Saudi Arabia and the UAE reduced their holdings of U.S. Treasury securities in March 2026 by a combined $16.6 billion, cutting exposure amid broader shifts in global sovereign wealth strategies and a push toward domestic diversification. Sovereign Wealth Shifts: Saudi Arabia and UAE Trim U.S. Treasury Holdings Saudi Arabia and the United Arab Emirates (UAE) … Read more
US Treasury Secretary Scott Bessent on Wednesday slammed Europe’s newly concluded trade agreement with India, saying the deal showed the European Union had prioritised commercial interests over its stated support for the Ukrainian people. Speaking to CNBC, Bessent said he was disappointed by Europe’s decision to move ahead with the agreement, which India and the … Read more
BEIJING: Beijing on Tuesday (Dec 31) hit back at accusations that a China state-sponsored actor was behind a cyber breach at the US Treasury Department, calling the claims “groundless”. The Treasury said the attack resulted in access to some of its workstations, according to a letter to Congress seen by AFP. According to the Treasury, the … Read more