Shein explores US restructuring as tariffs threaten to derail London IPO

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Shein is exploring ways to restructure its US business in the event the Trump administration sticks with punitive tariffs on Chinese imports, a move that could jeopardise its London float. The fast-fashion company’s US business … Read more

UBS, Barclays and SocGen reap trading windfall from market turmoil

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UBS, Société Générale and Barclays have become the latest banks to reap a windfall from the market turmoil unleashed by US President Donald Trump’s tariffs, as traders helped power the lenders to better than expected … Read more

Demand for Chinese stocks lifts Hong Kong exchange’s profits

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Surging global demand for Chinese stocks led Hong Kong’s exchange operator to its highest-ever quarterly profits, as investors renewed their optimism over Chinese technology companies and new listings. Net profit at Hong Kong Exchanges and … Read more

Oil’s gone weird

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. “Contango” evokes images of dusky dancers from La Boca in Buenos Aires. If only things were that romantic. Instead, it refers to the situation that occurs while using financial futures contracts in which assets are … Read more

India’s Modi hails ‘new energy’ in push for Latin American minerals

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. India’s prime minister Narendra Modi this month hailed a “new energy” in New Delhi’s relationship with the “entire” Latin America, as the world’s fastest-growing major economy tries to deepen ties with the continent to secure … Read more

Big oil braces for a rough year

The oil industry is bracing for its worst year since the pandemic, and Spain and Portugal are reeling from a massive power outage. Plus, the FT’s Emily Herbert explains why the flight into the Swiss franc is causing a headache for the country’s central bank. Mentioned in this podcast: Big Oil braced for worst year … Read more

HSBC’s Elhedery backs US dollar despite tariffs hit to economic outlook

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. HSBC chief executive Georges Elhedery has said it is “critical” that the dollar maintains its position as the dominant currency while he outlined the impact of trade tariffs on the bank’s business. “Trust and confidence … Read more