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Stay informed with free updates Simply sign up to the Cryptocurrencies myFT Digest — delivered directly to your inbox. The UK financial watchdog plans to stop retail investors borrowing money to invest in cryptocurrencies like bitcoin as it seeks to bring much of the fast-growing digital assets market under regulatory supervision for the first time. … Read more
Stay informed with free updates Simply sign up to the Equities myFT Digest — delivered directly to your inbox. Signs of a possible thaw in trade tensions helped drive global markets higher on Friday after Beijing said it was “evaluating” recent overtures from Washington on starting trade talks. China’s commerce ministry said the US had … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Shell has announced $3.5bn of share buybacks, maintaining its strategy of returning large amounts of cash to shareholders despite a 28 per cent fall in first-quarter profits. The UK-listed energy major on Friday reported adjusted … Read more
In October, France’s newly appointed prime minister Michel Barnier warned of a “sword of Damocles” hanging over the country — its “colossal” debt. His attempt to address the country’s creaking finances with a €60bn package of tax rises and spending cuts led to the end of his premiership just two months later. A downgrade of … Read more
The turmoil in financial markets triggered by Donald Trump’s sweeping tariffs has prompted comparisons with the mayhem unleashed by former UK prime minister Liz Truss’ disastrous mini-Budget nearly three years ago. The US president’s “liberation day” launch of a global trade war and Truss’s unfunded tax cuts both spooked investors and threatened to unhinge the … Read more
The writer is chair of the European Risk Management Council If someone set out to design a rigorous stress test for the financial system, it would be hard to come up with a better one than the scenario emerging from the actions and policies of the current US administration. When President-elect Donald Trump last year … Read more
In 2021, when an opaque family office with $36bn in assets at its peak collapsed, it sent much larger shockwaves through Wall Street than anyone had anticipated. Archegos had secretly been able to build up a portfolio of outsized bets concentrated on a handful of companies. A complex set of leveraged derivatives and no reporting … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. If there’s one company that has truly mastered the art of turning equity into cryptocurrency, it’s Strategy — formerly known as MicroStrategy. Yesterday, the company unveiled its latest gambit: a brand-new $21bn shelf registration to … Read more
How China is quietly diversifying from US Treasuries
