9 h. ago Trump floats Treasury secretary Scott Bessent as new Fed chair

US president expected to name successor to Jay Powell by Christmas

Politics

19 h. ago US and China seek to strike a deal over rare earths, tariffs, soybeans

The United States and China are not going to resolve all the issues that divide them before presidents Donald Trump and Xi Jinping meet Thursday in Busan, South Korea

Economics

55 h. ago US and China reach ‘final deal’ on TikTok sale, treasury secretary says

Scott Bessent said plan was part of framework for trade deal but did not share details on transferring app’s ownershipMurdoch, Ellison and China: what we know about the US’s TikTok dealUS treasury secretary Scott Bessent claimed on Sunday that the US and China have finalized the details of a deal transferring TikTok’s US version to new owners.“We reached a final deal on TikTok,” Bessent said on Sunday on CBS’s Face the Nation with Margaret Brennan. Alluding to Donald Trump and his Chinese counterpart, Xi Jinping, Bessent continued: “We reached [a deal] in Madrid, and I believe that as of today, all the details are ironed out, and that will be for the two leaders to consummate that transaction” during a meeting scheduled for Thursday in Korea. Continue reading...

Economics

58 h. ago Trump and China reach groundbreaking TikTok deal after years

Treasury Secretary Scott Bessent said that the two world leaders will 'consummate' the deal when they meet in Korea on Thursday.

Politics

3 d. ago ‘Where the hell is the market risk?’: Scott Bessent takes on his critics

Donald Trump’s US economy chief is bringing the Maga movement to the Treasury department

Events

6 d. ago United States targets Russian oil giants over Vladimir Putin’s refusal to end 'senseless' war in Ukraine

Scott Bessent claimed the measures against Rosneft and Lukoil will ‘degrade’ the Kremlin’s military efforts

Events

6 d. ago US hits $38 trillion in debt, after the fastest accumulation of $1 trillion outside of the pandemic

The U.S. government's gross national debt has surpassed $38 trillion during the federal shutdown, marking a record high

Events

6 d. ago Trump slaps Russia’s biggest oil companies with sanctions over Ukraine war: ‘Now is the time to stop the killing’

Treasury Secretary Scott Bessent announced the tough new measures against Moscow after White House scrapped plans for talks with Putin

Events

6 d. ago Trump administration teases ‘substantial pickup in Russia sanctions’ after summit plans aborted

Treasury secretary teases new measures against Moscow after White House scraps plans for talks over Ukraine war

Politics

6 d. ago Bank watchdog boss says ‘plenty to worry about’ including AI bubble risk

Sam Woods also told City bosses and top bankers that potential US banking reforms would be ‘highly risky’.

Economics

6 d. ago Scottish Government urges Treasury to reimburse £26m Trump and Vance visit cost

Scotland’s Finance Secretary has written to the Chief Secretary to the Treasury.

Politics

1 week ago US treasury secretary and Chinese vice premier plan another meet over ‘unsustainable’ tariff hike

Scott Bessent says he expects to meet with He Lifeng in Malaysia next week

Politics

1 week ago Scott Bessent says Chinese top trade envoy came to Washington uninvited

US treasury secretary says Li Chenggang was ‘unhinged’ and ‘disrespectful’ during visit to DC in August

Politics

2 w. ago Slowdown in US hiring suggests economy still needs rate cuts, Fed's Powell says

Federal Reserve Chair Jerome Powell says that a sharp slowdown in hiring poses a growing risk to the U.S. economy

Politics

2 w. ago US treasury secretary accuses Beijing of trying to damage global economy; silver hits record high – business live

Rolling coverage of the latest economic and financial newsWhy has US-China trade war restarted and how have markets reacted?A flurry of takeover talk speculation has pushed up shares in budget airline EasyJet this morning.EasyJet’s shares are up over 7%, leading the risers on the FTSE 100 share index.“[The group] does not believe the redress methodology proposed by the FCA appropriately reflects actual customer loss or achieves a proportionate outcome.“...the FCA’s proposed approach to assessing unfairness does not align with the legal clarity provided by the supreme court judgement in respect of the “Johnson” case, which confirmed that the test for unfairness is highly fact specific and must take into account a broad range of factors. The group will continue to engage with the FCA in respect of these points.“Many motor finance lenders did not comply with the law or the rules. It’s time their customers get fair compensation. Recent court judgments show that liabilities exist no matt...

Events

2 w. ago Scott Bessent accuses China of trying to damage global economy

US Treasury secretary tells FT Beijing’s restrictions on critical mineral exports will hurt its own international standing

Events

2 w. ago Bessent slams China: ‘They want to pull everybody else down with them’

US Treasury secretary tells FT that Beijing’s export controls are ‘a sign of how weak their economy is’

Politics

2 w. ago Trump floats 'everlasting success' beyond Gaza as delicate peace deal enters final stages

Donald Trump claims the Israel and Hamas peace deal will bring an everlasting peace to the Middle East, where residents have been dancing in the streets celebrating the deal.

Politics

3 w. ago Tory frontbencher suggests older Brits with savings could lose the state pension through means

Richard Fuller, the shadow chief secretary to the Treasury, pointed to Australia's state pension system where how much you get depends on your income and assets.

Economics

3 w. ago Trump plans aid package for US soybean farmers while seeking trade deal with China

President Donald Trump is making plans for a significant aid package for U.S. soybean farmers

Politics