12 stories
Turkey's central bank total reserves fell by $949 million week-on-week to $159.2 billion as of 26 May. The decline was driven by a contraction in gross foreign exchange reserves.
Blackstone restricted withdrawals from its $79 billion BCRED private credit fund after redemption requests climbed from 7.9% to 10%, reigniting concerns over liquidity in private markets.
The South Australian government has handed down its 2026 budget, with A$1.8 billion in additional housing supply funding and A$1.2 billion of new hospital investment. The state treasury forecasts the deficit narrowing to 1.2% of gross state product by 2027.
A new report published in the United Kingdom finds that almost three-quarters of workers are off course to secure a 'moderate' retirement income. The independent Pensions Review Commission is examining higher auto-enrolment contributions and a new framework for self-employed workers.
Investors are voicing liquidity concerns about Masayoshi Son's SoftBank as it commits up to $30 billion to OpenAI and its borrowings climb sharply. SoftBank shares fell 10% in Tokyo trading and chip unit Arm shed more than $30 billion in market value in a few sessions.
Online banking and mobile app services at Lloyds Bank, Halifax and Bank of Scotland, all part of Lloyds Banking Group, returned to operation after an outage lasting several hours. The banking group apologised for the disruption to customers.
New Zealand Heartland Bank has announced plans to acquire regional rival TSB for $620 million. The deal marks a new step in years of consolidation in the country's retail banking sector. The Reserve Bank will review the agreement within 60 days.
Berkshire Hathaway announced two large acquisitions worth $16.8 billion in two business days under new CEO Greg Abel. Home builder Taylor Morrison and a second still-unnamed target were acquired. Wall Street analysts said Abel's strategy 'to mobilise Buffett's cash pile' has begun.
The Brussels prosecutor's office has opened an investigation into the anti-money-laundering control processes of cross-border fintech firm Wise. The company said it is co-operating with prosecutors and that no specific findings have so far been shared.
Germany, France, Italy, Spain, the Netherlands and Poland have agreed on a joint position to accelerate the EU's Capital Markets Union, Anadolu Agency Ekonomi reported. The move aims to narrow the bloc's investment gap and support technology scale-up.
ANZ New Zealand CEO Antonia Watson said the bank will appeal the class action ruling on the basis that the High Court 'incorrectly applied the law'. The case outcome could directly affect interest calculations and bank consumer practices.
The European Union has agreed to unlock billions of euros in funds frozen under former leader Orban, freeing access for Hungary. Prime Minister Peter Magyar called the agreement a 'historic' breakthrough.