US Treasury secretary Scott Bessent has suggested US tariffs on Chinese goods will not be reduced any further following Washington’s interim deal with Beijing, as he held out the prospect that the duties could stabilise close to their current levels. In an interview with Bloomberg, Bessent described the 90-day deal as a “pause” that brought … Read more
Stay informed with free updates Simply sign up to the US equities myFT Digest — delivered directly to your inbox. Sorry about the dual Y axis on the following chart. Blame Citigroup, not us: CY ‘25 Consensus Gross Margins by Size (Last 1Y) © Citi Research, Bloomberg It shows the average expected profit margin edging … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Cobalt Holdings has said it plans to list in London in June in an initial public offering that will see commodities trader Glencore take a 10 per cent stake in the metal investment company. Cobalt … Read more
Welcome to FT Asset Management, our weekly newsletter on the movers and shakers behind a multitrillion-dollar global industry. This article is an on-site version of the newsletter. Subscribers can sign up here to get it delivered every Monday. Explore all of our newsletters here. Does the format, content and tone work for you? Let me … 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. After two days meeting with Chinese vice-premier He Lifeng, Scott Bessent said “the talks were productive.” He Lifeng … Read more
Are investors starting to prefer Europe over the US?
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is president of Queens’ College, Cambridge, and an adviser to Allianz and Gramercy While there has understandably been a lot of focus on the unusual financial market volatility of recent months, I have … Read more
Oil executive Osayande Igiehon grew up in an area of Nigeria intersected with pipelines — part of the extensive infrastructure established by foreign energy companies to tap his country’s rich reserves. Igiehon believes this first-hand knowledge of the country gives Heirs Energies, the company he leads, a distinct advantage as it steps in to fill … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Chinese electric vehicle battery maker CATL said it would raise at least $4bn in what is set to be Hong Kong’s biggest listing this year. The company’s shares will be priced this week and start … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US beef prices are soaring to record highs as the country’s cattle inventory reaches its lowest level in more than 70 years, putting further strains on Americans’ grocery bills. The average price of a pound … Read more