China Cuts U.S. Treasury Holdings to 18-Year Low at $618 Billion

An illustration show a US dollar bill and a calculator at a bank in Fuyang, East China's Anhui Province. Photo: VCG An illustration show a US dollar bill and a calculator at a bank in Fuyang, East China's Anhui Province. Photo: VCG

China has cut its purchases of U.S. Treasury securities to the lowest level since around 18 years ago, according to the latest U.S. government data. Beijing had approximately $618 billion worth of U.S. Treasuries at the end of July compared to $633.4 billion in June. The July figure was the lowest since August 2008, when China’s Treasury stocks were approximately… Continue reading China Cuts U.S. Treasury Holdings to 18-Year Low at $618 Billion

Iranian President Arrives in India for BRICS Summit Amid Iran War

With the ongoing conflict between Iran and the United States causing tension in the region, Iranian President Masoud Pezeshkian landed in New Delhi on Friday to participate in the BRICS Leaders’ Summit. Pezeshkian is one of a number of foreign leaders and top officials coming to the Indian capital ahead of the two day summit on September 12 and 13.… Continue reading Iranian President Arrives in India for BRICS Summit Amid Iran War