Money

How will the global minimum tax rate work?

World leaders struck a landmark deal last week to make it more difficult for multinational corporations to evade taxation and ensure big companies pay a minimum rate of 15%.

Yen slumps as rising energy prices, US yields bite

The yen hit a fresh three-year low on Tuesday, extending a sharp slide as traders wagered surging energy prices would drive Japan's demand for dollars and as they doubled down on expectations U.S. rates will rise well ahead of its peers.