How secretive hedge fund Magnetar went all in on AI
The group known for betting against subprime mortgages is wagering billions of dollars on CoreWeave
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Developing countries swap out of dollar debt to cut borrowing costs
Sovereign borrowers are turning to lower interest rates in currencies such as the Chinese renminbi and Swiss franc
Oil and gas industry touts ‘tiebacks’ to boost North Sea production
Viability of linking new production to existing hubs explored as calls grow for extensions to existing licences
Gold price vaults past $3,500 to new record
Bullion surpasses previous high set in April after Donald Trump’s ‘liberation day’ tariffs
Chinese renminbi strongest against dollar since Trump’s election win
Rally comes after years of weakening and is seen as signal that Beijing will allow gradual appreciation
European banks push for lower cross-border hurdles
Call for end to ‘fragmented approach that is trapping capital and liquidity’ and putting lenders at disadvantage to US rivals