janet-yellen | ABS-CBN News

US gov't rules out Silicon Valley Bank bailout

Agence France Presse
Updated as of Mar 13 06:31 AM

US Treasury Secretary Janet Yellen on Sunday said the government wanted to avoid financial "contagion" from the implosion of the Silicon Valley Bank but ruled out a bailout of the institution. Read more »

Global economy 'in better place' than predicted: Yellen

Agence France-Presse
Posted at Feb 23 05:23 PM

The global economy is "in a better place" than predicted a few months ago in the wake of the Covid pandemic and Russia's invasion of Ukraine, US Treasury Secretary Janet Yellen said Thursday. Read more »

Recession in US 'not inevitable': Yellen

Agence France-Presse
Posted at Dec 09 08:28 AM

A recession in the US is "not inevitable," Treasury Secretary Janet Yellen said, adding that she believes the world's biggest economy is on the right track in lowering inflation. Read more »

Yellen says US in talks with allies to cap Russian oil price

Agence France-Presse
Posted at Jun 21 08:37 AM

The United States is in talks with allies to further restrict Russia's oil revenues by capping the price it would get for its crude, US Treasury Secretary Janet Yellen said during a visit to Canada on Monday. Read more »

Yellen won't participate in all G20 sessions if Russia present: official

Agence France-Presse
Posted at Apr 19 08:51 AM

Treasury Secretary Janet Yellen will not take part in some of this week's meetings with her global counterparts if Russian officials are included, a senior US Treasury official said. Read more »

Yellen to call for increased economic pressure on Russia: official

Agence France-Presse
Posted at Apr 19 08:40 AM

US Treasury Secretary Janet Yellen this week will call on her counterparts to ramp up the economic pain on Moscow over its invasion of Ukraine, a senior Treasury official said. Read more »

US ‘best place’ to hide, launder illicit funds: Yellen

Agence France-Presse
Updated as of Dec 10 06:04 AM

'There are far too many financial shadows in America that give corruption cover,' says Treasury Secretary Janet Yellen. Read more »

G20 leaders approve multinationals tax but wrangle over climate

Alvise Armellini and Alexandria Sage, Agence France-Presse
Updated as of Nov 01 02:00 AM

Leaders of the G20 world's major economies approved a global minimum tax on the largest companies on Saturday, but were still haggling over the pressing issue of climate change. Read more »

Yellen warns US debt default could trigger recession

Agence France-Presse
Posted at Oct 05 08:58 PM

Yellen has warned previously that after Oct. 18, the US will not have the funds to pay creditors if Congress does not relax the legal debt ceiling. Read more »

US Treasury urges Congress to raise US debt limit

Reuters
Posted at Sep 28 08:45 PM

US Treasury Secretary Janet Yellen said the recovery from a COVID-19 pandemic-induced recession remains fragile but rapid. Read more »

Philippines 'ready' if US increases interest rates: central bank

ABS-CBN News
Posted at Jun 08 10:41 AM

The Philippines is ready should the United States increase its interest rates, the central bank said Tuesday. Read more »

Asian markets lower on rate fears, G7 tech tax plan

Agence France-Presse
Posted at Jun 07 02:53 PM

Asian markets were mostly lower Monday as comments by US Treasury Secretary Janet Yellen stoked concerns over a hike in interest rates while investors also mulled the impact of the G7 global tax plan on tech giants. Read more »

What happens when women run the economy? We're about to find out

Andrea Shalal, Reuters
Posted at Apr 06 08:14 PM

Women now hold many of the jobs controlling the world's largest economy - and they're trying to fix it.   Read more »

US pushing G20 for global minimum corporate tax: Yellen

Agence France-Presse
Posted at Apr 06 09:01 AM

The United States is pushing in the G20 to adopt a global minimum corporate tax to stem the erosion of government revenues, US Treasury Secretary Janet Yellen said Monday. Read more »

'Giant step' as Biden COVID rescue plan clears Senate

Michael Mathes, Agence France-Presse
Posted at Mar 07 11:27 AM

The US Senate on Saturday voted to approve a $1.9 trillion relief package in what President Joe Biden called a "giant step" towards reviving the pandemic-stricken American economy, capping frenzied negotiations and a marathon overnight voting session. Read more »

Record-breaking Bitcoin tumbles on US treasury chief's warning

Agence France-Presse
Posted at Feb 24 12:03 PM

At about 1500 GMT, the digital currency slid 12.57 percent to $47,946, while rival ethereum declined 15 percent to $1,539.   Read more »

Yellen says Treasury will fight misuse of cryptocurrencies, foster innovation

Reuters
Posted at Feb 11 10:14 AM

US Treasury Secretary Janet Yellen on Wednesday warned about an “explosion of risk” related to digital markets, including the misuse of cryptocurrencies, but said new financial technologies could help fight crime and reduce inequality. Read more »

EU, UK envoys see better chance for global tax progress under Biden

Andrea Shalal, Reuters
Posted at Feb 09 10:03 AM

The British and EU ambassadors to Washington said on Monday they were encouraged by signs the Biden administration will re-engage in talks on reforming global tax rules for digital companies after discussions stalled under former President Donald Trump. Read more »

Asian shares near all-time peak, oil heads to $60 on economic revival hopes

Swati Pandey, Reuters
Posted at Feb 08 11:12 AM

Asian shares hovered near record highs on Monday while oil edged closer to $60 a barrel on hopes a $1.9 trillion COVID-19 aid package will be passed by U.S. lawmakers as soon as this month just as coronavirus vaccines are being rolled out globally. Read more »

US Treasury's Yellen: Americans earning $60,000 should get stimulus checks

Reuters
Posted at Feb 08 10:42 AM

US Treasury Secretary Janet Yellen said on Sunday that American workers who earn $60,000 per year should receive stimulus checks as part of the White House’s proposed $1.9 trillion coronavirus relief package. Read more »