Meta Platforms (META.O) CEO said the company expects to start seeing greater benefits from its AI investments within the next 3-6 months.

HKEX filing shows UBS short position in Zijin Mining (02899.HK) H-shares rose to 2.74% from 1.83% on June 26.

The yen briefly hit its weakest level since 1986. More market-relevant than the level is that Japan has exhausted conventional policy levers yet the currency kept weakening: 1) rate hikes failed to stop the decline; 2) record defence spending did not support the yen; 3) repeated official warnings and calls for decisive action had no effect; 4) stabilising oil prices did not arrest depreciation. The common failure points to constraints in the global dollar funding system. When that system functions normally trade and credit expand, allowing currencies like the yen to appreciate; when it is strained, dollar scarcity hits economies exposed to global trade and dollar-priced imports regardless of domestic central bank policy.