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China’s tech groups turn to stablecoins for growth
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. In mainland China, cryptocurrencies remain banned. But stablecoins, or digital tokens pegged to traditional currencies, are starting to draw interest from local policymakers. As Hong Kong prepares to implement its stablecoin licensing rules on August … Read more
Indonesia’s big bet on nickel sours as global prices tumble
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Indonesia’s big bet on nickel is at risk of turning sour, as plunging prices and a supply crunch of ore force refiners to reduce output and lay off workers. The country, which boasts the world’s … Read more
A new twist on an old bet with Buffett
Ted Seides is the founder of Capital Allocators and former president of Protégé Partners. On a slow summer day 18 years ago, I began communicating with Warren Buffett about a bet that pitted the performance of hedge funds against the S&P 500. The suggestion turned into a charitable 10-year wager from January 1, 2008 to … Read more
The double-edged sword of a strong euro
Stay informed with free updates Simply sign up to the Currencies myFT Digest — delivered directly to your inbox. Europe is getting a little taster of a high-class problem: the downsides that come with operating a world-beating reserve currency. For now, the continent is not quite in this luxury spot. The euro accounts for a … Read more
Ditch snobbery about secondary listings to revive London, says CBI chair
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The London market’s best chances of revival could lie in attracting more secondary company listings, according to a report by Britain’s biggest business lobby group. A report published by the CBI on Wednesday suggests that … Read more
Donald Trump escalates trade war with plans for 50% copper tariff
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Donald Trump has said the US will impose big tariffs on copper and pharmaceuticals as the president steps up his global trade war. Trump told reporters before a cabinet meeting on Tuesday that … Read more
The Hong Kong stock market’s tentative revival
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Hong Kong’s status as a global financial hub has been dealt several blows in recent years. First came clashes between police and pro-democracy protesters ahead of a national security law, passed by Beijing in 2020, … Read more
UK officials hopeful steel industry will avoid 50% US tariff
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK officials are hopeful that the country’s steel industry will avoid being slapped with a 50 per cent tariff by Donald Trump when a deadline expires on Wednesday for nations to negotiate tariff deals with … Read more
Denmark and Finland reject more common EU debt
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Denmark and Finland are opposing plans for the EU to issue joint debt for purposes beyond defence, weakening Brussels’ plans for more common issuance to respond to crises. Danish premier Mette Frederiksen said on Tuesday … Read more