Indonesia's rupiah tumbles to record low of 17,765 per dollar as emerging-market currencies weaken.

China cracks down on offshore trading platforms after $1 trillion unauthorized outflow last year. Authorities target firms accused of helping investors bypass capital controls.

Authorities in China have launched a crackdown on offshore trading platforms accused of helping investors bypass capital controls, following an estimated $1 trillion in unauthorized capital outflows last year.

China sets yuan reference rate at strongest level in over three years. The People's Bank of China fixed the daily midpoint at its highest since 2023.

China's central bank set the yuan reference rate at its strongest level in over three years.

Commonwealth Bank CEO Matt Comyn says AI will take away jobs across the economy

Commonwealth Bank of Australia CEO Matt Comyn stated that AI will lead to job losses across the economy.

US credit card defaults hit near-15 year highs as payment delinquency accelerates to fastest pace since 2008 financial crisis.

Americans are falling behind on loan and credit card payments at the fastest rate since the 2008 financial crisis, with credit card defaults reaching near-15 year highs.