United States


Biden budget nominee Neera Tanden a lightning rod in Washington

Biden budget nominee Neera Tanden a lightning rod in Washington

Neera Tanden, President-elect Joe Biden's outspoken nominee to head the Office of Management and Budget, faces a challenge winning Senate confirmation after a Washington career in which she has crossed powerful figures on both the right and left.Biden unveiled many of his top economic nominees on Monday, including Treasury Secretary …

Continue reading

Biden’s US Treasury pick Janet Yellen brings China expertise

Biden’s US Treasury pick Janet Yellen brings China expertise

(ATF) Biden’s two most important cabinet appointments have now been decided, with his long-time foreign policy adviser Antony Blinken due to be nominated as Secretary of State; and Janet Yellen to be tapped as the next Treasury Secretary.Both are centrist choices of individuals with experience in dealing with Chinese issues.Yellen …

Continue reading

This week: Treasury-Fed rift, vaccine progress

Markets this week: Treasury-Fed rift, vaccine progress

(ATF) Economic eventsGlobal markets are cautiously optimistic as a slew of vaccine developments lift sentiment but gains will be checked as the rising infection count and a clash between the US Treasury and the Federal Reserve threatens the economic recovery. In the United States, Treasury Secretary Steven Mnuchin’s decision on …

Continue reading

Australia and South Korea team up on rare earth production

Australia, Korea team up on rare earth project down under

(ATF) While big changes are happening with China's rare earth exports and prices, groups from Australia and South Korea are making moves on cooperation and production.According to news from Shanghai Nonferrous Metals Network (SMM) on November 17, China’s rare earth production giant, Southern Rare Earth, announced the latest listing price …

Continue reading

What a Biden win means for financial policy

What a Joe Biden win could mean for financial policy

Democrat and former US vice president Joe Biden – declared winner of the US presidential election by major television networks on Saturday – is likely to take a different tack to Republican incumbent Donald Trump who had an industry-friendly stance on regulation. While Biden is unlikely to prioritise a financial …

Continue reading

US post-election gridlock sets the scene for tech war with China 

US post-election gridlock sets the scene for tech war with China 

(ATF) Political gridlock in the US seems likely after a closely fought election. This could shift the focus from a trade war with China to a battle between US and Chinese technology firms.US stocks rose sharply as the results of an exceptionally close election advanced painfully slowly on Wednesday, with …

Continue reading

Sri Lanka's bonds slump after US calls for 'difficult' choices over China ties

Sri Lanka's bonds slump after US calls for 'difficult' choices over China ties

Sri Lanka’s government bonds fell heavily on Friday after the United States urged the country’s government to make “difficult but necessary choices” regarding its ties with China.Worries that this year’s Covid-19 crisis could see the country struggle to pay its debts have already seen its bonds slump almost 40% this …

Continue reading

AstraZeneca Covid vaccine trial set to resume

AstraZeneca Covid-19 vaccine trial set to resume

AstraZeneca's Covid-19 vaccine trial in the United States is expected to resume as early as this week after the US Food and Drug Administration completed its review of a serious illness in a study participant, sources have revealed.AstraZeneca's large, late-stage US trial has been on hold since Sept. 6, after …

Continue reading

Pelosi, Mnuchin push Covid relief talks as US Senate votes on limited bill

Pelosi, Mnuchin push Covid relief talks as US Senate votes on limited bill

US Senate Republicans are preparing to bring up legislation on Tuesday to replenish a programme that helps small businesses slammed by the coronavirus, as House Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin discuss a larger stimulus package.Pelosi and Mnuchin, who have been negotiating intermittently since August on a fresh …

Continue reading

China cuts rare earths exports by 43% in Sept, builds stockpile

China cuts rare earth exports by 43% in Sept, builds stockpile

(ATF) China's rare earth exports fell sharply again in September – by nearly 44%, causing the United States to step up operations and enter a 'state of emergency'.China announced a huge drop-off in rare earth exports for September, while other figures show China is massively increasing production by huge numbers, …

Continue reading