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US treasury secretary Scott Bessent criticised China’s decision to tighten control of rare earth exports, calling it a “mistake” that cautioned everyone.Reflecting on China’s decision to introduce new export restrictions in October, Bessent said the move had revealed Beijing’s willingness to weaponise rare earths, a group of minerals that are vital to defence systems, electric…
The central bank has added 600 kilograms to its gold reserves this fiscal year. (Representative image) In a strategic shift, India is betting on gold rather than dollar-based assets for its foreign exchange reserves. The Reserve Bank of India (RBI) is showing a preference for gold over dollar-based investments, data suggests. As of October 10,…
In a sign of growing US-China trade tensions, America’s Treasury Secretary Scott Bessent on Wednesday called Beijing’s trade official ‘unhinged’, likening him to a wolf warrior – a term normally used for aggressive Chinese diplomats.The stabilising US-China diplomatic relations deteriorated recently following American expansion of technology restrictions and proposed tariffs on Chinese vessels at US…
FILE – President Donald Trump, left, shakes hands with China’s President Xi Jinping during a meeting on the sidelines of the G-20 summit in Osaka. AP/PTI(AP10_13_2025_000160B) US Treasury Secretary Scott Bessent has accused China of attempting to undermine the global economy by imposing export controls on critical rare earth minerals and resources essential for technology…
The meeting between US President Donald Trump and Chinese President Xi Jinping is still very much on the table even as the two countries get embroiled in escalating trade tensions.US treasury secretary Scott Bessent on Monday said that he still expects a meeting between the two presidents.“He will be meeting with Party Chair Xi in…
The US Treasury is considering a $1 coin featuring President Donald Trump to mark the country’s 250th anniversary, a Treasury spokesperson said on Friday. In a post on X, Treasurer Brandon Beach shared a coin draft and said that the first drafts, photos shared by a user on X, honor America’s 250th Birthday. “No fake…
