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Active ETFs: a lifeline for Europe’s struggling asset managers?

Foreign investors remain cautious over Turkish assets after last week’s plunge in the value of the lira, despite huge intervention to prop up the currency and restore confidence. The central bank — which had rebuilt the country’s net foreign reserves from deep in the red to about $65bn in the last year — committed more … Read more

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. An initial public offering is like a gummy bear rescued from behind a sofa cushion. It may be sweet and delicious, but it also tends to come with a film of miscellaneous detritus. The would-be … Read more

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. CoreWeave’s IPO is one of the odder tech plays to come along in a few years. It buys chips from Nvidia, and rents them out, mainly to Microsoft, but also to Nvidia. Today on the … Read more

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Argentina said on Thursday it had agreed a $20bn loan deal with the IMF to replenish the country’s central bank reserves, in a key step forward for libertarian President Javier Milei’s economic plan. Economy minister … Read more

Stay informed with free updates Simply sign up to the Cryptocurrencies myFT Digest — delivered directly to your inbox. European insurers will be penalised for holding cryptocurrencies under proposals announced by EU regulators on Thursday, imposing their most stringent capital requirements ever on bitcoin and other digital assets. The move is designed to discourage EU … Read more

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Imagine this set-up for a new stock market listing. A transformational new technology has sparked an infrastructure spending boom. Entrepreneurs from outside the tech industry have spotted the opportunity to borrow heavily to build a … Read more

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world With Donald Trump back in the White House, markets are moving fast. From trade wars to tax cuts, deregulation to Fed policy, investors are scrambling to adjust their initial expectations of a golden … Read more

Stay informed with free updates Simply sign up to the Climate change myFT Digest — delivered directly to your inbox. Just Stop Oil, the climate activist group, has said it is ending its protest campaign after its demand to end new oil and gas became UK government policy.  The group, which gained notoriety for throwing … Read more

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Well, there it is: CoreWeave is planning to slash the size of its initial public offering and bring in Nvidia as an anchor investor, another sign of wavering investor demand for artificial intelligence infrastructure on Wall … Read more