Trump’s tariff threats hit Indian rupee
Also in this newsletter: AI changes the plot in Indian cinema, and devastating flash floods in Uttarakhand
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Trump opens US retirement plans to crypto and private equity investments
Move is expected to fuel growth of alternative asset industry but will expose Americans’ 401k funds to higher risks
Trump orders regulators to review ‘debanking’ practices
President issues directive after accusing lenders of discrimination against conservatives
US hits one-kilo gold bars with tariffs in blow to refining hub Switzerland
Decision could upend the global bullion market, analysts say
UK financial watchdog fees cause drop in claims management companies’ complaints
Financial Ombudsman Service had begun charging for new cases
Cryptocurrency group Ripple buys stablecoin platform in $200mn deal
Investment follows passing of so-called Genius Act to regulate stablecoins in the US