TREASURY DEPARTMENT

Howard Lutnick, nominated by Trump for Commerce Secretary, plans to strengthen financial ties with Tether. Lutnick's firm, Cantor Fitzgerald, and Tether are discussing a $2 billion project. The project involves lending dollars against bitcoin. This ...

Donald Trump is planning a major shakeup by firing Department of Justice lawyers who were involved in investigations against him during Biden’s tenure.

Days after claiming a resounding victory in US elections 2024, Donald Trump has announced he will nominate investor Scott Bessent for Treasury Secretary. Bessent is an American investor, philanthropist, and educator. He is the Founder and CEO of Key...

The US Treasury is looking into JPMorgan Chase & Co.'s dealings with a hedge fund. The hedge fund is believed to be connected to Iranian oil trader Hossein Shamkhani. The Treasury wants to know if JPMorgan followed all the rules when it took on the ...

The Biden administration has imposed new sanctions on Russia's Gazprombank, restricting its access to the U.S. financial system. This move aims to punish Russia for its invasion of Ukraine and curtail its ability to finance the war. The sanctions ta...

The U.S. dollar weakened against major currencies, extending a three-day decline from a one-week high as the market stabilized after a rally following Donald Trump's election. Bitcoin reached a new all-time high, driven by expectations of a more fav...

Benchmark indexes advanced in Japan, South Korea and Australia, while futures climbed in Hong Kong. The Nasdaq 100 outperformed Monday after its longest rout since January, with Tesla Inc. rising 5.6% on a news report Trump’s transition team have to...

JPMorgan Chase CEO Jamie Dimon opens up about why he declined President-elect Donald Trump's offer to join his administration as Treasury Secretary.

U.S. consumer prices rose by 0.2% in October, marking the fourth consecutive month of increase at this rate. This trend signals a slowdown in the progress against inflation, potentially impacting the Federal Reserve's interest rate decisions in the ...

Donald Trump is assembling a new administration, potentially drawing from Wall Street and business executives. Key cabinet positions, including Treasury and State, could be filled by individuals like Scott Bessent, Jay Clayton, or Ric Grenell. Trump...

Indian firms sanctioned by the U.S. for allegedly supporting the Russian military haven't broken any Indian laws, according to the Ministry of External Affairs. The MEA is communicating with the U.S. to clarify the situation, stressing that these fi...

The US has imposed sanctions on 275 individuals and entities, including Indian companies, for supporting Russia's military-industrial base amidst its war against Ukraine. Sanctions also target firms in China, Switzerland, Thailand, and Turkiye for p...

The USA sanctions nearly 300 entities, including over 10 from India, for allegedly aiding the Russian military with advanced technology and equipment. This comes as US NSA Jake Sullivan discusses regional security and bilateral cooperation with Indi...

A potential crackdown on Tether Holdings Ltd., the issuer of USDT, could have a significant impact on the cryptocurrency industry. Tether, the third-largest cryptocurrency, plays a crucial role as a stand-in for the US dollar in crypto markets. If T...

Israeli airstrikes targeted Al-Qard Al-Hassan, a Hezbollah-linked financial institution, further escalating the conflict. Al-Qard Al-Hassan provides interest-free loans and has many clients. The U.S. Treasury has accused it of illicit financial acti...

The United States has imposed sanctions on Chinese companies involved in making drones used by Russia in the war against Ukraine. This is the first time the US has sanctioned Chinese firms directly linked to producing weapons systems for Russia. Chi...

The US sanctions 18 firms and individuals, including two Indians, linked to a Houthi network transporting Iranian oil, which funds attacks on Israel and shipping disruptions in the Red Sea. The Treasury Department targets managing and technical dire...

Elon Musk warns that the United States is on a fast track to bankruptcy as the national debt surpasses $35 trillion. He suggests that if Donald Trump wins the presidential election, there could be opportunities for deregulation and reducing governme...

US Assistant Secretary of State Donald Lu is visiting India and Bangladesh from September 10 to 16. Discussions will include the law and order situation in Bangladesh, anti-India posturing, and minority persecution. Lu will also co-chair the U.S.-In...