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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Activist hedge fund Elliott Management is increasing the pressure on oil refiner Phillips 66, kick-starting a proxy battle calling for “sweeping changes” at the US energy conglomerate. In a draft letter to investors seen by … Read more
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump’s tariff regime pummelled Wall Street’s most powerful investment groups, many of which had expected just months ago that the president’s policies would fuel a golden age of economic growth and dealmaking. … Read more
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump’s tariff offensive convulsed global markets on Thursday, with sectors from banking to tech left reeling from the US president’s bid to remake the global economic order. Wall Street stocks sustained heavy … Read more
Stay informed with free updates Simply sign up to the European banks myFT Digest — delivered directly to your inbox. Almost a quarter of European banks have insufficient US dollar funding to cover their exposures in the currency, fuelling concern among regulators about fragilities that could be exposed by rising geopolitical tensions. The EU’s main … Read more
Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. Rating agency Fitch has downgraded China’s sovereign debt over concerns about weaker public finances and the impact of higher tariffs on exports, a move that prompted accusations of bias from Beijing. In a statement on … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. There are few outright winners from a global trade war. But tariffs are a blunt instrument. Sometimes, large headline numbers don’t fully reflect a sector’s exposure — which can create opportunities for sharp-eyed investors. Irish … Read more
Stay informed with free updates Simply sign up to the Oil myFT Digest — delivered directly to your inbox. Oil prices tumbled on Thursday as Opec+ unexpectedly announced plans to boost production just as sweeping US tariffs stoked fears of a global economic slowdown. Eight Opec+ members, including Saudi Arabia and Russia, said they would … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Wall Street banks have thrown in the towel on a marquee refinancing meant to pay down one of the largest private credit deals, in a sign of the turbulence in loan markets since Donald Trump … Read more
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world “Just tell me how things will end up!” It’s a question on many minds as the global economy undergoes a genuine paradigm shift that goes well beyond the US tariff announcement currently shocking … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US consumers face even steeper rises in the price of coffee and chocolate as a result of US President Donald Trump’s new tariffs on the world’s largest producers. The levies, which will hit coffee imports … Read more