Russia recorded a budget deficit of more than 3 trillion roubles for the third year running in 2024, the finance ministry said on Monday, with both spending and revenue rising sharply compared with 2023 as Moscow ploughed economic resources into the war in Ukraine.

U.S. Treasury nominee Scott Bessent plans to say at his confirmation hearing that President-elect Donald Trump has an opportunity to unleash “a new economic golden age.”

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, 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.

Yet, everything suggests that Russia is in a tight economic situation, which is likely to lead to minimal growth in 2025. In their classical article in Novy Mir in 1987, the two Soviet economists Vasily Selyunin and Grigory Khanin showed that the Soviet Union exaggerated its economic growth by about 3 percentage points each year by doctoring the

The U.S. Federal Reserve announced on Friday it had withdrawn from a global body of central banks and regulators devoted to exploring ways to police climate risk in the financial system.

(Reuters) -Russia recorded a budget deficit of more than 3 trillion roubles for the third year running in 2024, the finance ministry said on Monday, with both spending and revenue rising sharply as Moscow ploughed economic resources into the war in Ukraine.

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

The International Monetary Fund expects the world economy to grow a little faster and inflation to keep falling this year.

Some of Donald Trump’s picks for his cabinet are expected to be confirmed by the US Senate this week after the chamber held more than a dozen confirmation

Economists are split on whether Singapore's central bank will loosen monetary policy this week or leave its settings unchanged to wait to see what policies U.S. President Donald Trump introduces in his second term.

Aristotle Capital’s International Equity Composite posted a total return of -6.91% gross of fees, outperforming the MSCI EAFE Index and the MSCI ACWI ex USA Index.