Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK financial regulator has fined Monzo £21mn for repeatedly breaching rules against opening accounts for “high-risk customers” after the digital bank took on clients with “obviously implausible information”. The Financial Conduct Authority started reviewing … Read more
Global stock markets were steady on Tuesday as investors awaited the next moves from Donald Trump, after the US president announced tariff rates for more than a dozen of the US’s trading partners. The US president on Monday sent letters to 14 trading partners, including Japan and South Korea, setting out the tariffs that would … Read more
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all … Read more
Stay informed with free updates Simply sign up to the Retail sector myFT Digest — delivered directly to your inbox. Shein has confidentially filed for an initial public offering in Hong Kong as the online fast-fashion retailer seeks to accelerate a drawn-out listing process and pressure the UK regulator into approving a London listing. The … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The author is vice-chair at Oliver Wyman and former global head of banks and diversified financials research at Morgan Stanley Once the domain of pension funds, insurers and the uber-wealthy, private credit is undergoing a … Read more
Stay informed with free updates Simply sign up to the Chinese business & finance myFT Digest — delivered directly to your inbox. Chinese investors are driving a sharp rally in mainland bank stocks listed in Hong Kong, as they hunt for alternatives to the near-record low yields offered by government debt. The Hong Kong shares … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is the author of ‘Chip War’ and adviser to Vulcan Elements Shortly after Beijing announced new restrictions on exporting rare earth minerals and the specialised magnets they make, the world’s auto industry warned … Read more
Stay informed with free updates Simply sign up to the Fintech myFT Digest — delivered directly to your inbox. Metaplanet, the Japanese hotelier turned bitcoin purchaser, has said it is in a race with rivals to snap up as much of the cryptocurrency as possible so it can leverage its holdings to buy cash-generating businesses. … Read more
Stay informed with free updates Simply sign up to the Oil & Gas industry myFT Digest — delivered directly to your inbox. BP has appointed a former chief financial officer of rival Shell to its board as the energy major seeks to bolster the oil and gas experience among its non-executive directors in response to … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Mining royalty company Royal Gold has agreed two acquisitions worth $3.7bn, in the latest deals to show how record bullion prices are driving consolidation in the highly fragmented sector. The Nasdaq-listed company said on Monday … Read more