Javier Milei taunts economists as Argentina’s peso defies predictions of sharp fall

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Argentina’s peso has defied many analysts’ expectations and avoided a sharp fall following the relaxation of its fixed exchange rate this month, prompting libertarian President Javier Milei to mock economists who had warned of a … Read more

Mexico’s fintech stars start to shine at last

Gerry Giacomán Colyer worked in a start-up, management consultancy and a family business before he noticed one consistency: controlling company spending was tough. He and his business partner Diego Iván García saw staff deal with reams of paperwork, spend hours filling in expenses claims and struggle with various IT systems. No process existed that was … Read more

Donald Trump’s war with Federal Reserve threatens lasting damage to Treasuries

Donald Trump’s war of words with Jay Powell is likely to do lasting damage to the $29tn Treasury market, even after the US president backpedalled on his apparent threat to fire the Federal Reserve chair, big investors have warned. Trump this week said he had “no intention” of firing Powell, but reiterated his complaint that … Read more