Stay informed with free updates Simply sign up to the Cryptocurrencies myFT Digest — delivered directly to your inbox. Abu Dhabi’s MGX is ploughing $2bn into Binance in one of the digital asset industry’s largest-ever deals and the first institutional investment into the world’s biggest cryptocurrency exchange. The minority stake would be paid for in … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Chinese equities hit their highest level this year, defying a decline in the US stock market that pushed it into correction territory overnight amid hopes of further policy support for consumption in Asia’s largest economy. … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A French high-speed trading firm has urged Europe’s top markets regulator to close what it says is a loophole at futures exchange Eurex that gives some traders an “unfair” advantage. Paris-based Mosaic Finance, which specialises … Read more
The US Treasury secretary this month insisted Donald Trump had not changed America’s long-standing “strong dollar” policy. But investors have been puzzling over the president’s aims for the currency as some of his allies tout the benefits of a softer greenback for manufacturers. Many global currencies have recently appreciated against the dollar, but that is … Read more
The furnaces are roaring 24 hours a day at the Argor-Heraeus refinery in southern Switzerland, punctuated by the occasional plunk of a freshly poured gold bar falling out of its mould. The refinery has never been busier, according to co-chief executive Robin Kolvenbach, and the foundry has been working around the clock since December to … Read more
Stay informed with free updates Simply sign up to the Exchange traded funds myFT Digest — delivered directly to your inbox. Latest news on ETFs Visit our ETF Hub to find out more and to explore our in-depth data and comparison tools Asset managers in Hong Kong could have a greater incentive to launch lower-cost … 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 founder and chief executive of asset manager Capstone Investment Advisors It was only a matter of time before mixed signals on policy in the US would translate into higher volatility. When trade … Read more
I’m disappointed that charity Make My Money Matter has closed its five-year celebrity-backed campaign to make our pensions greener. This was the most eye-catching attempt to make the public care about their pensions since the government unleashed a 10-foot-tall purple pensions monster in its 2015 TV ad campaign (he was the embodiment of auto enrolment … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Shein’s executive chair has insisted that neither investors nor management of the fast-fashion retailer have raised concerns with him over the company’s valuation as it pursues a blockbuster London listing in the face of trade … Read more
It’s match day in Blackpool, and the Armfield Club is preparing for a busy one. The venue is close to the football stadium and, in recent years, has been turned into what is perhaps best described as part pub, part shrine to Blackpool Football Club. The Armfield’s pool table is the same tangerine colour as … Read more