
US sanctions are pushing many countries to seek alternatives to the dollar for settlements, Treasury Secretary Janet Yellen admitted during her annual appearance on Tuesday before the House Financial Services Committee to discuss the state of the international financial system. Asked about the risk of de-dollarization, Yellen acknowledged that the ...

A US official confirmed that Washington was in contact with Iran regarding nuclear deal talks late Monday, but denied that discussions on an interim agreement were taking place, Reuters news agency reported. The US official, speaking on condition of anonymity, said Washington had communicated with Iran to warn it regarding ...