Mars FX US LP hedge fund files for bankruptcy as $600 million in assets go missing. The fund, managed by David Choi, previously reported average annual gains of 19% with no monthly losses.

Merck & Co Inc launches a cash tender offer for Terns at $53.00 per share.

Merck & Co Inc has initiated a cash tender offer to acquire Terns at a price of $53.00 per share.

Economists revise US inflation outlook, projecting only one Federal Reserve interest-rate cut this year as energy costs rise due to the Iran war.

Economists have increased their US inflation forecasts and now project only one Federal Reserve interest-rate cut in 2026, citing higher energy costs resulting from the Iran war.

The Central Bank of Russia lowers its key interest rate to 14.5%. The regulator also revised its 2026 oil price forecast for tax purposes to $65 per barrel and adjusted interest rate projections for 2027.

The Central Bank of Russia has lowered its key interest rate to 14.5% per annum. The bank also adjusted its 2026 and 2027 interest rate forecasts and raised its oil price projection for tax purposes in 2026 to $65 per barrel.

Colombia moves to transfer $7 billion from private pension savings into the public retirement system, a plan that analysts warn could destabilize local financial markets.

The Colombian government is proceeding with a proposal to shift approximately $7 billion from private pension funds into the public retirement system, raising concerns regarding potential market instability.