Scott Bessent, tapped by Donald Trump to be treasury secretary, faced sharp questions from Democrats and Republicans on tax policy, tariffs, China, Russia sanctions and the IRS.

President-elect Donald Trump’s pick for Treasury secretary testified Thursday before the Senate Banking Committee.

U.S. President-elect Donald Trump's nominee for Treasury secretary said on Thursday that the dollar should continue to be the world's

Stocks and bonds slid in Asia following Friday’s stronger-than-expected US jobs data, while oil climbed to a four-month high amid sanctions on Russia.

Crude oil and natural gas prices both surged higher, supported by frigid temperatures gripping parts of the nation

Global markets mostly retreated on Monday after traders trimmed bets on US Federal Reserve rate cuts and oil extended a rally sparked by new sanctions on Russia's energy sector. Equities had tumbled Friday following strong US jobs data that traders viewed ...

Russia could run out of liquid reserves as soon as this fall, one European economist has said. The nation's liquid reserves have dwindled to $31 billion, down from $117 billion in 2021. Limited ...

Russia will not allocate federal funds to equip civilian airports with anti-drone systems as initially expected, pro-Kremlin publication Vedomosti reported on Jan. 12, citing two undisclosed sources.

The U.S. Federal Reserve announced on Friday it had withdrawn from a global body of central banks and regulators devoted to exploring ways to police climate risk in the financial system.

Treasury nominee Bessent a shoo-in Trump’s foreign policy steps into unstable world Gaza truce back on track Inauguration Day primer President-elect Trump won the

Oil prices fell on Tuesday a day after hitting four-month highs as the market focused on the impact of new U.S. sanctions on Russian oil exports to key buyers India and