Strategy’s teetering financial tower
A bitcoin price reprieve can’t erase the company’s contradictions
Economic news
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The limits on Bessent’s Treasury swap lines for allies
The US provided Argentina with a $20bn swap line, but similar offerings to Gulf and Asian allies would face constraints
Mercuria to invest in smelters and mines as it expands metals push
Swiss trading house’s move to take 25% stake in aluminium plant in Indonesia marks shift into asset ownership
Goldman Sachs leads record renminbi borrowing by US banks
Bank joins ‘frenzy’ as China’s low interest rates draw in more foreign issuers
Price of access to Trump’s memecoin VIP reception plunges
Top holders of $TRUMP only need own a median of $539,000 to get into exclusive meeting with US president
Singapore turns to Russian fuel oil as war restricts Middle Eastern supplies
Imports from Russia to world’s biggest ship refuelling port surge in March and April