Oil prices rebounded on Friday after Russia’s deputy prime minister suggested oil cartel Opec+ could reverse a plan to increase crude production. Alexander Novak said that while Opec+ would proceed with a plan to start pumping more oil in April, the group could “always play in the other direction” if the market became oversupplied. In … Read more
Stay informed with free updates Simply sign up to the UK financial regulation myFT Digest — delivered directly to your inbox. Revolut and Visa have filed legal challenges against the UK’s Payment Systems Regulator, with the companies arguing that the watchdog has overstepped its powers with a proposed cap on international digital transaction fees. The … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Brazil is to slash import duties on foodstuffs ranging from sugar to sardines in a bid to control rapidly rising prices, running counter to Donald Trump’s protectionist onslaught and the spectre of trade wars it … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Hedge fund Elliott Management has taken a €670mn short position in French energy major TotalEnergies according to regulatory filings, as the US activist firm agitates for change at rival BP. The bet, worth 0.52 per … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nasdaq is joining the race to offer round-the-clock trading of US stocks, in the latest sign of the importance the biggest exchanges are attaching to the tiny but fast-growing corner of the markets. The US … Read more
Stay informed with free updates Simply sign up to the Cryptocurrencies myFT Digest — delivered directly to your inbox. Cryptocurrency prices fell on Friday as an executive order from President Donald Trump to establish a US strategic bitcoin reserve left investors disappointed the plan would not trigger a wave of large-scale government purchases of digital … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. There are 70,550 children in Britain with 9,000 reasons to be thankful. Their Junior Isa accounts had the maximum £9,000 paid in during the 2022-23 tax year, according to a freedom of information request. The … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. It’s Isa season and consumer finance experts are encouraging savers and retail investors to use up their tax allowances before they reset at the end of the tax year on April 5. Investment platforms have … Read more
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Stay informed with free updates Simply sign up to the UK financial regulation myFT Digest — delivered directly to your inbox. Rules restricting mortgage lending by British banks will be loosened under plans announced by the financial regulator on Friday to make it easier for people to buy their own home. The Financial Conduct Authority … Read more