FirstFT: Xi Jinping calls for China’s renminbi to become global reserve currency
Also in today’s newsletter: India reveals its budget, and the latest release of Epstein files
Economic news
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Europe’s gas storage falls to lowest level since 2022
Harsh winter and policy changes push prices to 10-month high
Xi calls for China’s renminbi to attain global reserve currency status
Latest commentary details ambitions for ‘powerful currency’ to play a greater role in trade and forex
Danish pension funds under pressure to invest in domestic markets
Government drive comes as schemes in EU’s second-biggest retirement system reassess US exposure
Gold and silver tumult triggers ‘pandemonium’ in New York’s Diamond District
Volatility of the precious metals presents risks and big rewards for Manhattan’s no-nonsense jewellers
Oil and gas exploration back on Europe’s agenda, says Energean chief
Mediterranean-focused group points to shift from renewables in Greece, Italy and Cyprus