Trading firm DRW suffered sharp loss on power market as prices gyrated
Group took $176mn hit and parted ways with its head electricity and gas trader as winter volatility battered positions
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US insurance rulemaker probes credit risks tied to data centres
Association’s efforts come as capital from the sector plays a growing role in AI infrastructure build-outs
US-backed fund explores buying stake in troubled French miner Eramet
Orion CMC looking at Duval family’s stake in group that boasts France’s government as shareholder
Why worry about the rupee?
India’s currency isn’t especially weak and stabilising it has costs as well as benefits
A Chinese start-up’s unfolding dilemma exposes cracks in Beijing’s tech funding machine
While the U.S. channels support to tech winners indirectly via incentives, Chinese governments at every level take direct equity stakes.
Donald Trump says US close to deal with Iran and calls off strikes
Markets rally and oil prices dip as US president claims agreement will reopen Strait of Hormuz