Japan Likely Spent About $34.5 Billion on Yen Intervention
Japan likely spent around $34.5 billion Thursday in its first currency intervention to prop up the yen since July 2024, according to a Bloomberg analysis of central bank accounts.
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A year after selling $2.7 million Austin mansion, actress Haylie Duff and Matt Rosenberg call off 12-year engagement
Haylie Duff has split from her fiancé, Matt Rosenberg, 12 years after the former couple announced they were engaged—and six years after they relocated their family from California to Texas.
How Taiwan Became the World’s Most Perilous Geopolitical Chokepoint
Eyck Freymann on the biggest flashpoint of them all.
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Odd Lots: How Taiwan Could Become a Global Chokepoint (Podcast)
The closure of the Strait of Hormuz has highlighted the potential for long-running theoretical chokepoints to turn into reality, with dramatic results for both geopolitics and the global economy. But the hypothetical scenario that policymakers have arguably been losing the most sleep over for decades is the prospect of a major conflict between China and Taiwan. So how likely is it, and what would such a conflict actually look like? On this episode, we speak with Eyck Freymann, author of the new
ECB’s Kocher Says Interest-Rate Hold Gives Time to Assess Risks
The European Central Bank’s decision to hold interest rate this week provides policymakers with more time to assess whether the Middle East crisis triggers prolonged inflation, according to Governing Council member Martin Kocher.
Nagel Favors ECB June Hike Unless Outlook Improves Markedly
The European Central Bank will need to increase interest rates in June if there isn’t a significant change in the outlook, according to Bundesbank President Joachim Nagel.
Aluminum Facing ‘Very Large Supply Hole,’ JPM Says
Greg Shearer, JPMorgan base and precious metals research head, discusses the aluminum market and the impact the conflict in the Middle East on prices. “Our outlook in the very near term is still for prices to move up towards $4,000 per metric ton,” Shearer tells Bloomberg Television. “There will be demand destruction at those levels,” he adds. (Source: Bloomberg)
Yen Intervention Faces Headwind from Higher Energy Prices: 3-Minutes MLIV
Guy Johnson, Tom Mackenzie and Adam Linton break down today’s key themes for analysts and investors on “Bloomberg: The Opening Trade.” (Source: Bloomberg)
FTSE 100 Drops in Thin Holiday Trading as NatWest Results Weigh
UK shares dropped in thin holiday trading as NatWest Group Plc fell more than 3% after reporting net interest income that came in slightly below expectations.
Japan Reveals First Loans to US Projects Under Trade Deal
Japan’s government-backed lender and private bankers announced their first loans as part of the nation’s $550 billion commitment to US projects under a trade agreement with President Donald Trump.