US Temporarily Eases Sanctions on Venezuelan State-Run Banks
The United States Treasury has temporarily eased sanctions on Venezuela's central bank and several other state-run financial institutions.This move allows these banks to use US dollars and re-enter global financial markets.The easing of sanctions was announced by the US Treasury's Office of Foreign Assets Control (OFAC) on April 15, 2026.Licences were issued authorising commercial links with the Central Bank of Venezuela, Banco de Venezuela, Banco Digital de los Trabajadores, and Banco del Tesoro.Sanctions had been in place since 2019, restricting these banks' ability to process and move money internationally.The temporary easing could facilitate the flow of revenue from Venezuelan oil... [Continue Reading]
360LiveNews | 15 Apr 2026 13:39 LONDON
US Treasury Secretary Projects 3.5% Economic Growth in 2026
US Treasury Secretary Scott Bessent announced during a Wall Street Journal Opinion Live event in Washington that the fundamentals of the US economy remain strong. He projected that economic growth could reach or exceed 3.5 percent in 2026. Bessent further discussed trade policy, noting that US tariffs previously imposed on other countries may return to former levels by July. This adjustment follows a February Supreme Court decision which ruled that former President Donald Trump exceeded his authority under emergency law when imposing broad global tariffs. The Secretary's statements highlight anticipated economic performance for the year and signal potential changes in... [Continue Reading]
Breaking-360LiveNews | 15 Apr 2026 03:30 LONDON
US Treasury Secretary defends short-term economic pain for long-term security amid Iran war
US Treasury Secretary Scott Bessent has stated that the economic downturn caused by the ongoing US-Israel conflict with Iran is a necessary sacrifice to prevent the threat of Iranian nuclear strikes on Western capitals.Bessent emphasized that while the global economy faces challenges, the long-term security benefits outweigh the short-term economic costs.The International Monetary Fund (IMF) has warned that the war could push the global economy into recession, with global growth potentially falling below 2% in 2026 if oil, gas, and food prices spike and remain high.Despite these warnings, Bessent expressed confidence that the US and Israeli military actions have reduced... [Continue Reading]
360LiveNews | 14 Apr 2026 19:33 LONDON
US Treasury Sanctions Cartel-Linked Casinos and Associates on Border
The United States Department of the Treasury has imposed sanctions on casinos and key associates connected to criminal cartels operating along the US-Mexico border. This action targets facilities and individuals facilitating illegal activity and financial abuse linked to cross-border organized crime. These newly announced restrictions are part of broader efforts to prevent misuse of financial institutions and development fund programs. The Treasury announced recent measures including efforts to safeguard Community Development Financial Institutions (CDFI) fund programs from abuse. This coordinated move underscores ongoing US government initiatives to prevent illicit financial flows that support cartel operations on the border. Details on... [Continue Reading]
Breaking-360LiveNews | 14 Apr 2026 15:01 LONDON
China's financial institutions adopt cautious stance on AI amid U.S. discussions on emerging technologies
As concerns over developing artificial intelligence technologies rise, particularly regarding Anthropic's new AI model, Mythos, China's financial institutions are reportedly taking a measured approach. This comes as U.S. Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell convened with leading U.S. banks to address cybersecurity threats linked to AI. The discussions highlighted the urgent need for enhanced cybersecurity assessments to mitigate potential economic disruptions that could reach into the hundreds of billions of dollars. In a recent report by Bloomberg, sources indicated that Bessent and Powell held an emergency meeting with major banking heads to discuss the implications of... [Continue Reading]
360LiveNews | 10 Apr 2026 15:37 LONDON
