Bloomberg Top News

The Federal Reserve’s dovish signal and concern over the US banking sector are emboldening yen bulls and spurring bets of a double-digit rally in the currency by year-end.

Next Plc’s sales fell by less than expected in the first quarter as cash-strapped shoppers juggled rising fashion prices and household bills.

An affiliate of Chinese state-backed developer Sino-Ocean Group Holding Ltd. is adding to a wave of debt extensions among Chinese builders by seeking to delay a coupon payment as liquidity worsens further in the real estate sector.

Shell Plc maintained the pace of share buybacks as it reported another strong quarterly profit despite lower oil and gas prices.

The tech giant will also let users access services like OpenTable from inside chats.

Copper rebounded from its lowest close in four months as metals received a boost from speculation the Federal Reserve is set to pause hiking interest rates, which increased appetite for risk assets.

Sweden’s financial supervisory authority, Finansinspektionen, will investigate risk management systems at Alecta following its failed bets in US niche banks.

Wheat prices extended their biggest jump in six months as tensions escalated in the Black Sea after Moscow said that it downed a pair of drones that attacked the Kremlin. Ukraine denied Russian allegations that its government organized the attack.

The US and the Philippines promised to deepen their defense alliance through expanded military drills and joint patrols during President Ferdinand Marcos Jr’s visit at the Pentagon where he was given rare honors, amid escalating China tensions.

PacWest Bancorp said deposits have increased since March and confirmed it’s in talks with several potential investors, seeking to calm markets after a 60% stock rout that made it the new focal point of concern over the health of US regional lenders.