pound’ of government spending to face review

Parliament session highlights: Amid massive uproar, Lok Sabha, Rajya Sabha adjourned for the day

US sanctions China cyber firm for potentially deadly ransomware attack