Budget games, taxes and Treasuries

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. After two days meeting with Chinese vice-premier He Lifeng, Scott Bessent said “the talks were productive.” He Lifeng … Read more

The Nigerian companies leading historic shift in oil wealth ownership

Oil executive Osayande Igiehon grew up in an area of Nigeria intersected with pipelines — part of the extensive infrastructure established by foreign energy companies to tap his country’s rich reserves. Igiehon believes this first-hand knowledge of the country gives Heirs Energies, the company he leads, a distinct advantage as it steps in to fill … Read more

Saudi Aramco cuts its dividend by $10bn

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Saudi Aramco reported a fall in first-quarter profits, resulting in a $10bn cut to its dividend and lowering a key source of funds for Saudi Arabia’s budget amid an uncertain outlook for oil prices. The … Read more

Tariff-fuelled tumult could dent appeal of US assets, watchdog warns

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world The Wall Street ructions sparked by President Donald Trump’s trade war could be a “tipping point” for foreign investors’ willingness to hold US assets, the head of Congress’s fiscal watchdog has warned. “Even … Read more

Coinbase agrees to buy Deribit for $2.9bn in digital market’s biggest deal 

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US cryptocurrency exchange Coinbase has agreed to buy Dubai’s Deribit for $2.9bn in the digital market’s largest ever deal as the industry prepares for an expected wave of demand from asset managers and banks. California-based … Read more