- US and South Korea are both seeking to extradite Do Kwon from Montenegro over the collapse of his TerraUSD stablecoin.
- South Korea may have an advantage due to an extradition treaty, but previous Montenegrin cooperation with the US could also play a role.
- The decision on extradition will be based on factors like the severity and location of the crime.
- Extradition could take months or even years, and may not require a formal extradition treaty.
- Investors in South Korea have expressed a preference for US prosecution, which may have stronger charges.
Central banks around the world are pausing tightening campaigns as inflation eases and economies slow. Inflation-targeting regimes are keeping their own houses in order, while the US Fed's key inflation gauges fell to the slowest annual paces since late 2021.
Two massive earthquakes on Monday have devastated cities and towns across Turkey and Syria, with death toll of over 16,000. This is one of the worst natural disasters this century, alongside the 2004 Sumatran Tsunami, 2010 Haiti earthquake and 2008 Cyclone Nargis.
A raft of U.S. data and European inflation numbers will give guidance on how the world's top central banks will navigate the way ahead, including the hotly debated "no landing" scenario. Reports on U.S. durable goods orders, home prices, manufacturing and consumer confidence threaten to cement expec