Funding & Business
EU Wrestles With China’s Chokehold Over Crucial Defense Supplies
European metals traders are engaged in an increasingly frantic scramble to secure rare-earth metal supplies after it became all but impossible to directly source them from China.
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The first US interest rate cut since President Donald Trump took office for a second term is likely to seize the spotlight in a week that will determine policy settings for half of the world’s 10 most-traded currencies.
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Warner Bros. Discovery Inc.’s junk bonds surged this week, handing big gains to investors that bet on the company when its future looked comparatively bleak. More such opportunities may be coming, according to money managers including Loomis Sayles & Co.
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Ukraine’s military intelligence unit struck the Bashneft PJSC Novoil oil refinery in Ufa, Bashkortostan, on Saturday, according to a person familiar with the operation.
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