Foreigners snap up $57bn in Japan assets in ‘liberation day’ rush

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Foreign investors bought a record amount of Japanese equities and bonds in April, as the chaotic aftermath of Donald Trump’s “liberation day” tariffs made Tokyo a global haven for the “de-dollarisation” trade. Figures released this … Read more

Wolfspeed creditors extend rescue financing offer to avert bankruptcy

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Junior creditors of Wolfspeed Inc., a strategically sensitive US chipmaker, have offered rescue financing to the struggling company to pre-empt a potential bankruptcy filing. A group of hedge funds and other investors sent a proposal … Read more

De-escalation and the damage done

This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters Good morning. The ceasefire between India and Pakistan, which looked shaky over the weekend, appears to be holding. Equities in … Read more

Macquarie asked Ares to take full writedown on Southern Water debt

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Macquarie-controlled Southern Water asked Ares Management and other lenders to write off about £370mn of debt, in an effort to allow new equity to flow directly into the utility’s heavily-indebted operating company. The talks place … Read more

Hong Kong crypto investor Animoca plans US listing as Trump lures more groups

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Hong Kong’s Animoca Brands plans to list in New York as Donald Trump’s light-touch regulation of digital assets offers a “unique moment” to enter the world’s largest capital market, says the boss of … Read more

Can Europe finally fix its capital markets?

Markus Villig knows all about Europe’s aversion to investment risk. The chief executive of Estonian ride-hailing app Bolt “met almost every venture capitalist” on the continent before securing most of Bolt’s $1bn-plus in funding from US investors. “The reason we lost out wasn’t [because rival apps] had a better product. It’s because they had access … Read more