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yellen

Yellen sanctions La Nueva Familia Michoacana cartel, issues new bank guidance

by Vera Ward
Yellen sanctions La Nueva Familia Michoacana cartel, issues new bank guidance

(NewsNation) — U.S. Treasury Secretary Janet Yellen announced Thursday new sanctions against members of a Mexican drug cartel accused of trafficking fentanyl, cocaine, meth and migrants through the U.S.-Mexico border. Included …

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G7 aims to tap income from US$300 billion frozen Russian assets to help Ukraine

by Ron Morgan
G7 aims to tap income from US0 billion frozen Russian assets to help Ukraine

G7 negotiators have been discussing for weeks how to best exploit the assets, such as major currencies and government bonds, which are mostly held in European-based depositories. The cautious wording …

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US at G7 to keep pressing China to halt its Russia military support, seeking Ukraine war stoppage

by Walter Watson
US at G7 to keep pressing China to halt its Russia military support, seeking Ukraine war stoppage

The US treasury chief has sought to maintain the Biden administration’s collaboration with American financial institutions, highlighting the potential sanctions for entities that supply Russia’s military-industrial complex. China’s engagement with …

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Opinion | US concern about China’s overcapacity is a non-issue, just like in 2009

by Walter Watson
Opinion | US concern about China’s overcapacity is a non-issue, just like in 2009

Lu Feng, emeritus professor of economics at Peking University, recently shed light on the dimensions of the current wave of overcapacity. He pointed to sectors including petrochemicals, semiconductors, autos, new …

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No imminent US sanctions on Chinese banks for their trade with Russia: Janet Yellen

by Walter Watson
No imminent US sanctions on Chinese banks for their trade with Russia: Janet Yellen

“We’ve had intensive discussions with the Chinese about this. I think they understand our position, and it is a tool that’s available,” she said. In December, US President Joe Biden …

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Janet Yellen in China: how far did trip move the ball for US-China relations as presidential election looms?

by Walter Watson
Janet Yellen in China: how far did trip move the ball for US-China relations as presidential election looms?

The week-long trip to China by US Treasury Secretary Janet Yellen sidestepped core economic disputes, and without headway, analysts said the pressure of November’s presidential election could force the Biden …

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Janet Yellen praises ties with Chile, a vital part of EV supply chain

by Walter Watson
Janet Yellen praises ties with Chile, a vital part of EV supply chain

US Treasury Secretary Janet Yellen championed robust US relations with Chile on Saturday, saying that the two nations could help one another achieve goals involving climate and energy. Yellen’s comments, …

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Senior Chinese and US finance officials agree to ‘continue to meet regularly’ amid discord

by Walter Watson
Senior Chinese and US finance officials agree to ‘continue to meet regularly’ amid discord

During a separate meeting with the American delegation on Friday, Vice-Premier He Lifeng said China was willing to work with the US to implement the important consensus reached in San …

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China: Janet Yellen says Trump administration’s China policies left US more vulnerable

by Ron Morgan
China: Janet Yellen says Trump administration’s China policies left US more vulnerable

Treasury Secretary Janet Yellen said former President Donald Trump’s policies toward China left America “more vulnerable and more isolated” in the global economy, a rare jab by her at the …

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