Currency traders are on high alert for intervention after further weakness in the yen and reports of an online meeting between Japanese Finance Minister Satsuki Katayama and US Treasury Secretary Scott Bessent.
Japan’s army of retail currency traders have heeded their government’s warning and stopped betting on the yen to decline, putting them at odds with professional investors positioning for further weakness.
Brazil’s largest pension fund will no longer seek to control selection of Vale SA’s chairperson and wants the iron ore miner to be overseen by an independent board leader.
Gold steadied after the US and Iran flagged early progress in negotiations to end the war that’s upended global markets and stoked inflation.
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A heat wave gripping western Europe is forecast to strengthen this week, with days of dangerously hot and humid conditions and record-breaking temperatures in France, the UK, Spain and Germany.
EasyJet has rejected three separate offers from Castlelake, prompting the investment firm to take its latest proposal that values the budget carrier at about £4.74 billion ($6.3 billion) directly to shareholders. The UK airline said it rejected the proposal as not being in the best interest of shareholders, accusing Castlelake of trying to buy the company “on the cheap.” Bloomberg’s Benedikt Kammel reports. (Source: Bloomberg)
This is how the Chinese ecosystem is different.
China’s AI industry has changed a lot since DeepSeek released its cheap frontier model last year, and briefly sent US tech stocks falling. After being locked out of the most advanced chips, Chinese companies are now allowed to buy some Nvidia H200s. In fact, many of the big Chinese tech companies — like Baidu — are making a push to become full-stack players, with their own chips, models, and cloud infrastructure. Today’s guest is Grace Shao, an independent AI researcher and the author of the AI
The European Central Bank must watch for any knock-on impact on wages from higher oil and commodity prices resulting from the Middle East conflict, Governing Council member Jose Luis Escrivá said.
