Latest Steven Mnuchin News

Global finance leaders hopeful for modest rebound in 2020

Oct. 19, 2019 12:31 AM EDT

WASHINGTON (AP) — Global finance leaders agree that growth has slowed but they remain hopeful for a modest rebound next year as long as trade and geopolitical tensions do not worsen. That was the assessment Friday from finance ministers and central bank governors of the Group of 20 major industrial...

IMF, World Bank leaders appeal for an end to trade wars

Oct. 18, 2019 3:06 PM EDT

WASHINGTON (AP) — The leaders of the International Monetary Fund and the World Bank appealed to their 189 member countries on Friday to resolve widening disagreements on trade and other issues, warning that the divisions threaten to worsen the impact of a global slowdown. The IMF's managing director,...

IMF head says more needed to boost growth than US-China deal

Oct. 17, 2019 6:56 PM EDT

WASHINGTON (AP) — The International Monetary Fund's new leader said Thursday that a trade truce between the United States and China could trim expected losses to the world economy but won't be enough to produce strong global growth. Before last week's tentative trade agreement, the IMF had estimated that...

White House official: Kushner to visit Israel this month

Oct. 17, 2019 3:36 PM EDT

WASHINGTON (AP) — President Donald Trump's top Mideast adviser, Jared Kushner, will visit Saudi Arabia and Israel at the end of the month, a senior U.S. official said Thursday. Kushner, who also is Trump's son in law, will join Treasury Secretary Steven Mnuchin at an economic conference in Saudi Arabia...

Global shares rally on tentative Brexit deal

Oct. 17, 2019 8:07 AM EDT

BANGKOK (AP) — Global markets were boosted Thursday by news that Britain and the European have agreed on an outline Brexit deal after days of intense negotiations. Benchmarks in London and Frankfurt rallied and Wall Street was positioned for gains when the market opens in New York. Although news of a...

China appeals to Washington for quick end to trade war

Oct. 17, 2019 6:28 AM EDT

BEIJING (AP) — China appealed to Washington for a quick end to their trade war but gave no indication Thursday what additional steps Beijing might want before carrying out what President Donald Trump says is a promise to buy up to $50 billion of American farm goods. Trump agreed Friday to delay a tariff...

Asian shares mixed on caution over China-US trade deal

Oct. 17, 2019 1:01 AM EDT

BANGKOK (AP) — Asian shares were mixed Thursday after officials signaled work remains to be done on an agreement for a truce in the tariff war between the U.S. and China. Hong Kong led regional gains after its chief executive, Carrie Lam, announced help for the property sector. The semi-autonomous city's...

Analysis: Trump impulsiveness a theme in impeachment, Syria

Oct. 16, 2019 6:28 PM EDT

WASHINGTON (AP) — A common denominator runs through the impeachment probe and the chaos unfolding in Syria: President Donald Trump's improvisational style of conducting foreign policy. The president's decision to push Ukraine to investigate a political rival prompted Democrats to launch the House...

Trump threatens to 'destroy' Turkey's economy with sanctions

Oct. 15, 2019 9:10 AM EDT

WASHINGTON (AP) — Targeting Turkey's economy, President Donald Trump announced sanctions aimed at restraining the Turks' assault against Kurdish fighters and civilians in Syria — an assault Turkey began after Trump announced he was moving U.S. troops out of the way. Some of those U.S. troops leaving...

Trump orders Turkey sanctions; US scrambles for Syria exit

Oct. 14, 2019 9:57 PM EDT

WASHINGTON (AP) — Targeting Turkey's economy, President Donald Trump announced sanctions Monday aimed at restraining the Turks' assault against Kurdish fighters and civilians in Syria — an assault Turkey began after Trump announced he was moving U.S. troops out of the way. The United States also...