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...Drawing on the historical example of China flooding global steel markets, the US Treasury secretary said previous bouts of overcapacity had “decimated industries across the world and in the United States...
...On Thursday, former Treasury secretary Steven Mnuchin said he was putting together a consortium to make a bid for the platform, although he did not provide details on how he would finance the transaction...
...Yellen delivered her message to Beijing from a solar energy manufacturer in Georgia on Wednesday, just days before her second trip to China as Treasury secretary....
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...Treasury secretary Janet Yellen raised the issue of Chinese overcapacity during a visit to Beijing this month....
...The number of problem banks in the US has jumped 18 per cent, regulators warned yesterday, as New York Community Bank was stabilised by a $1bn capital raise led by former US Treasury secretary Steven Mnuchin...
...Maybe a second Trump administration would repeat the pattern of the first and outsource most fiscal decision-making to the (relatively) steady hand of Steven Mnuchin, his former Treasury secretary....
...“The scale of subsidies just dwarfs what we see in OECD economies,” a Treasury official said during the trip, noting that the excess capacity was having “global spillovers”....
...Meanwhile, former Treasury secretary Steven Mnuchin said he was interested in owning the Chinese-owned company. “It’s a great business,” he said in an interview with the CNBC television channel....
...US secretary of state Antony Blinken spoke to counterparts, including Chinese foreign minister Wang Yi, this week amid mounting concern in Washington of an imminent attack by Iran....
...Elections in Ukraine have also been suspended during the country’s state of emergency....
...Luis Almagro, secretary-general of the Organization of American States, a regional group, said Ecuador’s actions could not be allowed to set a precedent....
...Janet Yellen, US treasury secretary, on Tuesday said the administration was poised to take “additional sanctions action against Iran in the coming days”....
...“This trip underscores Secretary Yellen and the Biden administration’s commitment to establishing resilient channels of communication between the United States and China,” said a Treasury official....
...“We’re not gonna do anything,” one official said. “The whole corner-crossing stuff is so up-in-the-air in the state.”...
...Biden’s intervention in Arizona — one of a handful of swing states that will decide the US presidential election pitting him against Donald Trump — comes as the Democratic president is trying to boost his...
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