Stablecoins might revolutionise payments, but what if they don’t?

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Stablecoins are pretty cool in theory. They promise near-to-instant transfers of any value across any border, at transaction costs that could be far below what’s currently charged. Smart contracts might take the counterparty risk out … Read more

Nigerian bank Guaranty Trust plans secondary listing in London

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Guaranty Trust Holding Company, the parent of Nigeria’s biggest bank by market value, will list in London after selling $100mn in shares to investors, as lenders rush to complete the country’s largest bank recapitalisation in … Read more

Sentiment sours in the US oil patch amid low crude prices

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 Howdy ya’ll from Texas, and welcome to Energy Source. Today, I’ll be focusing on why US oil producers, largely … Read more

Gilts rally after Starmer says Reeves will remain as chancellor for ‘a long time’

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK government bonds rallied on Thursday after Sir Keir Starmer said Rachel Reeves would be chancellor for a “very long time”, allaying investor fears over her position. The prime minister made the promise after he … Read more