The renminbi’s hardest mile is only now beginning
Turning currency into an asset the world wants to hold will be hard
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Glencore-backed group looks to rescue cobalt refiner Sherritt
New consortium is the second major investor aiming for control of North America’s only cobalt refinery
AI will boost oil and gas production more than green energy, report finds
Debate over tech impact on greenhouse gas emissions stoked by latest study
Wall Street giants partner with Nvidia on $500bn AI financing deal
Apollo, Blackstone and Goldman Sachs are among groups working with the chipmaker to raise capital for data centre boom
Shein IPO pitched to investors at sub-$30bn valuation
Fast-fashion retailer has suffered a roughly 70% drop in valuation over past four years
Yen sinks as effect of US-Japan intervention fades
Currency gives up nearly half of gains from joint action with investors citing lack of ‘unified voice’ among central banks