BUSINESS
Aberdeen chair says ‘save the world’ claim by asset managers was a ‘mistake’
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Asset managers made a “huge mistake” in claiming the investment industry could “save the world”, the departing chair of the UK’s Aberdeen Group said, over-egging their role in environment, social and government issues for marketing … Read more
India buys more US oil to appease Donald Trump as tariff deadline looms
This article is an on-site version of the India Business Briefing newsletter. To receive it in your inbox regularly, sign up if you’re a premium subscriber, or upgrade your subscription here. Good morning. The Brics meeting is this week, and both Prime Minister Narendra Modi and finance minister Nirmala Sitharaman are expected to travel to Brazil … Read more
Hong Kong’s bull market leaves China behind
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Hong Kong’s bull market is leaving China behind, in a sign that a lacklustre economic recovery and trade tensions with the US have weighed on investor sentiment in the mainland. Equities in mainland China are … Read more
Silver, the precious metal ready to outshine gold
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. It’s not just gold that glistens. Slightly poorer sibling silver is enjoying a similarly stellar run as wars and geopolitical vicissitudes drive investors into safe havens. Both precious metals are up around a fifth so … Read more
Rachel Reeves set to cut cash Isa allowance
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK chancellor Rachel Reeves is expected to announce plans to cut the annual tax-free cash Isa allowance in her Mansion House speech next month, in an effort to shift some of the £300bn cash pile … Read more
UK government demands probe into insolvency of Lindsey oil refinery
Stay informed with free updates Simply sign up to the Oil & Gas industry myFT Digest — delivered directly to your inbox. The UK government has called for an investigation into the owners of the Lindsey Oil Refinery after the facility fell into insolvency. The refinery in north-east England, which was bought by the privately … Read more
US dollar suffers worst start to year since 1973
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US dollar has suffered its worst first half of the year since 1973, as Donald Trump’s trade and economic policies prompt global investors to rethink their exposure to the world’s dominant currency. The dollar … Read more
South Korea lifts 14-year ban on ‘kimchi bonds’ after dollar-backed stablecoins frenzy
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A speculative frenzy in dollar-backed stablecoins has prompted South Korea to lift a 14-year ban on domestic financial institutions buying so-called kimchi bonds as it seeks to draw in offsetting capital inflows. The Bank of … Read more
Hedge funds lured by private credit boom
Welcome to FT Asset Management, our weekly newsletter on the movers and shakers behind a multitrillion-dollar global industry. This article is an on-site version of the newsletter. Subscribers can sign up here to get it delivered every Monday. Explore all of our newsletters here. Does the format, content and tone work for you? Let me … Read more