Latest news with #SteveMnuchin
France 24
16-07-2025
- Business
- France 24
US deports five migrants convicted of crimes to Eswatini
Also, a massacre took place in Sudan's North Kordofan region, with 200 people buried in a single day following a brutal attack by the Rapid Support Forces (RSF). According to survivors, the RSF shelled homes and burned families alive as they stormed the village of Shaq al-Nom. Nearly 300 people are feared dead in nearby villages. The paramilitary group is trying to take control of key fuel routes before the rainy season halts their advance. The ongoing conflict with the country's army has already displaced 14 million people and shows no sign of slowing. And tensions are mounting in Durban as G20 finance ministers prepare to meet without U.S. Treasury Secretary Steve Mnuchin, who has skipped the gathering for the second time. South Africa, which is holding the G20 presidency for the first time, is promoting an 'African agenda', with a focus on climate change, cheaper capital and a cross-border payment system designed to boost intra-African trade. However, discussions are overshadowed by Donald Trump's tariff threats, including a 10% tariff on all U.S. imports and potential penalties for BRICS nations promoting alternatives to the dollar.
Fox News
11-06-2025
- Business
- Fox News
Gen. Jack Keane declares 'the services are back' amid record recruiting
All times eastern FOX News Radio Live Channel Coverage WATCH LIVE: Trump's treasury secretary testifies on Capitol Hill after reaching China deal
Free Malaysia Today
22-05-2025
- Business
- Free Malaysia Today
Ringgit strengthens on weaker US economic data
KUALA LUMPUR : The ringgit opened higher against the US dollar on Thursday as the greenback depreciated due to weaker US economic data recorded, an analyst said. At 8am, the local note rose to 4.2590/4.2895 against the greenback from Wednesday's close of 4.2685/4.2735. Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid said the weak US dollar environment seems persistent following the Moody's downgrade of the country's sovereign rating last week. 'The US Dollar Index (DXY) continues to slip to 99.605 points, while the US Treasury yields rose five and 12 basis points to 4.02% and 4.60%, respectively. 'The 20-year US Treasury bond auction saw its yield jump to 5.10% from the previous auction of 4.81%,' he noted. Afzanizam said former US treasury secretary Steve Mnuchin has indicated his concern over swelling budget deficits rather than trade deficits, and the US government ought to cut its spending. He noted that the Trump administration aims to extend the 2017 tax cut, raise the state and local government tax (Salt) cap, and implement significant changes to Medicaid and energy subsidies. At the opening, the ringgit traded mostly higher against a basket of major and regional currencies. It appreciated against the euro to 4.8267/4.8613 from Wednesday's 4.8379/4.8436, and strengthened versus the British pound to 5.7160/5.7569 from 5.7241/5.7308, but eased against the Japanese yen to 2.9648/2.9863 from 2.9642/2.9679. Against regional peers, it inched up versus the Singapore dollar to 3.3033/3.3278 from 3.3071/3.3115, gained against the Indonesian rupiah to 259.6/261.7 from 260.2/260.7, and inched higher vis-a-vis the Philippine peso to 7.65/7.71 from 7.67/7.68. However, it inched lower against the Thai baht to 13.0217/13.1262 from 13.0121/13.0353.
