Javier Milei courts undeclared cash to dollarise Argentina’s economy

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Argentina’s libertarian President Javier Milei will scrap reporting rules that allowed tax authorities to minutely track people’s spending, aiming to mobilise billions of dollars of hidden savings to boost spending and dollarise the economy. Argentina’s … Read more

A flagless fleet is threatening the seas

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is a maritime intelligence analyst One of the many barriers to successful trade talks between Washington and Beijing is China’s reliance on Iran and Russia for its oil, and the dangerous, unregulated and … Read more

Phoenix plots rebirth as Standard Life

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Phoenix Group, the UK’s largest savings and retirement business, is nearing a decision to rebrand as Standard Life, in a move that would bring the historic brand back to the London Stock Exchange. The FTSE … Read more

Bank of England should stay in its ‘swim lane’ on climate risks, says deputy governor

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Bank of England should stay in its “swim lane” when tackling the financial risks of climate change and not interfere in the UK’s political debate around net zero carbon emissions, a senior official at … Read more

SEC vs FRB: private credit edition

Stay informed with free updates Simply sign up to the US financial regulation myFT Digest — delivered directly to your inbox. It’s hard not to laugh (hollowly) at the state of financial regulation in today’s America. The shot, from the WSJ three days ago: SEC Chair Signals Investor Access to Private Markets Could Soon Broaden … Read more

Vivek Ramaswamy’s barmy bitcoin army

Most penny stocks close to falling foul of Nasdaq’s minimum bid price requirements have no choice but to execute increasingly brazen reverse splits, financially engineering their way around the exchange’s erratically-enforced rules. Others need never go to the trouble. Asset Entities is one such listed company, and its co-founder’s ascent from humble TikToker to business … Read more