Indian Prime Minister Modi will make his first official visit to New Zealand next week, New Zealand's prime minister said.

RBC BlueBay Asset Management analyst Russell Matthews said a coordinated US-Japan FX intervention to lift the yen is unlikely for now, as relatively stable core government bond yields reduce US willingness to act. He warned sustained yen weakness could provoke larger moves in Japanese government bond yields — 10-year JGBs approaching 3.0% — with potential spillovers to USTs and global sovereigns that would increase the case for coordinated intervention. The firm remains neutral on the yen; Matthews added Tokyo's interventions appear "increasingly random and sporadic."

Nanchip Technology launched a high-efficiency AC-DC power platform built around a multi-mode PFC plus current-mode LLC digital combo controller SC3270 and high-power LLCSR controllers SC3530/SC3531. The platform targets AI compute endpoints, industrial power supplies and telecom power, enabling customers to deploy PFC+LLC+SR efficient power architectures.