Latest Janet Yellen News
Regulators and law enforcement crack down on crypto's bad actors. Congress has yet to take action
WASHINGTON (AP) — While the scandals in the cryptocurrency industry seem to never end, Washington policymakers appear to have little interest in pushing through legislation to codify the structure of the industry. The latest shoe to drop is Binance’s multibillion dollar...
India in G20 summit welcomes Israel-Hamas cease-fire, urges action on climate, other issues
NEW DELHI (AP) — India’s Prime Minister Narendra Modi on Wednesday welcomed a cease-fire in Gaza that's expected to enable the release of dozens of hostages taken by Hamas, and urged leaders of the top rich and developing nations to work together to ensure the Israel-Hamas war doesn't expand. ...
Largest crypto exchange Binance fined $4 billion, CEO pleads guilty to not stopping money laundering
WASHINGTON (AP) — The U.S. government dealt a massive blow to Binance, the world’s largest cryptocurrency exchange, which agreed to pay a roughly $4 billion settlement Tuesday as its founder and CEO Changpeng Zhao pleaded guilty to a felony related to his failure to prevent money laundering on...
Taiwan's participation at APEC forum offers a rare chance to break China's bonds
TAIPEI, Taiwan (AP) — Taiwan will take part in the Asia-Pacific Economic Cooperation forum in San Francisco this week, a rare opportunity for the self-governing island democracy of 23 million people and its high-tech economy to break the diplomatic embargo on it imposed by authoritarian China. ...
Biden says his goal for Xi meeting is to get US-China communications back to 'normal'
SAN FRANCISCO (AP) — President Joe Biden and China's Xi Jinping swept into San Francisco on Tuesday as the two leaders made their final preparations for their first engagement in a year at a historic estate outside of the city. Biden expressed hope that the talks would help put a...
A third round of US sanctions against Hamas focuses on money transfers from Iran to Gaza
WASHINGTON (AP) — The United States on Tuesday said it imposed a third round of sanctions on a group of Hamas officials, members of the Palestinian Islamic Jihad who work to transfer money from Iran to Gaza, and a Lebanese money exchange service that facilitates the transfers. The...
This year's Biden-Xi summit has better foundation but South China Sea and Taiwan risks won't go away
BEIJING (AP) — The course of events in the year since the last meeting between Presidents Joe Biden and Xi Jinping offers cautious hope that they will have better luck this time around. But it also shows how easily any agreement they reach could once again veer off course. The...
What they want: Biden and Xi are looking for clarity in an increasingly difficult relationship
WASHINGTON (AP) — President Joe Biden and China’s Xi Jinping have no shortage of difficult issues to discuss when they sit down for their first talks in a year, even if expectations are low that their meeting will lead to major breakthroughs. Each leader has clear objectives for...
Yellen says her talks with Chinese finance chief laid groundwork for Biden's meeting with Xi
SAN FRANCISCO (AP) — U.S. Treasury Secretary Janet Yellen said Friday that she and her Chinese counterpart agreed to work toward a “healthy economic relationship,” during two days of talks that she said helped lay the groundwork for a productive meeting next week between President Joe Biden...
Ransomware attack on China's biggest bank disrupts Treasury market trades
BEIJING (AP) — The U.S. Treasury says it is aware of a cybersecurity attack at China's biggest bank that reportedly disrupted trading in the U.S. Treasury market and is in contact with financial regulators. A Treasury spokesperson said Friday that the department is monitoring the...
