Saudi Aramco cuts its dividend by $10bn

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Saudi Aramco reported a fall in first-quarter profits, resulting in a $10bn cut to its dividend and lowering a key source of funds for Saudi Arabia’s budget amid an uncertain outlook for oil prices. The … Read more

Tariff-fuelled tumult could dent appeal of US assets, watchdog warns

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world The Wall Street ructions sparked by President Donald Trump’s trade war could be a “tipping point” for foreign investors’ willingness to hold US assets, the head of Congress’s fiscal watchdog has warned. “Even … Read more

Coinbase agrees to buy Deribit for $2.9bn in digital market’s biggest deal 

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US cryptocurrency exchange Coinbase has agreed to buy Dubai’s Deribit for $2.9bn in the digital market’s largest ever deal as the industry prepares for an expected wave of demand from asset managers and banks. California-based … Read more

Funds for wealthy investors snap up expensive private equity stakes

Stay informed with free updates Simply sign up to the Private equity myFT Digest — delivered directly to your inbox. Big private equity investors are taking advantage of a flood of capital from wealthy individuals to cash out their buyout fund holdings at higher prices despite the industry’s years-long downturn. Some of the largest evergreen … Read more

Selling of dollar assets signals start of longer-term shift, warn investors

The dumping of US assets in favour of Europe’s resurgent markets signals the start of a much longer-term move by pension funds and other big institutional money managers to cut back their huge exposure to dollar investments, say investors. Wall Street banks say they are seeing signs that investors managing trillions of dollars of assets … Read more