Latest News, Updates & Breaking Headlines
US Secretary of Treasury Scott Bessent The US directly purchased Argentine pesos on Thursday and finalised a $20 billion currency swap framework with Argentina’s central bank, said treasury secretary Scott Bessent. The move is intended to provide assistance amid the Latin American country’s economic turmoil. In a social media post on X, Bessent wrote, “US…
South Korea and the United States have reached a preliminary agreement on security, as both countries continue to negotiate trade and tariff issues, according to Yonhap news agency.In an interview published on Thursday, South Korean foreign minister Cho Hyun said that the US is currently reviewing a currency swap deal, a key demand from Seoul…
The US Treasury is in discussions with Argentina to provide a $20 billion swap line to the South American country’s central bank, Treasury Secretary Scott Bessent said Wednesday, as right-wing President Javier Milei seeks to stabilise markets ahead of upcoming midterm elections. Following the announcement, the Argentine peso gained 2.4 percent to 1,333.90 per dollar.“The…
