Bank of America FX strategist Alex Cohen: As the yen touches the psychologically significant 160 level, intervention expectations will inevitably intensify. However, since the current trend is mainly driven by the US dollar and US interest rates, authorities may be somewhat more patient.

According to sources, Glencore has made a provision of approximately $480 million for its exposure to Radiant World. Radiant World is an iron ore trader currently under pressure for allegedly providing false documents to banks. Sources said this provision in effect covers Glencore’s entire outstanding net exposure to Radiant World.

Tomorrow Is a Big Day for Bitcoin: A Major Change Is Coming

The six-month conflict between the US and Iran has had multiple impacts; the IMF expects global inflation to rise to 4.7% by 2026.

According to Germany's Handelsblatt, Volkswagen plans to limit its investment over the next five years to around 135 billion euros (approximately 156 billion US dollars). Due to increasing pressure to accelerate cost-saving measures, Volkswagen is cutting back its spending plans. The latest investment plan will be lower than the spending budget of 160 billion euros set last year through 2030. Tightening investments is part of Volkswagen’s broader cost-cutting measures aimed at addressing weak d