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Finance & Markets

By Dumping US Treasuries to Prop Up the Yen, Japan’s Foreign Currency Reserves Plunged by $95 Billion in August. But Don’t Cry for Japan. These Interventions Are Hugely Profitable

The government is already busy fighting over what to do with the $31 billion in profits on its foreign exchange interventions last fiscal year.

We haven't written up this one. Wolf Street has the full story — the link below goes straight to it.

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Africa Built This. Now It Must Own It

SPECIAL REPORT By Bashir Yusuf Ibrahim Nigeria’s Dangote Petroleum Refinery, the largest in the world, opens to public investors this week. It is the most consequential bet on African industrial

  • Dangote Petroleum Refinery set to IPO on September 14, 2026
  • Refinery represents African industrial sovereignty and financial inclusion
  • Nigeria's crude export era ends with Dangote Refinery

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