Gold is facing renewed pressure as expectations for higher interest rates and rising bond yields make the non-yielding metal less attractive - WSJ

The rate outlook has become a key driver for precious metals, with investors watching the Federal Reserve’s policy path and the direction of U.S. Treasury yields.
(@FirstSquaw)

Revolut is facing an escalating data-security crisis.

The digital bank inadvertently provided sensitive information on roughly 680 customers to a scammer who posed as a government official and submitted fraudulent law-enforcement requests, according to the WSJ.

The incident has now moved beyond a data breach, with a hacker threatening to release more stolen customer information unless Revolut pays a ransom. UK regulators are also examining the incident.

The episode raises fresh questions about how financial institutions verify official requests for highly sensitive customer data.
(@FirstSquaw)

China’s defence minister says the country must prevent the resurgence of regressive historical trends, as Beijing outlines its approach to the evolving global security environment.
(@FirstSquaw)

China’s defence minister says provocative acts must not be allowed, calling for greater restraint as countries navigate an increasingly complex security environment.
(@FirstSquaw)

China’s defence minister says security risks should be identified and defused early, warning that small areas of friction should not be allowed to escalate into major disputes.
(@FirstSquaw)

China’s defence minister says military force cannot address the root causes of problems, arguing that coercion would only deepen divisions.
(@FirstSquaw)

China’s defence minister says China remains a stabilising force in efforts to end hostilities, highlighting Beijing’s stated role in promoting security and reducing tensions.

China positions itself as a stabilising force
(@FirstSquaw)

China’s defence minister says the international community should respect the sovereignty and will of the parties concerned, stressing the importance of allowing those directly involved to determine their own course.
(@FirstSquaw)

China’s defence minister says the Chinese military is ready to work with all parties to safeguard regional stability, signaling Beijing’s stated focus on cooperation in addressing security challenges.

Cooperation for regional stability
(@FirstSquaw)

China’s defence minister says greater cooperation will make countries safer, emphasizing collaboration as a way to address shared security challenges.
(@FirstSquaw)

China’s defence minister says the Chinese military will share its experience and provide appropriate assistance to other militaries in need.
(@FirstSquaw)

China plans to expand international defence cooperation across joint military exercises, personnel training, equipment and technology, according to its defence minister.
(@FirstSquaw)

China’s defence minister called for joint action to address risks linked to the abusive military use of emerging technologies.

The remarks highlight growing attention on how new technologies could be used in military applications and the risks that may arise from their misuse.
(@FirstSquaw)

Japan’s 10-year government bond yield edged lower, falling 1.0 basis point to 3.020%.
(@FirstSquaw)

Hong Kong’s upcoming policy address is set to unveil new initiatives focused on youth housing and mediation - SCMP

The measures are expected to highlight government efforts around housing support for younger residents, alongside initiatives aimed at resolving disputes through mediation.
(@FirstSquaw)

Meta’s Threads is introducing parental supervision features for teenagers across Asia-Pacific.

The rollout gives parents additional tools to oversee how teens use the platform, expanding Meta’s focus on safety and supervision features for younger users.
(@FirstSquaw)

The PBOC has set the yuan’s daily midpoint at 6.7628 per U.S. dollar.
(@FirstSquaw)

China has set the yuan’s daily midpoint at its strongest level since February 3, 2023.

The stronger fixing puts the yuan at a key level against the U.S. dollar as markets continue to monitor China’s currency policy and broader dollar movements.

Yuan midpoint: strongest since Feb. 3, 2023
(@FirstSquaw)

Japan is offering ¥2.5 trillion in Treasury discount bills, adding to the latest government debt issuance.

The auction will be closely watched by investors for demand and pricing as markets assess Japan’s short-term funding conditions and broader bond-market trends.
(@FirstSquaw)

China’s central bank injected 600 billion yuan into the financial system through overnight reverse repos, according to a statement.

The operation adds short-term liquidity to the banking system as markets monitor funding conditions and the PBOC’s monetary-policy stance.
(@FirstSquaw)

The Singapore dollar has weakened to 1.2738 per U.S. dollar, its lowest level since September 2.

The move puts renewed focus on currency markets as traders track the strength of the U.S. dollar and shifting expectations around global interest rates.
(@FirstSquaw)