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The Latest Breaking News from Janet Yellen

Janet Yellen pushes to diversify global trade away from "unfair" China

"We cannot allow countries like China to use their market position in key raw materials, technologies, or products to disrupt our economy."

Axios

Yellen vows tough U.S. measures against countries abusing economic order

(Removes repeated sentence)

Reuters

Putin says progress in Ukraine grain talks thanks to Erdogan

Russian President Vladimir Putin on Tuesday thanked Turkish President Recep Tayyip Erdogan for mediating talks on the export of grain from Ukraine, saying there was some progress. Iran's Supreme Leader Ayatollah Ali Khamenei told Putin that Tehran and Moscow need to stay vigilant against "Western deception", calling for long-term cooperation…

France 24

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For G20, Ukraine war an obstacle to cooperation on global economy

Finance ministers and central bank governors fail to sign communique amid divisions over Russia’s invasion of Ukraine.

Al Jazeera

Yellen calls out China trade practices in South Korea visit

Treasury Secretary Janet Yellen says the U.S. and South Korea should deepen their trade ties to avoid working with countries that use their market positions to unfair advantage

The Independent UK

US says talks with India on price cap on Russian oil ‘encouraging’

India has not made any promises on price cap but did not ‘express hostility to this idea’, US official says

The Independent UK

U.S. wants to end dependence on China rare earths

The United States wants to end its "undue dependence" on rare earths, solar panels and other key goods from China to prevent Beijing from cutting off supplies as it has done to other countries, U.S. Treasury Secretary Janet Yellen said.

Reuters

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U.S., allies cannot allow China to dominate raw materials, technologies - Yellen

U.S. Treasury Secretary Janet Yellen will call on Tuesday for deeper trade ties among allies to fortify their supply chains, combat inflation and thwart China's "unfair trade practices" and efforts to dominate key raw materials and technologies markets.

Reuters

U.S.'s Yellen says any N. Korean nuclear test would be very provocative

The United States has further sanctions it could adopt against North Korea, U.S. Treasury Secretary Janet Yellen told Reuters on Monday, adding that any nuclear test by Pyongyang would be seen as very provocative.

Reuters

Oil Prices Extend Gains

Oil prices extended gains on Monday, propped up by a weaker dollar and tight supplies that offset concerns about recession and the prospect of widespread COVID-19 lockdowns in China again reducing fuel demand. Brent crude futures for September settlement rose 69 cents, or 0.7%, to $101.85 a barrel by 0421…

Asharq Al-Awsat

G-20 finance chiefs blame Russia as path to soft landing narrows

Finance chiefs from the world’s biggest economies lined up to blame Russia for the global inflation wave and sharply deteriorating growth outlook.

Tribune News Service

G-20 finance meeting ends without a communique but progress on food

Division over Russia’s war in Ukraine meant a meeting of Group of 20 finance chiefs ended without the usual communique, though there was incremental progress on issues such as food and energy security.

Tribune News Service

Yellen sees room for meaningful deal with Manchin over meds, ACA

WASHINGTON — U.S. Treasury Secretary Janet Yellen said the Biden administration can and should still move ahead with important legislation that will help lower costs for American consumers, despite the blow to a wider fiscal package from Democratic Sen. Joe Manchin of West Virginia.

Tribune News Service

Few policy breakthroughs at G20 meeting amid divisions over war in Ukraine

Finance chiefs from the Group of 20 major economies have pledged to address global food insecurity and rising debt at a two-day meeting in Indonesia, but made few policy breakthroughs amid divisions over Russia's war in Ukraine.

Radio France Internationale

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The Independent UK

G20 finance meetings in Bali overshadowed by war in Ukraine

Financial leaders of the Group of 20 richest and biggest economies have wrapped up meetings on the Indonesian resort island of Bali without a final joint communique

Reuters

Yellen says she had 'productive' meetings on Russian oil price cap

U.S. Treasury Secretary Janet Yellen said on Saturday she had productive meetings about a proposed price cap on Russian oil with a host of countries on the sidelines of a meeting of the finance chiefs of the Group of 20 major economies.

Reuters

Indonesia calls for G20 joint ministerial forum to tackle food crisis

Indonesian Finance Minister Sri Mulyani Indrawati on Friday called for a joint forum involving G20 finance and agriculture ministries to come up with concrete action to tackle growing food insecurity and a looming fertilizer supply crisis.

Reuters

World Bank chafes at lower capital requirements recommended in G20 report - sources

The World Bank is seeking to block release of a report prepared for the Group of 20 major economies that calls for lowering the bank's capital requirements to boost its lending capacity, four sources familiar with the matter said.

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Bangkok Post

G20 called on to address short-term food insecurity crisis

NUSA DUA, Indonesia: United States Treasury Secretary Janet Yellen on Friday urged Group of 20 (G20) major economies to take urgent action to address a short-term food insecurity crisis exacerbated by Russia's war in Ukraine and avoid market-distorting export restrictions and stockpiling.

Asharq Al-Awsat

G20 Finance Chiefs Meet as Indonesia Warns of Energy, Food Catastrophe

Group of 20 finance ministers and central bank chiefs from top economies met in Indonesia Friday for talks on the fallout from Russia's invasion of Ukraine, with the host warning them failure to tackle energy and food crises would be catastrophic. The two-day meeting on the resort island of Bali…

The Independent UK

G20 finance leaders in Bali to tackle Ukraine, inflation

Top financial officials from the Group of 20 leading rich and developing nations are meeting on the Indonesian island of Bali seeking strategies to counter the repercussions from the war in Ukraine, inflation and other global crises

The Guardian - AU

G20: Canada claims Russian delegation are personally responsible for ‘war crimes’ in Ukraine

Minister’s accusation comes day after US Treasury secretary says Putin government officials ‘have no place’ at talks

Reuters

Yellen blasts Russian officials for continued support of Putin

U.S. Treasury Secretary Janet Yellen condemned Russia's "brutal and unjust war" in Ukraine and said Russian finance officials taking part in a G20 meeting in Indonesia on Friday shared responsibility for the "horrific consequences" of the war.

Reuters

G20 talks overshadowed by Ukraine war as host Indonesia seeks consensus

G20 finance leaders meeting in Bali must make progress tackling the global economic threats sparked by Russia's war in Ukraine or the humanitarian consequences would be catastrophic, host Indonesia said on Friday.

Reuters

Yellen says it's in China's interest to restructure Sri Lanka's debt

China is a "very important" creditor of Sri Lanka and it would likely be in the interest of both countries if China participated in restructuring Sri Lanka's debt, U.S. Treasury Secretary Janet Yellen said on Thursday.

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