BUSINESS
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
UK took control of British Steel before assessing costs to taxpayers, letters show
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK government decided to seize control of British Steel before it had assessed the costs to taxpayers, raising questions over the ultimate price of saving the country’s last two blast furnaces. Jonathan Reynolds, business … Read more
UK plans close co-operation with the US over crypto regulation
Stay informed with free updates Simply sign up to the UK financial regulation myFT Digest — delivered directly to your inbox. Britain will exempt overseas stablecoin issuers from complying with its new cryptocurrency rules, as ministers commit to closer co-operation with the US in regulating the emerging global market for digital assets. The proposals, set … Read more
Trump tariffs will push up bad loans for lenders, BoE warns
Stay informed with free updates Simply sign up to the Financial & markets regulation myFT Digest — delivered directly to your inbox. The Bank of England’s top financial supervisor has said it is monitoring the impact on lenders of Donald Trump’s sweeping tariffs, with an expected economic slowdown likely to lead to higher provisions for … Read more
Elliott’s activist bet on BP goes from slick to slippery
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Activist investors start with a simple enough idea: take an underperforming company, sometimes with too much debt. Push it to slim down. Hammer its remaining business into reasonable shape. And then enjoy a veritable gush … Read more
Donald Trump’s first 100 days mark worst for US stock market since Gerald Ford
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world US stocks are on course to have lost almost 8 per cent during the rollercoaster first 100 days of Donald Trump’s second term — the worst start for a new administration since Gerald … Read more
Pemex suppliers face ‘critical moment’ as Mexican oil group’s bills go unpaid
This article is an on-site version of our Energy Source newsletter. Premium subscribers can sign up here to get the newsletter delivered every Tuesday and Thursday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters Hello and welcome back to Energy Source, which comes to you from New York and Mexico City … Read more