President Donald Trump has selected Hung Cao to become the permanent Secretary of the Navy, a position that has been vacant for four months since John Phelan's departure. Cao, who has been serving as the acting Navy Secretary since April, awaits Senate confirmation for the role. Prior to his current position, he was the Navy's undersecretary and has a distinguished military background as a...
U.S. Treasury Secretary Scott Bessent has reaffirmed his backing for Japan's initiatives to bolster the yen, a stance that aligns with market expectations of a potential interest rate hike by the Bank of Japan (BOJ) during its policy meeting on September 17-18. Bessent's remarks came in a meeting with BOJ Governor Kazuo Ueda on the sidelines of the G20 finance ministers and central bank...
