Bessent Dares Traders on Yen Bets: ‘I Am the House Now’

Former US Trade Representative Susan Schwab says shared geography and deep economic ties will keep the U.S. and Canada aligned despite upcoming political friction. She notes that joint cooperation on critical minerals…

Rhee Chang Yong says he was surprised that the recent market intervention appeared to be mainly by Japan and the US rather than a broader G7 effort that would typically include European countries. (Source: Bloomberg)

The Chinese yuan is gaining renewed attention as a currency to fund carry trades as a surging yen forces investors to seek alternatives, strategists say.

Hedge funds are betting dollar-yen will fall below 150 by year-end with some longer-dated options trades targeting a move as low as 140.

Three years ago, New Delhi put on a spectacle when world leaders descended on India’s capital for the Group of 20 summit. Colorful murals of Indian mythology adorned the city alongside elaborate statues, floral…

Chief executive Sam Altman says the lab was threatened with ‘unfounded accusations of plagiarism’