BUSINESS

How China is quietly diversifying from US Treasuries

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Who says equality wasn’t a thing 30 years ago? When I first began as a portfolio manager my colleagues were evenly split between Cambridge and Oxford graduates. Can’t be fairer than that. And our trading … 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 president and chief investment strategist at Yardeni Research When the US stock market was hitting new record highs last year, led by the Magnificent Seven group of technology companies, the financial media … 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

Stay informed with free updates Simply sign up to the US financial regulation myFT Digest — delivered directly to your inbox. A Republican plan to abolish the US regulator that oversees accounting firms risks damaging audit quality not just in America but around the world, according the organisation’s chair. Erica Williams, head of the Public … Read more

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. April Fool’s is a day, not a month. As investors limp into May, however, the feeling of being constantly unsure of what to believe persists. Despite the broad recovery in US equities since Donald Trump’s … Read more

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