The US Senate’s confirmation hearing for Mr Bessent last week as Treasury Secretary was remarkable, as much of the discussion ...

Scott Bessent, President-elect Donald Trump’s nominee for Treasury secretary, testified before the Senate Finance Committee ...

Its digital yuan and the Multiple Central Bank Digital Currency Bridge (mBridge) platform represent significant technological advances that could accelerate change by offering more efficient ...

The incoming Trump administration signals a decisive shift away from a government-controlled digital dollar (CBDC) while ...

Trump's Treasury pick Scott Bessent argued against a US digital dollar, saying CBDCs suit countries lacking other investment ...

The Taiwan dollar is on the verge of overtaking the yuan as Asia’s best carry-trade target given its lower risk of ...

The Chinese yuan is widely expected to depreciate against an ascendant U.S. dollar. A thornier question confronting market ...