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Bessent Convenes G20 Finance Chiefs To Confront China's $1.2 Trillion Trade Surplus
Bessent Convenes G20 Finance Chiefs To Confront China's $1.2 Trillion Trade Surplus
Treasury Secretary Scott Bessent will meet with G20 finance ministers and central bank governors later today in Asheville, North Carolina, to discuss strategies for reviving economic growth, correcting global imbalances, reassessing trade relationships with China, and addressing the sovereign debt mess.
The agenda today will also include plans to deepen Iran's economic isolation, Reuters reported, citing a senior US Treasury official. The discussions signal a continuation of the financial-pressure campaign Bessent unveiled last week (read here).
"The world cannot have...
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Sep 3, 2026 / Tyler Durden
Australia, US To Speed Up Defense Cooperation, Permanent US Submarine Force On Track
Australia, US To Speed Up Defense Cooperation, Permanent US Submarine Force On Track
Authored by Monica O'Shea via The Epoch Times,
Australian leaders have pledged to speed up defence cooperation during high level talks.
Australia's Defence Minister Richard Marles met U.S. Secretary of War Pete Hegseth at the Pentagon and Vice President JD Vance on Sept. 2.
A Pentagon readout of the Hegseth meeting said "both leaders agreed to accelerate force posture initiatives at Australian bases, bolster cooperation in combined logistics, and build greater interoperability through joint exercises. "They also discussed progress on...
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Jun 7, 2026 / Tyler Durden
Bessent Examining Use Of Frozen Iranian Assets To Help Gulf Countries Rebuild
Bessent Examining Use Of Frozen Iranian Assets To Help Gulf Countries Rebuild
Treasury Secretary Scott Bessent is reportedly pursuing a pathway to repurpose Iranian assets to compensate Amerca's Gulf allies which have suffered significant damage due to Iran's attacks in the wake of Trump's Operation Epic Fury.
Over eighty oil, gas, and vital infrastructure facilities across the Gulf have been hit - with most of the attacks having occurred in March and April - with one recent report estimating up to $58 billion in damage. Iran has sought to justify these...
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Jun 8, 2026 / Tyler Durden
Futures Rebound, Oil Pares Gain After Iran Declares End To Military Operations
Futures Rebound, Oil Pares Gain After Iran Declares End To Military Operations
US stocks futures rebounded and oil pared much of its overnight gains, following a declaration from Iran that military operations against Israel ended after the biggest military escalation between Iran and Israel overnight. As of 8:00am ET, S&P futures rose 0.7% while those for the Nasdaq 100 climbed 1.4%, with Mag 7 stocks trading mostly higher in premarket trading ahead of Apple's WWDC keynote later today, which may boost the Mag 7 group. Chipmakers that were the hardest hit in Friday’s...
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