A scary moment could require a new framework

New chancellor is sceptical that prohibiting the party will curb its appeal

Expectation of bilateral agreements strengthens Korean won and Taiwan dollar against greenback

Banks caught between sustainable investing backlash and EU clean energy push

While an easing of capital rules is intended to boost banks, it could also bolster the huge bets of leveraged hedge funds

The latest set of Chinese restrictions on rare earths exports are the most worrying to date

The Norwegian has become a lightning rod for shareholder criticism as chair of both companies

Messaging app’s finances are booming even as chief Pavel Durov fights French case over alleged content failings

More investors will own private assets in one form or another in the next few years — but not all strategies are created equal

Inflated stock prices may have been mistaken for growth-driven superiority

Stocks also slide after lacklustre $16bn auction for 20-year Treasuries

Deal will help AI data centre operator raise fresh capital after size of IPO was cut in Wall Street debut in March

Companies will be given 18-month window for shares to start trading, after several eleventh-hour IPO cancellations

Increase in Canada Pension Plan Investment Board’s exposure comes despite geopolitical tensions

Price hits $111,816 after gaining more than one-third over past month

Investment firm has lobbied for sweeping changes at US energy group

Report highlights how direct lenders are forging increasingly close ties to more tightly regulated financial groups

Managing partner of Thoma Bravo says wealthy individuals may be less sophisticated

Someone alert WallStreetBets

Also in today’s newsletter, IMF warning to US to tackle its debt burden and the discovery of a Mexican ‘death camp’