Page 7 - Us Treasury

This is last clear chance for MDBs: Ex-US Treasury secy Lawrence Summers

Nothing important is ever easy but we are increasingly seeing a coming together of the world. I am encouraged by the way the shareholders have come together

FPI inflows into domestic debt market down to trickle in September

Net inflows in 2023 highest in six years

Rupee ends weaker on elevated US Treasury yields, record low not in sight

The rupee closed at 83.1450 against the U.S. dollar as compared with 82.93 in the previous session. Most Asian currencies fell, with the Thai bhat and offshore Chinese yuan leading losses

US, China launch financial working groups with aim of easing tensions

The US Treasury Department and China's Ministry of Finance launched a pair of economic working groups on Friday in an effort to ease tensions and deepen ties between the nations. Led by Treasury Secretary Janet Yellen and Vice Premier He Lifeng, the working groups will be divided into economic and financial segments. The working groups will establish a durable channel of communication between the world's two largest economies, Yellen said in a series of planned tweets shared with The Associated Press ahead of Friday's announcement. Yellen said the groups will serve as important forums to communicate America's interests and concerns, promote a healthy economic competition between our two countries with a level playing field for American workers and businesses." The announcement follows a string of high-ranking administration officials' visits to China this year, which sets the stage for a possible meeting between President Joe Biden and his Chinese counterpart, Xi Jinping, in Novemb

Govt bond yield harden 7 bps as auction cut-off yield higher than expected

The five-year swap rate rose by nine basis points to settle at 6.78 per cent on Friday, against 6.69 per cent on Thursday

Treasury Secretary Yellen will participate in G20 Leaders' Summit: US

On her fourth visit to India in 10 months, Secretary Yellen will focus on strengthening the global economy and supporting low and middle-income countries by advancing the MDB

Rupee appreciates by 25p to settle at three week high of Rs 82.69

The local currency had hit the all-time low closing level of 83.15 per US dollar on Thursday on the back of rise in US Treasury yields

Sharp FPI outflows unlikely amid high US Treasury yields: ICICI Sec

Domestic brokerage says US yields, nearing a 16-year high, are at the upper range, as inflation is moderating

Gold price falls Rs 380 to Rs 59,020; silver dips Rs 500 to Rs 72,500

The price of 22-carat gold dipped Rs 350, with the yellow metal selling at Rs 54,100

Appreciate India's leadership on debt issues as G20 president: Janet Yellen

US Treasury Secretary Janet Yellen on Monday said that Washington appreciates India's leadership during its G20 Presidency and New Delhi's demonstrated leadership on debt issues.Yellen said, as the world is looking forward to the G20 to make progress on key challenges like climate change and pandemics, both countries would take significant, concrete steps forward in meetings ahead."The United States has appreciated India's leadership during its G20 presidency, and we will continue our close cooperation. The world is looking to the G20 to make progress on key challenges like climate change and pandemics as part of our work to strengthen the global economy and to support developing countries. I am hopeful we can take significant concrete steps forward in our meetings," Yellen said while addressing a press conference earlier today in Gandhinagar.The US Treasury Secretary delivered the remarks after a meeting with Finance Minister Nirmala Sitharaman today.Speaking on the Multilateral ...

Yellen's China visit ends sans announcement of agreements to mend ties

She indulged in ten hours of meetings over two days and left for Washington on Sunday. However, it is unlikely that the economic tension between the two countries will actually ease, the report noted

US Treasury Secretary Janet Yellen visits China to sooth strained relations

Treasury Secretary Janet Yellen arrived in Beijing on Thursday for meetings with Chinese leaders as part of efforts to revive relations that are strained by disputes about security, technology and other irritants. Yellen planned to focus on stabilizing the global economy and challenging Chinese support of Russia during its invasion of Ukraine, Treasury officials in Washington told reporters ahead of the trip. The secretary was due to meet with Chinese officials, American businesspeople and members of the public, according to Treasury officials. They gave no details, but said Yellen wouldn't meet Chinese leader Xi Jinping. Yellen follows Secretary of State Antony Blinken, who met Xi last month in the highest-level US visit to Beijing in five years. The two agreed to stabilise relations but failed to agree on improving communications between their militaries. Yellen earlier warned against economic decoupling, or disconnecting US and Chinese industry and markets. Businesspeople have .

US default scenarios span from localised pain to Jamie Dimon's 'panic'

Broader disruption in financial markets would quickly put focus on the Fed, which during the 2011 debt-limit showdown compiled a backstop menu of options to avert systemic collapse

Different system needed to end standoffs over US debt ceiling: Yellen

After dozens of standoffs with Congress over government spending in recent decades, Treasury Secretary Janet Yellen said Thursday that in her personal opinion, the United States should adopt a different system for national finances. Emphasising that it was her own opinion, not President Joe Biden's, Yellen said there are various alternatives for avoiding situations where the Treasury lacks the funds to pay its bills. In January, the US government ran up against its legal borrowing limit of USD 31.381 trillion, and the Treasury Department began implementing extraordinary measures to avoid missing payments on its bills. It's a predicament that has occurred nearly 80 times since 1960, she said. The Treasury Department has warned the US could default as soon as June 1 if there is no deal. Personally, I think we should find a different system for deciding on fiscal policy, Yellen said when asked about the issue. Congress could repeal the debt ceiling or handle it differently. The presid

Sweeping spending cuts for America: Republicans clear debt-ceiling hike

The US Treasury Department could run out of ways to pay its bills in a matter of weeks if Congress fails to act, and financial markets are already flashing warning signs

State Bank of India prices $750-mn bond at 4.87%, tightens pricing

Tightens pricing by 40 bps on oversubscription

'World economy has improved': Janet Yellen plays down banking woes

The Treasury head is scheduled to take questions from the media following her remarks, which come at the beginning of the World Bank and International Monetary Fund's spring meetings

SVB says Goldman Sachs was the buyer of portfolio it booked losses on

The loss on the portfolio was the reason SVB, a technology-focused lender known as Silicon Valley Bank, attempted a $2.25 billion stock sale last week using Goldman Sachs as an adviser

SVB fallout: Present imperfect, future tense for Indian start-ups

Though many of them expect limited near-term impact, lack of SVB-like support system may pinch them later

Biden Admin framing new rules to stop US investments in Chinese tech firms

People aware of the developments have said that the programme is likely to cover private equity and venture capital investments in advanced semiconductors, quantum computing, among others