[email protected] 
As Iran started firing missiles at a US air base in Qatar on Monday, oil traders responded with striking speed — not by buying, but by selling. Within seven minutes of the first launch at about 5.30pm London time, Brent crude, the international benchmark, began to slide. It took only 20 minutes for the losses … Read more
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world President Donald Trump said China could purchase oil from Iran, in an apparent reversal of policy after his administration spent months imposing sanctions on Chinese refineries for buying Iranian crude. “China can now … Read more
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world A few weeks ago, we wrote about how the Trump administration’s big ugly bill would defund the Treasury’s Office of Financial Research and potentially sabotage the calculation of SOFR. However, it turns out … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Spanish government has thrown a new obstacle into the path of BBVA’s €11bn hostile bid for rival lender Sabadell, declaring that the would-be acquirer cannot merge the two entities for at least three years. … Read more
This article is an on-site version of our Chris Giles on Central Banks newsletter. Premium subscribers can sign up here to get the newsletter delivered every Tuesday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters Donald Trump said on Thursday that Jay Powell was “one of the dumbest, and most destructive, … Read more
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Top central bankers have delivered a scathing assessment of stablecoins, saying they “perform badly” on key requirements for being widely used as money, disavowing US President Donald Trump’s push to make them a … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Revolut chief executive Nik Storonsky started his career as an equity derivatives trader, a business that was built on the idea of making bets with limited downside and potentially massive pay-offs. Investors offering him a … Read more
This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters Good morning. The US stock and bond markets didn’t care much about the US strikes in Iran. The S&P 500 … Read more
Currencies, stocks and bonds in developing countries are defying US President Donald Trump’s trade war and the conflict in the Middle East to outperform global markets in 2025, after years in the shadow of a strong dollar. A JPMorgan index of the local currency bonds of large emerging markets and an MSCI gauge of their … Read more
