Advertisement
Advertisement
TOPIC

United States Department of the Treasury

United States Department of the Treasury
The latest news and top stories on the United States Department of the Treasury. A prominent Washington DC-based governmental body established in 1789, the US Department of the Treasury is dedicated to promoting economic prosperity and ensuring the financial security of the United States. Its main areas of focus include managing federal finances, collecting taxes, producing currency and coinage and advising on domestic and international economic policy. The institution is recognised for its crucial role in shaping both domestic and global economic policies, acting as a steward of the US financial system.
A woman holds up a poster mocking US President Donald Trump while others carry portraits of Iran’s slain supreme leader Ayatollah Ali Khamenei and his son, Mojtaba Khamenei, during a rally in Tehran on April 9. Photo: AFP
US, Israel war on Iran

Iranian leaders admit economic toll of war with US as trade drops 35%

With the war now at the six-month mark, the Trump administration has stepped up efforts to punish Iran financially with an ‘economic D-Day’.

videocam
4
US-China relations

US Treasury sanctions Hong Kong-based firm over Iran money laundering ties

videocam
22
United States

Macroscope | US markets are paying the price for Trump’s reckless policies

videocam
18
2026 Xi-Trump summits

China vows payback for US Iran sanctions, testing stability ahead of summit

Beijing warns economic pressure will fail; semi-official Track 1.5 dialogue targets risk control before Chinese president visits US.

videocam
82
As the US imposed fresh sanctions on Chinese entities, US Treasury said it had “mapped the networks, facilitators and financial channels that Iran uses to smuggle oil, evade sanctions and fund terror”. Photo: Xinhua
US Federal Reserve

US Treasury bond buy-back reinforces gold debasement trade ahead of Jackson Hole

Treasury buy-backs bolster gold’s rally as investors await US Federal Reserve’s annual meeting at Jackson Hole.

5
China-Latin America relations

US targets China’s telecoms grip in Venezuela with new sanctions carve-out

Move could test Huawei and ZTE’s long-standing foothold as Washington extends its China reach from oil to another strategic sector.

videocam
7
Advertisement
Advertisement
Advertisement
US, Israel war on Iran

China vows to safeguard interests after ‘Economic D-Day’ sanctions over Iran ties

Washington warns Iran-linked entities face removal from US dollar system as Trump presses world leaders to cut financial ties.

videocam
136
Oil tankers pass through the Strait of Hormuz, a crucial route for China’s energy supplies. Photo: Reuters
US, Israel war on Iran

Iran condemns US plans to announce new sanctions

Warning that nations joining the US ‘economic war’ would be deemed enemies, Iran said the move could affect trading partners including China.

10
Africa

20 sailors kidnapped by Somali pirates near Yemen on US-sanctioned ship

The hijacking comes amid a resurgence of piracy that has seen six commercial vessels seized since April across the Gulf of Aden and western Indian Ocean.

United States

As I see it | The US is telling its trading partners – do as I say, not as I do

While Washington says it is monitoring certain countries, including Japan, for foreign exchange interventions, it also coordinated with Tokyo to prop up the yen.

15
US Treasury Secretary Scott Bessent speaks to reporters as he walks to the West Wing following an interview at the White House in Washington on August 20. Photo: EPA
China-Latin America relations

Peru vows to apply Hong Kong trade deal, but is silent on mainland China

Prime Minister Luis Galarreta says country aims to become trade and investment bridge between South America and Asia-Pacific.

videocam
Peru’s new government did not mention the Chinese-built Chancay megaport, operated by Cosco Shipping, in its first comprehensive policy programme. Photo: Handout
US-China relations

US pushes China to back its ‘most crushing economic operation’ against Iran

US Treasury Secretary Scott Bessent tells Beijing to ‘get with the programme’ and support Washington’s campaign to isolate Iran economically.

videocam
77
Mainland China

US Treasury Department steps in amid bond rout: will it work?

Analysts said the impact on global asset allocations would depend on whether the move could bring long-end Treasury yields sustainably lower.

8
Banking & finance

China and US bond markets head in opposite directions

The US Treasury tried to cool rising borrowing costs in the dollar debt market with a surprise intervention, while yields in China are near the lowest in a year.

Bond yields displayed on a pedestrian walkway in Shanghai. Photo: AFP
United States

US debt hits US$40 trillion high, raising ‘doom loop’ risk

Total public debt has surged by a third in under five years, and there’s no end in sight.

11
People pass in front of a billboard showing the US national debt in Washington on Wednesday. Photo: AFP
US-China relations

US Democrats rebuke Trump for easing sanctions on Beijing, Hong Kong officials

Lawmakers said sanctions should remain as mainland Chinese, Hong Kong officials were ‘complicit in Beijing’s dismantling of Hong Kong’s autonomy’.

videocam
14
United States

US sanctions International Criminal Court chief Tomoko Akane

Senior ICC lawyer Abdoulaye Seye, who was on the prosecution team that sought an arrest warrant for Israeli PM Netanyahu, was also targeted.

5
Advertisement
Advertisement
Advertisement
United States

How US could squeeze Iran with economic isolation – and the risks involved

The Treasury Department is exploring targeting Chinese banks, shadow fleets and exchange houses, but secondary sanctions risk economic blowback.

videocam
US Treasury Secretary Scott Bessent speaks to members of the media at the White House in July. Photo: Reuters
US, Israel war on Iran

US shifts Iran war goal, says cheaper oil for Americans is top priority

In a bid to reopen the Strait of Hormuz, Treasury Secretary Bessent threatened to subject Tehran to unprecedented economic sanctions.

videocam
16
Crime

Alleged Irish crime boss charged in Dublin after extradition from Dubai

Daniel Kinahan remanded in custody over charges of directing an international crime group following handover by UAE authorities.

Banking & finance

Macroscope | US efforts to prop up the yen risk doing more harm than good

Reversing the yen’s long-term decline ultimately rests on Japan’s ability to take its real interest rates out of negative territory – without triggering market panic.

A person walks past an electronic board showing Japan’s Nikkei index chart in Tokyo on August 6. At a time when the US is the main source of volatility in global markets, Washington’s participation in the Japanese currency intervention adds another layer of uncertainty. Photo: AP
US-China relations

US sanctions Mahan Air’s China network over alleged support for Iran’s IRGC

Two Shanghai companies and a Chinese executive targeted as Washington expands pressure campaign from Iranian oil to aviation and cargo.

videocam
4
Mahan Air has been under US sanctions since 2011 over its alleged support for Iran’s Islamic Revolutionary Guard Corps. Photo: Reuters
Southeast Asia forced-labour scams

China charges alleged scam kingpin Chen Zhi with intentional injury: report

Extradited from Cambodia six months ago, Chen faces fresh count that could lead to the death penalty.

videocam
US-China relations

US lets Hong Kong emergency expire but keeps preferential treatment restrictions

State Department says 2020 order remains in effect as city still lacks sufficient autonomy for different treatment from mainland China.

15
US, Israel war on Iran

US strikes Iran, revokes oil waiver after attacks on ships in Hormuz

Iran targets Bahrain and Kuwait after the US military said it hit over 80 targets in the Islamic Republic.

videocam
17
Smoke rises at an unknown location in a new wave of strikes against Iran on Tuesday. Photo: US Central Command via Reuters
Hong Kong politics

American envoy in Hong Kong upbeat on US-China ties, aims to engage officials

US Consul General Julie Eadeh says recent Xi-Trump summit set a vision for continued dialogue despite challenges.

videocam
US Consul General Julie Eadeh is flanked by Deputy Financial Secretary Michael Wong (left) and Hua You, deputy commissioner of the foreign ministry’s office in Hong Kong. Photo: Dickson Lee
US, Israel war on Iran

Vance calls Iran deal a ‘win-win’ as Trump lashes out at ‘fools’ who oppose it

US Vice-President also claims Iran will not receive money or sanctions relief unless it meets the obligations outlined in agreement.

videocam
16
US, Israel war on Iran

The US and Iran publish their official agreement. Here’s what’s in it

The 14-point document was released following days of outcry over Trump administration’s lack of transparency regarding its details.

videocam
25
Advertisement
Advertisement
Advertisement
Help preserve 120 years of quality journalism.
SUPPORT NOW
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement