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The Indian rupee (INR) strengthened, trading below 96 per US dollar for the first time since late May, down 0.46% on the day.

2026-07-14

The Indian rupee (INR) strengthened, trading below 96 per US dollar for the first time since late May, down 0.46% on the day.

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2026-07-13

Japan’s push to steer more national pension assets into domestic markets risks redirecting billions into Japan and trimming fee revenue for foreign managers. Finance Minister Katayama said last Friday the government aims to substantially raise the na

Japan’s push to steer more national pension assets into domestic markets risks redirecting billions into Japan and trimming fee revenue for foreign managers. Finance Minister Katayama said last Friday the government aims to substantially raise the national pension fund’s allocation to domestic assets, prompting investor bets that billions of dollars could flow into Japanese markets. The Government Pension Investment Fund (GPIF) manages $1.8 trillion; roughly $93 Billions of overseas exposure is almost entirely run by foreign managers. As of the fiscal year to March 2025, GPIF relies on 35 external managers for overseas mandates; those firms collectively earned about JPY21bn (~$130m) in fees, and some global managers could face losses of tens of millions of dollars in management fees. Broadridge Asia-Pacific head of growth solutions Yoon Ng says passive foreign managers may come under pressure while domestically strong active stand managers to benefit.
2026-07-14

Financial Times: Plaid Cymru's Welsh first minister challenged "future prime" minister" Andy Burnham to prove his commitment to devolution by transferring a package of new powers to the Welsh government in Cardiff.

Financial Times: Plaid Cymru's Welsh first minister challenged "future prime" minister" Andy Burnham to prove his commitment to devolution by transferring a package of new powers to the Welsh government in Cardiff.
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