President-elect Donald Trump's pick for Treasury secretary, Scott Bessent, said on Thursday that the dollar should remain the world's reserve currency, the Federal Reserve should stay independent, and that he is ready to impose tougher sanctions on Russia's oil sector.

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.

Trump’s energy independence push may fuel U.S. oil output, but will WTI prices lag Brent? Discover how policy shifts could shape crude oil markets during his presidency.

US President-elect Donald Trump's pick for treasury secretary, Scott Bessent, took part in a confirmation hearing with lawmakers on Thursday. He said additional sanctions on Russia could be imposed to help end the war in Ukraine.

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.

Mr Scott Bessent is a hedge fund manager and founder of Key Square Capital Management. Read more at straitstimes.com.

Asked whether Congress should abandon the federal debt ceiling, Bessent said that if Trump requested that, he would work with Congress to make it happen

the Federal Reserve should stay independent, and that he is ready to impose tougher sanctions on Russia's oil sector. Bessent, testifying at a Senate Finance Committee confirmation hearing ...

WASHINGTON (AP) — Donald Trump has promised sweeping actions in his second administration. The president-elect has outlined a wide-ranging agenda that blends traditional conservative approaches to taxes, regulation and cultural issues with a more populist bent on trade and a shift in America’s international role.

Developments in quantum computing highlight the risk to financial institutions and national security if new encryption measures aren't developed.

The International Monetary Fund expects the world economy to grow a little faster and inflation to keep falling this year. But it warned that the outlook is clouded by President-elect Donald Trump's promises to cut U.

Reliance on Russia’s military offerings has become increasingly prevalent in parts of Africa, amid an aggressive push by Moscow to lessen Western influence on the continent.