More Than Half Of U.S. Treasury Rent Relief Funds Deployed Through January -Adeyemo
More than $25 billion from the U.S. Treasury Department's Emergency Rental Assistance program has been spent or obligated over the past year through January 2022, Deputy U.S.
Ukraine War Adds To Economic, Social Setbacks For Women -IMF's Georgieva
The war in Ukraine has worsened a difficult period for women, who have seen major economic and social setbacks prompted by the COVID-19 pandemic, International Monetary Fund Managing Director Kristalina Georgieva told the U.N.
Yellen Says Biden Economic Plan To Spread Growth Across More 'Places And Races'
U.S. Treasury Secretary Janet Yellen said on Friday the Biden administration's economic agenda will not only expand the productive capacity of the U.S.
Yellen Says U.S. Will Address Potential Leakages In Russia Sanctions
Yellen said the hard sanctions slapped on Russia were having a significant impact, as reflected in the rouble's sharp fall.
Yellen Says U.S. Will Address Potential Gaps In Russia Sanctions
The United States will address potential gaps in tough sanctions imposed on Russia over its invasion of Ukraine, U.S.
Yellen Says Treasury To Curb Wealth Of Russian Oligarchs Over Ukraine War
U.S. Treasury Secretary Janet Yellen said on Wednesday that the United States and Western allies have immobilized half of the assets of the Russian central bank and will continue to impose "severe consequences" on Russian President Vladimir Putin and the wealthy oligarchs who support him if he escalates his war in Ukraine.
Yellen To Tout Biden's Economic Agenda, Russia Sanctions In Chicago
U.S. Treasury Secretary Janet Yellen travels to Chicago on Wednesday to amplify President Joe Biden's State of the Union messages on punishing Russia for its invasion of Ukraine and advance his economic agenda, including investments in child care, education and clean energy.
Exclusive-World Bank Pushes For $350 Million Ukraine Loan Approval Within Days -sources
The World Bank is pushing for "fast-track" approval of an additional $350 million loan for Ukraine within days, to provide emergency cash for its efforts to defend against Russia's invasion, people familiar with the plans said.
U.S. Republicans Urge Yellen To Block Russia From Exchanging IMF Reserves
U.S. Treasury Secretary Janet Yellen must block Russia from exchanging the $17 billion in International Monetary Fund reserves it received last year and oppose any further such IMF allocations, U.S.
World Bank May Be Able To Disburse Ukraine Aid Funds In Days - Malpass
World Bank President David Malpass said on Sunday the bank may be able to provide Ukraine with more financial resources within days and that additional aid for the war-torn country will be discussed by G7 finance leaders on Tuesday.
China So Far Not Helping Russia Evade Western Sanctions - U.S. Official
China so far does not appear to be helping Russia evade Western financial sanctions on Moscow over its invasion of Ukraine, but doing so would "do profound damage" to China's reputation, a senior Biden Administration official said on Saturday.
Exclusive-Biden To Nominate Economist Shambaugh As U.S. Treasury's International Chief
U.S. President Joe Biden intends to nominate Jay Shambaugh, a George Washington University professor and former Obama administration economic adviser, as the U.S.
Biden To Nominate Economist Shambaugh As U.S. Treasury's Int'l Chief
U.S. President Joe Biden will nominate Jay Shambaugh, a George Washington University professor and former Obama administration economic adviser, as the U.S.
World Bank, IMF Say They Are Working To Keep Ukraine Staff Safe
The World Bank and International Monetary Fund said on Thursday they were working to keep their remaining employees in Ukraine safe amid a Russian invasion while the institutions' leaders said the conflict was greatly raising economic risk in the region.
World Bank Preparing Ways To Support Ukraine As Fallout Assessed
The World Bank said on Thursday it was preparing options to provide immediate support to Ukraine's government, as the development lender and the International Monetary Fund assess the economic fallout from the conflict in Ukraine.
USTR Says New Trade Tools Needed To Fight China State-led Trade
The United States needs to pursue new strategies and update its domestic trade tools to deal with China's "state-led, non-market policies and practices", the U.S.
Canada Says USMCA Panel Finds U.S. Solar Tariffs Violate Trade Pact
Canada prevailed on Tuesday in a challenge to U.S.
World Bank Relocates Some Staff From Ukraine, Operations Continue
The World Bank said on Monday it is temporarily relocating some of its staff from Ukraine and has suspended missions to the country due to the tensions on the border with Russia, but its Ukraine financing operations would continue.
World Bank, IMF Relocate Some Staff From Ukraine, Operations Continue
The World Bank and International Monetary Fund said on Monday they had temporarily relocated some staff from Ukraine amid rising concerns about a potential Russian invasion, but both institutions said their lending and support work in Ukraine was continuing.
Analysis-Truckers At Ambassador Bridge In Perfect Spot To Threaten U.S.- Canada Trade
Canada's trucker protesters could not have picked a better spot to disrupt the export-driven country's economy, or the North American auto industry, than the four-lane Ambassador Bridge between Detroit and Windsor, Ontario, trade experts say.
New China Tariff Probe Among Options Considered By Biden -U.S. Chamber
USA-TRADE-CHINA:New China tariff probe among options considered by Biden -U.S. Chamber
US To Seek Currency Chapters In Trade Talks With Japan, Others: Mnuchin
U.S. Treasury Secretary Steven Mnuchin said on Saturday that Washington wants to include a provision to deter currency manipulation in future trade deals, including with Japan, based on the currency chapter in the new deal to revamp NAFTA.
World Bank Launches 'Human Capital' Rankings Based On Health, Education
The World Bank Group unveiled a new system on Thursday to rank countries based on their success in developing human capital, an effort to prod governments to invest more effectively in education and healthcare.
IMF Cuts World Economic Growth Forecasts On Tariff War, Emerging Market Strains
IMF cut its global economic growth forecasts for 2018 and 2019, saying the U.S-China trade war was taking a toll and emerging markets were struggling with tighter liquidity and capital outflows.
Japan Dodges US Auto Tariffs, As Trump, Abe Agree On Trade Talks
President Donald Trump and Japanese Prime Minister Shinzo Abe agreed Wednesday to start trade talks in an arrangement that, for now, protects Japanese automakers from further tariffs, seen as a major threat to the export-dependent economy.
US Says Canada Not Making Concessions Needed For NAFTA Deal
President Donald Trump's administration recently began increasing the pressure on Canada, urging it to conclude a deal by Sunday or face exclusion.
US-China Relations: US Trade Chief Says China Policy Change 'Not Going To Be Easy'
Trump’s top trade official said on Tuesday that changing China’s economic policies to become more market-oriented “is not going to be easy” even with tariffs now in place on $250 billion worth of Chinese goods.
Trump Slaps Tariffs On $200B In Chinese Goods, Spares Some Consumer Tech
It exempted smartwatches from Apple and Fitbit and other consumer products such as bicycle helmets and baby car seats.
US-Canada Trade Talks Grind On, But 'Final' Issues Unresolved
A few stubborn issues stand in the way of a deal, including dairy quotas, protection for Canadian media companies, and how to resolve future trade disputes.
NAFTA News: Canada, US Resume Talks To Salvage Trade Pact
The United States and Canada reopened talks on Wednesday in a bid to salvage the North American Free Trade Agreement amid a threat by President Donald Trump to proceed alone with a new pact with Mexico.