united states treasury

US Treasury Secretary Scott Bessent announced the US will not renew a waiver allowing the purchase of Russian oil currently at sea. He also stated that another waiver for Iranian oil is "totally off the table." This decision comes after a recent extension of the waiver for Russian oil, which was intended to stabilize global energy markets.

FIFA is poised to secure federal tax exemptions for teams at the 2026 World Cup in the United States, easing a major financial concern for participating nations. However, uneven state and city taxes still leave disparities, particularly affecting smaller associations, meaning the tournament’s financial landscape remains complex despite progress in negotiations with US authorities.

Larry Summers is leaving his academic positions at Harvard University. This follows revelations about his extensive communications with Jeffrey Epstein. Summers had served as Harvard's president and held other influential roles. His departure from formal duties marks a significant shift. Harvard continues its review of ties to Epstein. Summers will now focus on independent commentary on global economic issues.

Financial software firm HighRadius has reduced its exposure to Silicon Valley Bank. Its president and CEO Sashi Narahari, in an email to employees on Saturday, said SVB has been the company’s primary bank for several years.

The United States is transferring an additional $1 billion to Ukraine as it fights to resist Russia's invasion, US Treasury Secretary Janet Yellen said Monday. This would be the first tranche of about $10 billion the US will provide in the coming months, she said in a speech in Kyiv.

After increasing the holding of US government securities for two straight months, India sharply trimmed its exposure by a staggering $21 billion to $156.5 billion in March. The latest holding is also the lowest in 11 months. In April last year, the same stood at $155.3 billion, according to data from the US Treasury Department.

Sundar Nagarajan, the Indian citizen accused of helping to fund Lebanese terrorist group Hezbollah, has out of the blue consented to his extradition to the US. Nagarajan (66), who was born in Madurai, Tamil Nadu, and now a retired accountant living in the UK since 2016, is accused by the US of being involved in a vast money laundering and sanctions evasion network which facilitated the payment, shipment, and delivery of cash, diamonds, art, and luxury goods for the benefit of Nazem Ahmad, alleged to launder money through his companies for Hezbollah.

The Fed’s new monetary policy strategy, unveiled at the start of an annual central banking conference, pledges to address “shortfalls” from the “broad-based and inclusive goal” of full employment, a nod to racial equity and its role in promoting economic growth.

Banga's appointment has been derided by critics for his corporate ties at a time when there is a push to reform lenders worldwide

The United States has issued sanctions targeting four individuals linked to Russia's Federal Security Service (FSB), citing its Global Magnitsky authority, a notice posted on the US Department of Treasury website on Thursday said.

The rupee on Thursday surged 24 paise to close at a one-week high of Rs 69.44 against the US currency on the back of a rally in equities and losses in the dollar after the US Federal Reserve hinted at a possible rate cut in near future. The rupee rose to a high of 69.35 to the dollar in the day trade on the US Federal Reserve's comments that a case for a rate cut has strengthened in view of the US-China trade war and low inflation.

Microsoft Corp said on Sunday that it would continue discussions to acquire popular short-video app TikTok from Chinese internet giant ByteDance, and that it was aiming to conclude the negotiations by September 15.

In the latest development pertaining to the controversial case involving TM Ramalingam, a 46-year-old businessman from Dharapuram from whom International Bills of Exchange worth $ 5 billion were seized, Income Tax department sleuths have received oral communication, from Barcalays bank India Head Office in Mumbai, that the bills were forged documents.

He called it a “poisoned chalice” and said, “who knows what’s going to happen with that deal.” Gates further said that being in the social media business is “no simple game.”

US President Donald Trump has agreed to give China's ByteDance 45 days to negotiate a sale of popular short-video app TikTok to Microsoft Corp, two people familiar with the matter said on Sunday.

Chinese state-sponsored hackers breached the US Treasury Department, accessing unclassified files on computers of top officials including Secretary Janet Yellen. Over 400 devices were compromised using a third-party software vendor's security flaws. The incident is under investigation as a major cybersecurity breach.

Thomas said that the rate of generation of employment in India slowed down in post-1990s compared to the 1980s.