Page 4 - Us Treasury

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

Enter the green age: The financial journey cannot be full of potholes

The details of the transition towards climate-change-related finance will require deft handling

Global economy is in a better place today: US Treasury Secy Janet Yellen

US Treasury Secretary Janet L Yellen on Thursday said the global economy is in a better place today than many predicted just a few months ago, and the outlook has improved. She also stressed on the need for working together to ease the debt overhang that is holding back too many countries. "While there are significant headwinds, it's fair to say that the global economy is in a better place today than many predicted just a few months ago. In the fall, many were worried about a sharp economic slowdown across the world. The challenges we face are real, and the future is always uncertain. But the outlook has improved since we gathered in the fall," Yellen said. Speaking to reporters here, she said, in its most recent estimates, the IMF forecasts global growth of 3.2 per cent during 2023 a notable upgrade from its October report. The progress on our global macroeconomy is a result of our collective work, and it underscores the importance of redoubling our efforts going forward, she ..

Taking extraordinary steps on debt limit, says US treasury secretary

US Treasury Secretary Janet Yellen sent a letter on Tuesday to congressional leaders saying she's suspending the reinvestment of federal bonds in a government workers' savings plan an additional extraordinary" measure to buy time for President Joe Biden and Congress to raise the nation's debt limit. The government bumped up against its legal borrowing capacity last Thursday, prompting Treasury to take accounting steps regarding federal employees' retirement and health care plans that will enable the government to stay open until roughly June. Yellen said in the letter that as of Monday she also determined that the government will be unable to invest fully in the government securities portion of the thrift savings fund in the federal employees' retirement system. She noted that her predecessors have taken a similar action in the past, noting that by law the accounts will be made whole once the debt limit is increased or suspended. But it's an open question to how the White House an

US Treasury Secy dismisses idea of minting $1 tn to prevent debt default

Yellen dismissed the idea as a "gimmick" which the Federal Reserve was unlikely to follow through

US hits debt ceiling, Treasury Department takes measures to finance govt

Treasury Secretary Janet Yellen announced in a letter to House Speaker Kevin McCarthy that her department would put the temporary brakes on new investments

Dollar edges to one-week high vs yen amid spike in Treasury yields

The greenback dropped as low as 130.58 yen that day for the first time since early August as traders speculated about an eventual end of BOJ stimulus