New York City’s five pensions beat their investment target over the past fiscal year, propelled by a record-breaking US stock market. The funds for police officers, firefighters, teachers, civil employees and school personnel returned 13% in the year through June 30,...

Individuals in India lost 916.85 billion rupees ($9.6 billion) buying and selling equity futures and options in the year ended March, down from 1.1 trillion rupees a year earlier, the government told lawmakers on Tuesday. The number of traders in equity derivatives...

Neros Inc. raised $250 million in a funding round that tripled its valuation to $2.5 billion, money that will boost the defense startup’s drone development and production to meet rising US government demand. The funding will also be used to expand internationally and...

Treasury Secretary Scott Bessent’s suggestion of a no-limits approach toward helping Japan rescue the yen risks getting called out by market participants flagging his limited firepower to do the job. Japan’s currency slid as much as 1% Monday to past 159 per dollar,...

The drone that crashed into a sunflower field in Bulgaria early Saturday was most likely a model commonly used by Ukraine, the Bulgarian defense ministry said. “Initial analysis of the wreckage shows that it is most likely a Maya decoy drone. This type of drone is...

Highly-indebted companies are increasingly ditching private credit loans for cheaper capital in the bank loan market, a shift underscoring the stark realities of higher-for-longer interest rates. Corporate America’s effort to limit its interest burden is showing up in...