All articles tagged with #us treasury
US Treasury Secretary Scott Bessent's risky intervention in Argentina's currency market has been successful, with the US recovering its investment and no longer holding Argentine pesos in its stabilization fund, though challenges remain for Argentina's economy.
The U.S. Treasury has imposed sanctions on 29 vessels and associated companies involved in Iran's shadow fleet, which illegally exports Iranian petroleum, aiming to cut off Iran's revenue used for military and weapons programs, and targeting key figures including Egyptian businessman Hatem Sakr.
The discontinuation of penny minting by the US Treasury has led to a penny shortage in Clark County, Washington, causing issues for local government operations and prompting calls for federal or state guidance on how to handle cash transactions without pennies, with some businesses already rounding prices.
The U.S. Treasury has rejected a bid led by Xtellus Partners to acquire Lukoil's assets, citing restrictions on the use of sanctioned securities, despite the bid being favored by Lukoil. The assets, valued at around $22 billion, include oil and gas projects and filling stations across multiple regions. The group plans to escalate their offer and seek a license to access the securities, as negotiations continue with a deadline extended to January 17.
Bond investors have issued a warning to the US Treasury regarding the potential appointment of Kevin Hassett as the Federal Reserve Chair, citing concerns over financial stability and market impact.
Traders are increasingly betting on potential US interest rate cuts and a dovish shift in monetary policy, driven by expectations of a new Fed chair, delayed economic data, and market signals, leading to heightened activity in futures spreads and a decline in 10-year Treasury yields below 4%.
The US Treasury's decision to stop minting pennies by 2026 is causing grocery stores like Kroger and Kwik Trip to adjust, with some rounding cash transactions to the nearest five cents, potentially increasing costs for consumers and raising legal and logistical questions. The move aims to save costs but may lead to changes in pricing and payment practices, especially for cash transactions, affecting consumers and businesses alike.
Skepticism is growing over the US Treasury's ability to secure a $20 billion financing deal for Argentina's economic rescue before a crucial midterm election, amid uncertainties about deal specifics and collateral, which is pressuring the Argentine peso and complicating stabilization efforts.
The US Treasury sold dollars through Banco Santander to support the Argentine peso as it neared its trading band limit, amid efforts to stabilize Argentina's economy ahead of midterm elections, including a $20 billion currency swap line and negotiations for additional support.
The US Treasury is arranging an additional $20 billion to support Argentina's debt market, aiming to bolster the country's financial stability.
The Trump administration is providing a $20 billion financial rescue to Argentina, primarily through currency swaps and currency purchases, citing economic stability concerns and geopolitical interests, but critics argue it is politically motivated and benefits wealthy fund managers, all while the US faces a government shutdown and trade tensions.
The U.S. Treasury, led by Scott Bessent, has purchased Argentine pesos and agreed on a $20 billion currency swap with Argentina's central bank to support the struggling economy and bolster President Milei's reform efforts, amid ongoing currency and market pressures.
The US Treasury has finalized a $20 billion currency swap with Argentina, buying pesos and supporting the country's financial stability amid economic challenges, which also aims to boost political prospects for Milei in upcoming elections. The move involves IMF cooperation and is seen as a significant intervention to prevent market collapse, though it faces political criticism in the US.
The US Treasury has intervened in Argentina's currency market to stabilize the economy, amid ongoing financial challenges.
The US Treasury has confirmed the draft design of a $1 coin featuring Donald Trump in honor of America's 250th birthday, though legal restrictions on depicting living presidents may affect its final issuance.