China’s Renewable Energy Overhaul Spurs Push Into Power Trading
Rooftop solar developer PCG Power plans to launch a trading platform next month to tap into China’s growing market for electricity....
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How Korea's $10 Billion K-Pop Industry Is Turning to AI
South Korea's Galaxy Corporation is aiming to pioneer the use of AI and robot idols to transform South Korea’s massive entertainment industry. Bloomberg's Sohee Kim reports. (Source: Bloomberg)...
Tokio Marine Weighs Suncorp, IAG as Acquisition Targets, FT Says
Tokio Marine Holdings Inc., the Japanese insurer in which Berkshire Hathaway Inc. recently took a stake, is close to finalizing an acquisition target after reviewing Australian and Canadian firms, the Financial Times reported....
Bessent’s Iran D-Day Threat Clouds Outlook for India’s Rupee, Stocks
US Treasury Secretary threatens economic punishment against any country doing business with Iran....
Druckenmiller, Bessent’s Early Mentor, Calls Bond Buys a Mistake
Stanley Druckenmiller, the billionaire investor who mentored Scott Bessent in his early career as a hedge fund trader, called the Treasury secretary’s plan to spend billions buying back US bonds a mistake....
Trump Devises New $100,000 H-1B Visa Fee
The Trump administration is proposing a regulatory process that would charge companies roughly $103,000 for each candidate they sponsor for a visa under the H-1B program for foreign-born professionals. Bloomberg's Alicia Caldwell breaks down the news. (Source: Bloomberg)...
Australia’s FireFly Metals Seeks $136 Million for Copper Project
Australian copper miner FireFly Metals Ltd. is seeking to raise A$190 million ($136 million) through a sale of new Australian and Canadian shares to develop its Green Bay project in Canada....
India’s New Stock Auction System Faces First Monthly Expiry Test
Indian traders are bracing for their first monthly derivatives expiry using auction-based end-of-day stock prices, a crucial test for a mechanism that has faced backlash over sharp swings and allegations of manipulation....
Bessent Defends Buyback Plan, Stops Short of New Bond Measures
Treasury Secretary Scott Bessent refrained from any further signals on revamping US debt management on Monday, following a report that his department could draw down some of its cash pile to fund buybacks of higher-yielding older securities. Bloomberg's Garfield Reynolds discusses. (Source: Bloomberg)...
Gold Holds Near Three-Month High as Traders Weigh Treasury Moves
Gold traded near a three-month high, as traders weighed the US Treasury’s next move in the bond market after the surprise intervention that’s revived concerns around fiscal policy....
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