China needs to take a long-term view and let the renminbi rise
Appreciation would suit Beijing’s global ambitions for the currency
Economic news
Read More
Lloyds moves £6bn pension fund in house
New provider Scottish Widows is overhauling its offering
Germany and Italy pressed to bring $245bn of gold home from US
Trump’s attacks on the Fed and growing geopolitical risks reignite public debate about repatriating bullion
Revolut chief in line for Musk-style payday at $150bn valuation
Nik Storonsky struck deal before SoftBank funding round that awards him more shares if valuation clears set hurdles
Oil price jumps after US strikes Iran
International benchmark Brent rises to almost $80 as geopolitical risks mount
Oil price expected to surge after US strikes Iran
Extent of increase likely to depend on whether Tehran retaliates with attacks on oil infrastructure or shipping in Strait of Hormuz