Neros Inc. raised $250 million in a funding round that tripled its valuation to $2.5 billion, money that will boost the defense startup’s drone development and production to meet rising US government demand. The funding will also be used to expand internationally and...

Treasury Secretary Scott Bessent’s suggestion of a no-limits approach toward helping Japan rescue the yen risks getting called out by market participants flagging his limited firepower to do the job. Japan’s currency slid as much as 1% Monday to past 159 per dollar,...

The drone that crashed into a sunflower field in Bulgaria early Saturday was most likely a model commonly used by Ukraine, the Bulgarian defense ministry said. “Initial analysis of the wreckage shows that it is most likely a Maya decoy drone. This type of drone is...

Some say that history may not repeat itself, but it often rhymes. Single-stock product launches have exploded in the ETF ecosystem, but South Korea’s recent efforts to curb excessive speculation in these funds are producing historical echoes of the Panic of 1873....

Japan’s Topix stock index is poised for its biggest overhaul, with more than 600 companies — over a third of its constituents — likely to be gradually removed under new eligibility rules, according to analysts’ estimates. Companies whose free-float market...

A German airport used to ship Ukraine military equipment resumed flights after discovering an explosive-laden drone, prompting warnings of new threats targeting Europe. Germany’s Leipzig-Halle airport, a major hub for transporting cargo and arms, diverted several...

Germany’s Leipzig-Halle airport, a major hub for transporting cargo and military equipment, temporarily suspended flights after an armed drone was found overnight and a cargo plane collided in midair with a small, unidentified object. Several aircraft, including a...

The yen’s rally stalled Tuesday even as US Treasury Secretary Scott Bessent pledged continued support for Japan following a historic joint intervention. The yen ended the New York trading session weaker by 0.4% against the dollar, snapping the Japanese currency’s best...

Jefferies Financial Group Inc. has been told that some of the invoices underpinning its financing to an iron ore trader called Sapphire Minmetals Corp. are not genuine, according to people familiar with the matter. The discovery, which came after Jefferies checked the...

The Federal Communications Commission is drafting a ban on imports of some Chinese data center components to protect US data center infrastructure, Reuters reported. The proposed ban aims to prevent Chinese firms from installing malware or stealing data from the data...

Treasury Secretary Scott Bessent said the weakness of the yen has contributed to Japan’s inflation problem and raised the risk of broader depreciation of Asian currencies as he reiterated US support for efforts to stabilize the situation. “It’s just the level of the...

Refineries outside of conflict zones are running at full tilt across the world and there are few shock absorbers left in the system to protect against higher fuel prices, the world’s biggest oil company Saudi Aramco said. A combination of war in the Middle East and...