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The Latest Breaking News from Scott Bessent

Panama Canal Emerges as Key Trade Lifeline Amid U.S.-Iran War

The increase in traffic and revenue generated through the auctions suggests revenue growth for the Panama Canal could reach between 10% and 15%, officials say.

International Business Times

As U.S.-Iran War Continues, Strait of Hormuz Closure Drives Surge in Panama Canal Traffic

The increase in traffic and revenue generated through the auctions suggests revenue growth for the Panama Canal could reach between 10% and 15%, officials say.

Latin Times

Trump hails 'fantastic trade deals' made during talks with China's Xi

President Donald Trump announced he had made "fantastic trade deals" with China's President Xi Jinping, as the pair met on Friday for the final talks of a superpower summit that the US leader said had also secured a Chinese offer to help open the Strait of Hormuz.

Radio France Internationale

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Trump says made 'fantastic trade deals' with Xi

President Donald Trump met with President Xi Jinping in Beijing. They discussed significant trade agreements beneficial to both nations. China offered assistance regarding the Strait of Hormuz. Discussions also touched upon artificial intelligence and oil purchases. The leaders addressed geopolitical flashpoints like Taiwan, aiming to manage differences.

The Economic Times

BA Stock Watch: Boeing May Get a Big Boost From Trump-Xi Summit

Treasury Secretary Scott Bessent says the Trump-Xi summit may prompt large Boeing orders. But does that warrant buying BA shares at current levels? Let’s find out!

Barchart

Xi Jinping Tells U.S. CEOs that China Will 'Open Wider' To Business During Trump Visit

Chinese President Xi Jinping told a group of U.S. business leaders as part of Trump's visit to Beijing.

International Business Times

Trump Says Xi Offered Help To Make a Deal With Iran And 'Would Like To See The Hormuz Strait Open'

President Donald Trump said on Thursday that U.S. counterpart Xi Jinping offered him help to strike a deal with Iran and would "like to see the Hormuz Strait open" as the stalemate between the two countries continues.

International Business Times

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Trump says Xi vowed not to arm Iran, offered help to open Hormuz

US President Donald Trump has said that Chinese President Xi Jinping had offered China’s help to reopen the Strait of Hormuz and pledged not to provide military equipment to Iran amid its war with the United States and Israel.

The Times of India

Scott Bessent made a billion betting against a faked currency. On China's, the Treasury chief is silent

Bessent has been a currency hawk ever since he worked for George Soros in 1992 and saw something off with the British pound.

Fortune

US, China discussing AI 'guardrails': Treasury secretary Bessent

The United States and China were discussing setting up "guardrails" for the use of artificial intelligence (AI), US Treasury Secretary Scott Bessent told CNBC on Thursday, with growing calls for regulation of the burgeoning technology. The Treasury secretary said Washington and Beijing would set up a "protocol" on the path…

The Economic Times

‘Terrible mistake’ if China takes Taiwan by force; US position unchanged: Rubio

US Secretary of State Marco Rubio warned that it would be a “terrible mistake” if China tried to take Taiwan by force, while reiterating that Washington’s position on the island remains unchanged. Earlier, US Treasury Secretary Scott Bessent said President Donald Trump would speak more on Taiwan during his Beijing…

The Economic Times

The Latest: Xi and Trump summit focuses on business links as Chinese leader issues Taiwan warning

Presidents Xi Jinping and Donald Trump have started their high-profile summit in Beijing that is expected to focus on trade but also include the Iran war, technology and Taiwan

The Independent UK

Trump wants China's help on Iran. Beijing may have other ideas

President Trump will ask President Xi for help with the Iran conflict. China is unlikely to fully comply, preferring to maintain its economic and military ties with Iran. The US has limited options to pressure China, as sanctions could lead to costly retaliation. Both nations face complex geopolitical and economic…

The Economic Times

Trump-Xi summit: What to expect as US-China ties, Trade, Taiwan and Iran on the agenda

Trump-Xi summit: As Presidents Xi Jinping and Donald Trump are gearing up for an important summit, the current stable diplomatic landscape prospects looming challenges that can threaten this equilibrium. Key topics include the tricky realms of trade, technology, and Taiwan, US expectations of China, along with the shadow of the…

The Economic Times

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The Economic Times

US, China begin fresh trade talks in South Korea ahead of Trump’s Beijing visit

Senior officials from the US and China are holding trade talks in Seoul. This meeting precedes President Donald Trump's visit to Beijing. Discussions will cover trade items like soybeans and minerals. The ongoing conflict involving Iran is also on the agenda. Several top business leaders will accompany President Trump.

The Economic Times

Japan's 10-year bond yield hits 29-year high as market awaits Bessent's remarks

Japan's 10-year government bond yield reached a 29-year peak on Tuesday. This occurred despite a stable auction. Investors are keenly awaiting remarks from U.S. Treasury Secretary Scott Bessent, currently visiting Tokyo. The market is focused on potential U.S. pressure regarding Japan's monetary policy and currency. Bond yields across various maturities…

The Independent UK

Iran-US war latest: Trump accuses media of treason as US intel reportedly claims Tehran retains substantial missile capabilities

Trump says reports that the ‘Iranian enemy is doing well’ are ‘false’

The Economic Times

Dollar steady as Middle East peace hopes recede

Middle East conflict fears are keeping the U.S. dollar steady as oil prices climb. Investors worry about renewed hostilities and their impact on inflation, potentially delaying interest rate cuts. While diplomatic efforts show little progress, markets remain cautious, awaiting key U.S. inflation data and President Trump's China visit.

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The Economic Times

US issues new sanctions over Iran's oil shipments to China

The U.S. has imposed sanctions on three individuals and nine companies, including entities in Hong Kong and the UAE, for facilitating Iran's oil shipments to China. This move aims to disrupt funding for Iran's Islamic Revolutionary Guard Corps and its weapons programs. The sanctions follow previous actions and precede a…

The Guardian - UK

Middle East negotiations continue as US awaits Iranian response to latest peace proposal – as it happened

Centcom says it has struck two tankers heading for Iran after Tehran warned Washington was violating fragile ceasefire; two days of ‘intensive talks’ between Israel and Lebanon slated as strikes continue in the region

Fortune

Treasury expected to borrow $2 trillion this year to continue functioning—more than $166 billion every month

"Markets will only tolerate our unsustainable borrowing for so long; the risk of a fiscal crisis gets higher as the days pass. We need deficit reduction urgently."

Fortune

A year on from Liberation Day, Trump's tariffs have done 'significant damage' to the U.S. economy, says Moody's chief economist

"Since that day, job growth has come to a standstill," Zandi says.

Euronews

Top Trump advisers urge China to leverage Iran ties to reopen Strait of Hormuz to global traffic

US Secretary of State Marco Rubio and Treasury Secretary Scott Bessent have both expressed a need for China to leverage its tight relations with Tehran to reopen the strategic Strait of Hormuz for “their own interests”.

The Independent UK

Argument over how to carry out Trump’s deportation ‘master plan’ got so heated that officials had to ‘clear the room,’ report says

The fiery dispute centered on a proposal that would have allowed agents to enter homes without judicial warrants

Axios

Jamie Dimon blesses the trillion-dollar AI capex boom

"The technology is so powerful, it's worth the trillion-dollar investment."

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