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The yen slid to the weakest level in about 34 years against the dollar, prompting Japan’s strongest warning yet that it will take direct action to slow the decline if needed. ....
Terraform Labs Pte. goes on trial Monday over civil fraud claims tied to the 2022 implosion of its TerraUSD stablecoin, while co-founder Do Kwon remains in Montenegro waiting to learn whether he’ll be extradited to the US or South Korea to face criminal charges. ....
Kenya’s government said it will repurchase the bulk of its outstanding June 2024 dollar bonds, a move to shore up market confidence amid concerns about repaying the $2 billion principal. ....
Oil held a large advance as a risk-on mood in wider markets and signs OPEC+ members are complying with supply cuts overshadowed a gloomy demand outlook from the IEA. ....
The Bitcoin exchange-traded funds started by BlackRock Inc. and Fidelity Investments are gaining a liquidity edge over a larger rival from Grayscale Investments LLC, according to JPMorgan Chase & Co. strategists. ....