China’s BYD, the world’s top electric car-maker, is preparing a new model for India as it looks to continue its rapid growth overseas, executive vice president Stella Li told AFP on Tuesday.

Nvidia is nearing a deal to invest roughly $20 billion in OpenAI as part of its latest funding round, a person familiar with the matter told Reuters on Tuesday.

Oil prices extended gains on Wednesday after the US shot down an Iranian drone and armed Iranian boats approached a US-flagged vessel in the Strait of Hormuz, rekindling fears of an escalation in tensions between Washington and Tehran.

Gold prices bounced back to hover near $5,100 on Wednesday, underpinned by safe-haven demand as renewed US-Iran geopolitical tensions added to bullion’s appeal a day after it posted its best day in more than 17 years.

Malaysia, Thailand and Vietnam expanded their US trade surplus in dollar terms

Neodymium, praseodymium, dysprosium, and terbium account for most economic value

The price of gold climbed more than seven percent but later traded near $4,950 per ounce

China, flexing muscle in a trade war launched by Trump, last year tightened its supply chain for rare earths

The World Trade Organization regulates large swathes of global trade but is handicapped by a rule requiring full consensus among members

Sediment containing rare earth was retrieved from ocean depths of 6,000 metres (about 20,000 feet) on a Japanese test mission, the government said Monday, as it seeks to curb dependence on China for the valuable minerals.

Its production was down 29.1 percent, extending a losing streak which began July last year

Gold extended its fall on Monday to $4,677.17 per ounce

Japan says the mission was the world's first bid to tap deep sea rare earths at such a depth.

Nvidia chief executive Jensen Huang has insisted the US tech giant will make a “huge” investment in OpenAI and dismissed as “nonsense” reports that he is unhappy with the generative AI star.

US President Donald Trump on Saturday said India will buy Venezuelan oil, helping to replace some of the Russian oil that the world’s third-biggest oil importer buys.

Bitcoin, the world’s largest cryptocurrency by market value, was down by 6.53 percent at $78,719.63 at ​12:48 p.m. ET (1748 GMT) on Saturday, continuing its decline from the ‌previous session.

Kevin Warsh checks a long list of boxes for President Donald Trump as his pick to run the Federal Reserve, with longstanding political and social ties to the president, deep Wall Street ​connections and a well-tailored demeanor, but how deeply and quickly he will cut interest rates and how aggressively he will pursue his “regime change” at the Fed remain ‌open questions.

Migrants sent home $3.17 billion in January

Ford said in December last year it would take a $19.5 billion writedown and scrap several EV models.

Reuters reported on Friday that the United States has told Delhi it could soon resume purchases of Venezuelan oil to help replace imports of Russian oil, citing three people familiar with the matter.