Author name: Commodities Market Writer

The yen weakened against the dollar after Reuters reported that Japan has no plans to overhaul the Government Pension Investment Fund’s asset allocation.

Base metals retreated after renewed hostilities between the US and Iran fueled concerns over global economic growth, clouding the outlook for industrial commodities.

US consumers are already on edge after prices never fell from post-Covid inflation.

Rows of gold bars, stacks of US and Singapore dollars and seven suitcases found inside a locked safe have become the defining images of one of the biggest scandals to hit Indonesia’s law-enforcement establishment in years.

Prime Minister Narendra Modi used a three-nation tour to deepen India’s Indo-Pacific partnerships, Bloomberg’s Swati Pandey reports. (Source: Bloomberg)

MiniMax Group Inc.’s shares plunged, after JPMorgan Chase & Co. slashed the Chinese AI model maker’s price target for the second time in less than a week on value dilution concerns caused by fresh fundraising.

A new, Beijing-backed mining investment vehicle is aimed at bolstering China’s grip on overseas resources, as the country pushes back against US and European efforts to curb its dominance of the mineral supply chain.

The Capital Group Inc., BlackRock Inc., Fidelity Investments and Goldman Sachs Asset Management L.P. are among key investors that participated in the anchor book of SBI Funds Management Ltd., which was subscribed more than 20 times before the company’s initial public offering, according to people familiar with the matter.

Nippon Paint Holdings Co. has made an offer for Akzo Nobel NV’s decorative paints business in the past month.