South Korea’s Curbs on ETF Speculation Echo 1873’s Panic

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. Key...

Explosive Drone at German Airport Marks New Threat to Europe

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...

German Airport Stops Flights After Drone Sighting, Collision

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...

Yen Rally Stalls Even as Bessent Vows Support After Intervention

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 Gets New Evidence of Fake Invoices at Beleaguered Fund

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...