China’s central bank is stockpiling more gold in Hong Kong, according to people familiar with the matter, in a move that’s likely to support the city’s push to become a major bullion-trading hub.

Christine Lagarde and Scott Bessent spoke only after Washington’s historic intervention

The US blindsided the European Central Bank last week with its historic currency intervention to help Japan, only informing its counterparts in Frankfurt after it sold euros to buy the yen, the Financial Times reported, citing several people familiar with the matter.

The yen is heading into the end of the week having surrendered nearly half of its intervention-driven gains, fueling speculation among traders that authorities may step into the market again. Bloomberg's David Finnerty breaks down how traders see recent FX moves. (Source: Bloomberg)

New Mexico judge orders tech group to pay extra fine in lawsuit brought by state attorney-general in 2023

Copper headed for a record close in London after strong gains fueled by signs of tighter supply across the global market.

Hong Kong has exported everything from cinema to finance. Now, its iconic cha chaan teng diners are going global too. Mary Hui explains how these humble cafes have become a symbol of culture, migration and identity. (Source: Bloomberg)

Honeywell fell 20% after slashing its growth outlook. Airbnb ended a three-quarter miss streak with a beat and raised guidance. Cloudflare surged 15% as AI agent traffic drove 36% revenue growth.

The Iranian-led network Is more dangerous than ever.

As the Central Bank of Russia runs out of options and bad loans accumulate on balance sheets, the Kremlin continues to privilege war-linked sectors. The post Russia will sacrifice its civilian economy on the altar of the war effort appeared first on Atlantic Council.