China said it has completed its May rotating presidency of the UN Security Council. Foreign Minister Wang Yi chaired a high‑level open debate at UN headquarters in New York, set out five proposals to restore the authority of the UN Charter and strengthen UN roles, and attended a Friends of Global Governance meeting where he proposed nine priority reform directions. Under China’s presidency the Security Council reviewed hotspots including Israel‑Palestine, Iran and Ukraine and discussed protectio

Brazil's finance minister Du Ligan said the US Section 301 probe is more political than technical.

Goldman Sachs' prime brokerage unit says hedge funds bought US equities last week at the fastest pace in six months as the S&P 500 extended its record run. Goldman traders said flows were driven by long buying in index products and ETFs and by short covering. US-listed ETF short positions fell for a second week, down 0.6%. Ongoing AI-infrastructure investment and better-than-expected earnings supported the rally. The S&P 500 has risen nine straight weeks, the longest streak since 2023; the Nasdaq-100 is up more than 20% YTD.