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The push to decarbonise European steelmaking suffered a fresh blow last week as ArcelorMittal turned down more than €1bn in public subsidies to convert its German plants to run on greener hydrogen. The company blamed the prohibitively high cost of energy, just as Swedish steel producer SSAB also admitted to delays at its flagship low-emission … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The German financial watchdog that was criticised for badly mishandling one of Europe’s biggest accounting frauds said it has become much more active and “willing to step on toes” in the five years since Wirecard … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Private equity-backed software group Visma has chosen London over Amsterdam for the planned initial public offering of the €19bn software company next year, scoring a rare win for the UK’s beleaguered stock market. British buyout … Read more
Stay informed with free updates Simply sign up to the Fund management myFT Digest — delivered directly to your inbox. Investors are fleeing long-term US bond funds at the swiftest rate since the height of the Covid-19 pandemic five years ago as America’s soaring debt load tarnishes the appeal of one of the world’s most … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The summer months are a time for taking a break, basking in the sunshine with friends and family, and financial markets going loopy for little or no obvious reason. As we approach the season in … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is a former global head of equity capital markets at Bank of America and is now a managing director at Seda Experts Sometimes a capital markets deal exposes the machinery of political power. … Read more
One scoop to start: Private equity-backed software group Visma has chosen London over Amsterdam for the planned initial public offering next year of the €19bn company, scoring a rare win for the UK’s beleaguered stock market. And another thing: A mediator has suggested Paramount pay Donald Trump about $20mn to settle the US president’s lawsuit … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. As more companies order their workers back to the office, queues at coffee shops in London are definitely getting longer. With most of the capital’s chains charging around £4 a cup, it’s also an expensive … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The dollar weakened to a three-year low after a report that Donald Trump was considering nominating the next Federal Reserve chair early. The US dollar fell 0.3 per cent against a basket of key trading … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Hong Kong’s de facto central bank has intervened in foreign exchange markets to defend the city’s currency peg. The Hong Kong Monetary Authority said it used HK$9.4bn ($1.2bn) of its reserves to buy Hong Kong … Read more