Only 0.6% of offshore debt recovered from China’s property developers

Stay informed with free updates Simply sign up to the Chinese business & finance myFT Digest — delivered directly to your inbox. International bondholders have recovered less than 1 per cent of nearly $150bn of bonds defaulted on by China’s property developers since 2021, despite years of negotiations and nearly a dozen restructuring agreements. Just … Read more

Dutch pensions to invest €100bn in risky assets boosting Europe’s defence efforts

Stay informed with free updates Simply sign up to the Pensions industry myFT Digest — delivered directly to your inbox. Dutch pension funds are set to plough tens of billions of euros into risky assets in Europe, as their move to a system without fixed benefits supports the continent’s efforts to attract investment and bolster … Read more

Traders pile into Scandinavian currencies in ‘euro on steroids’ bet

Stay informed with free updates Simply sign up to the Currencies myFT Digest — delivered directly to your inbox. Sweden and Norway’s currencies have become a favourite way for traders to bet on a European economic revival, outstripping other major peers since the start of the year as lawmakers across the region promise a spending … Read more

Steep fall in price of eggs prompts questions for US producers

Stay informed with free updates Simply sign up to the Agriculture myFT Digest — delivered directly to your inbox. US egg prices are rapidly declining after a bird flu epidemic pushed them to record highs last month, prompting questions about whether producers had kept them artificially high. Wholesale egg prices have fallen 54 per cent … Read more

The great European disentanglement from US stocks has only just started

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The problem for European investors in disentangling themselves from the US is that, deliberately or otherwise, they are in deep. Portfolios everywhere, retail and institutional, are stuffed to the gills with US stocks. This can … Read more

Charlie Javice convicted of defrauding JPMorgan in sale of fintech start-up

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A fintech start-up founder was convicted of defrauding JPMorgan Chase by overstating the value of a student loan business it bought from her, completing a stunning fall from grace for the millennial entrepreneur and an … Read more