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Stay informed with free updates Simply sign up to the US banks myFT Digest — delivered directly to your inbox. Morgan Stanley is considering a move to offer cryptocurrency trading to customers on its ETrade platform, as US banks prepare for lighter regulation of digital assets under the Trump administration. The bank’s deliberations are at … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK government has already set aside almost £100mn to pay for its bailout of British Steel just weeks after taking control of its two blast furnaces from Chinese owner Jingye. Business secretary Jonathan Reynolds … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The board of Tesla is not looking to replace Elon Musk as chief executive. It said so on Thursday, in response to a Wall Street Journal article that had stated otherwise. The point is moot, … 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 Large pension funds and other big institutional investors have started to borrow against their private equity portfolios to raise cash after a slowdown in dealmaking activity and public offerings has dimmed their hopes … Read more
Franklin Templeton is aiming to list $1.7bn of Uzbekistan’s state assets on international markets within a year, as part of a plan by the US investment group to put the central Asian country on the map for global investors. The firm, which took over as manager of the Uzbekistan National Investment Fund, or UzNIF, on … Read more
Private acquisitions have stripped more than $1tn from European equity markets in the past decade, according to a new report underlining how stock markets are losing out in the private capital boom. The trend poses a “much bigger threat” for European capital markets than defections of listed companies to Wall Street, according to a new … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. 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 … 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 The Trump administration’s early trade deals could trigger a binary reaction from financial markets and determine how investors view the White House’s tariffs, Goldman Sachs president John Waldron said. Wall Street has endured … Read more
Stay informed with free updates Simply sign up to the Chinese business & finance myFT Digest — delivered directly to your inbox. Multinational companies are flocking to China’s bond market at a record rate as they try to secure cheaper financing and hedge against deteriorating relations between Beijing and the US. So-called panda bond issuance … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Norway’s giant $1.8tn oil fund expects to save a fifth of its annual trading costs by using artificial intelligence to trade less frequently and more efficiently, in a sign of how the technology could upend … Read more