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US Treasury secretary Bessent says Japan is ‘behind the curve’ on rates
US Treasury secretary’s comments mark rare intrusion into Asian ally’s monetary policy
The moneymen funding Big Tech’s AI dreams
Plus, the blockbuster IPOs putting bankers under the microscope
French borrowing costs close in on Italy’s as investors fret over debts
Anxiety grows over France’s public finances just as Rome improves its standing with bondholders
The gold market is too important to be left to private clubs
The institutions underpinning the trading and storage of the precious metal remain opaque and under-regulated
‘If in doubt, do nothing’: how the Wellcome Trust’s investments outshone its peers
Under outgoing chief investment officer Nick Moakes the foundation made just a handful of big investment calls