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The Latest Breaking News from Scott Bessent

Will Trump’s new sanctions on Russian oil companies actually work to stop Putin?

New sanctions unveiled just a day after Trump said he would cancel ‘wasted’ meeting with Putin in Budapest

The Independent UK

Ukraine will not cede any of its territory, Zelenskyy tells Euronews

There will be no territorial concessions in Ukraine, the Ukrainian president said, answering Euronews' question on whether Kyiv is now being pressured into territorial concessions.

Euronews

UK manufacturers hit by largest drop in orders since 2020; FTSE 100 hits record high – as it happened

Shares in oil companies jump after US sanctions Russian energy firms, while manufacturers see weak prospects ahead

The Guardian - UK

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SEC Chair Paul Atkins Says Government Shutdown Is 'Beginning To Bite' But IPOs Are 'Still Going To The Market'

SEC Chair Paul Atkins said the ongoing government shutdown is starting to impact U.S. markets but highlighted that the agency remains partially operational to keep essential functions running.

Benzinga

Ukraine-Russia war latest: Kyiv allies pledge to take Russian oil off market to ‘choke’ Putin’s war machine

Sir Keir Starmer said allies had agreed a ‘clear plan for the rest of the year’ on supporting Ukraine

The Independent UK

Trump Freezes Out Moscow, Full Sanctions Slapped On Russian Oil Giants Rosneft And Lukoil — Crude Oil Futures Surge

In a sweeping escalation of economic pressure on Russia, the U.S. Department of the Treasury said that it will be imposing full blocking sanctions on its two largest oil companies, Rosneft and Lukoil, citing Moscow’s “lack of serious commitment to a peace process to end the war in Ukraine.”

Benzinga

US sanctions major Russian oil companies and calls for Moscow to accept immediate Ukraine ceasefire – as it happened

Trump says he canceled meeting with Putin because ‘we have good conversations but then they don’t go anywhere’

The Guardian - US

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US imposes sanctions on Russian oil over Putin’s ‘refusal’ to end war in Ukraine

Trump administration hardens stance against the Kremlin day after cancelling a planned summit with Russian leader

The Guardian - UK

United States targets Russian oil giants over Vladimir Putin’s refusal to end 'senseless' war in Ukraine

Scott Bessent claimed the measures against Rosneft and Lukoil will ‘degrade’ the Kremlin’s military efforts

Evening Standard

Trump slaps Russia’s biggest oil companies with sanctions over Ukraine war: ‘Now is the time to stop the killing’

Treasury Secretary Scott Bessent announced the tough new measures against Moscow after the White House scrapped plans for talks with Putin

The Independent UK

Trump doesn’t want ‘wasted time’ with Putin as plan for Budapest meeting is called off

“I don’t want to have a wasted meeting,” Trump said in comments that followed reports his planned Budapest meeting with Putin has been shelved over Moscow’s refusal of an immediate ceasefire in its war against Ukraine.

Euronews

Australia Courts US Backing To Break China's Grip On Critical Minerals

Australia is pitching itself as a solution to the U.S. critical metal problems. The West has struggled to break China’s grip on the 50-odd “critical minerals” that are vital for electronics, renewables, defense systems, and more. However, Monday’s meeting between Australian Prime Minister Anthony Albanese and President Donald Trump might…

Benzinga

Stocks Set to Open Higher as U.S.-China Tensions Ease, Inflation Data and Earnings Awaited

December S&P 500 E-Mini futures (ESZ25) are up +0.29%, and December Nasdaq 100 E-Mini futures (NQZ25) are up +0.41% this morning as signs of easing trade tensions between the U.S. and China helped boost risk appetite.

Barchart

Tech Giants Shift From China, Trump's Beef Pledge, Putin-Trump Tunnel Pitch: This Week In Politics

As the weekend comes to a close, let’s take a look at the top stories that made headlines in the business world.

Benzinga

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Benzinga

Scott Bessent's 'Constructive' Call Sets Up US–China Negotiations

The United States and China will resume high-level trade negotiations next week after a “constructive” video call between senior officials on Saturday.

International Business Times

China And US Agree To Fresh Trade Talks

China and the United States agreed Saturday to conduct another round of trade negotiations in the coming week, as the world's two biggest economies seek to avoid another damaging tit-for-tat tariff battle.

International Business Times

Argentine Peso Drops Against Dollar Despite US Backing

Argentines scrambled Friday to buy dollars and household items as the peso depreciated against the greenback, despite multi-billion dollars of US support for the under-pressure currency.

International Business Times

US Treasury Chief To Speak With China Counterpart As Tensions Flare

US Treasury Secretary Scott Bessent is set to speak Friday with Chinese Vice Premier He Lifeng, an official from President Donald Trump's administration told AFP -- as Washington works to rally allies to respond to Beijing's rare earth curbs.

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Reason

America Second

Plus: Feminization of the workplace, no National Guard in Chicago, public transit needs to be policed, and more...

Benzinga

US Cancels $500 Million Cobalt Tender, Bessent Points To More Equity Stakes

The US has canceled a $500 million tender to purchase cobalt. The decision came after multiple extensions, less than two months after launching the initiative.

International Business Times

US Budget Deficit Narrows Just Slightly Despite Tariff Revenues

The US budget deficit narrowed just slightly over the past year, official data showed Thursday -- despite a surge in customs revenues, which hit a record as President Donald Trump imposed wide-ranging tariffs since January.

Benzinga

China Blasts Trump Administration For 'Panic' Over Rare Earths

China accused the United States on Thursday of fueling "panic" over Beijing's new limits on rare earth exports.

International Business Times

Could Trump's $40 Billion Plan Be A Game-Changer For Argentina?

Argentina has defaulted on its sovereign debt multiple times since 2000, and structural weaknesses in its fiscal and monetary configuration are deep.

The Independent UK

Trump team preparing to install ‘allies’ at the IRS to target ‘major Democratic donors’ including George Soros: report

The administration is seeking to ‘weaken the involvement of IRS lawyers in criminal investigations,’ according to a report

Benzinga

Scott Bessent Says US Investment Boom 'Sustainable' Under Trump: 'The Only Thing Slowing Us Down...'

U.S. Treasury Secretary Scott Bessent credited the country’s investment boom to President Donald Trump‘s policies on Wednesday, and expressed optimism about its sustainability, but said the government shutdown was a potential obstacle.

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