Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Over on mainFT there’s a story about a new rouble-backed stablecoin, called A7A5, and a new exchange that uses it, called Grinex: A new cryptocurrency token designed to allow cross-border payments in spite of western … Read more
Crypto coin for Russian shadow payments moves $9bn
Stay informed with free updates Simply sign up to the Cryptocurrencies myFT Digest — delivered directly to your inbox. Hong Kong and Dubai are expected to be the main beneficiaries of a crackdown in Singapore on crypto exchanges, with unlicensed players being forced to close or move their operations by the end of the month. … Read more
I am preparing my will, following my retirement. I recently decided to invest a portion of my wealth in cryptocurrency and I plan to invest more in the coming months. I am thinking about any potential pitfalls I might need to navigate with crypto versus more traditional assets like real estate or cash. What are … Read more
US banking mergers will accelerate over the next year, executives predict, driven by a more favourable approach from regulators, intensifying competition and the need to spend more on technology. Anticipation about a surge in deals between American banks has been growing since Donald Trump won last year’s presidential election promising to cut regulation and unburden … Read more
Stay informed with free updates Simply sign up to the Sustainability myFT Digest — delivered directly to your inbox. Christopher Marquis is Sinyi professor of Chinese management at Cambridge Judge Business School. When Dr Bronner’s recently announced it would not renew its B Corp certification, it sent ripples through the responsible business community. The decision … Read more
Stay informed with free updates Simply sign up to the Financial services myFT Digest — delivered directly to your inbox. The UK’s largest wealth managers are preparing to sell private markets products to their retail customers, as investment groups battle to maintain their relevance with savers and the importance of public markets dwindles. Wealth managers … Read more
As Iran started firing missiles at a US air base in Qatar on Monday, oil traders responded with striking speed — not by buying, but by selling. Within seven minutes of the first launch at about 5.30pm London time, Brent crude, the international benchmark, began to slide. It took only 20 minutes for the losses … Read more
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world President Donald Trump said China could purchase oil from Iran, in an apparent reversal of policy after his administration spent months imposing sanctions on Chinese refineries for buying Iranian crude. “China can now … Read more
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world A few weeks ago, we wrote about how the Trump administration’s big ugly bill would defund the Treasury’s Office of Financial Research and potentially sabotage the calculation of SOFR. However, it turns out … Read more