A global bond market sell-off sparked by US debt fears has put fresh pressure on UK chancellor Rachel Reeves and her self-imposed fiscal rules. Yields on the 30-year gilt are approaching a 27-year high and closed at 5.48 per cent on Friday, following gains in US and Japanese government bond yields in recent weeks. Meanwhile, … Read more
Stay informed with free updates Simply sign up to the Oil & Gas industry myFT Digest — delivered directly to your inbox. A bitter dispute between ExxonMobil and Chevron over ownership of a gigantic oil project with up to $1tn in reserves is scheduled to be heard before an arbitration court in London on Monday, … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US oil companies are cutting spending and idling drilling rigs, as Donald Trump’s tariffs increase costs and falling crude prices squeeze profits, prompting executives to warn that a decade-long shale boom is ending. Surprise decisions … 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 The Federal Reserve warned of rising economic risks when it kept interest rates on hold in early May, and minutes from that meeting — due to be published next week — will be … Read more
Stay informed with free updates Simply sign up to the Commodities myFT Digest — delivered directly to your inbox. Thermal coal prices could fall further from around their four-year low, said analysts, as surging production in China leads to a glut across global markets. Benchmark prices for seaborne thermal coal, which is used in power … Read more
Stay informed with free updates Simply sign up to the Pensions industry myFT Digest — delivered directly to your inbox. Canada’s second-largest pension fund plans to invest more than £8bn in the UK over the next five years, in a boost to chancellor Rachel Reeves as she seeks external investment to fund big infrastructure projects. … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Two US credit rating agencies have become embroiled in a rare public dispute over the reliability of scores for insurance companies’ growing stash of private credit investments. The dispute involves a study, since withdrawn by … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is an FT contributing editor This month the Federal Reserve decided it would cut its own workforce by a tenth over the next several years. The move has been reported as a way … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The world’s largest meat processor JBS said shareholders approved a plan to list its shares in New York, fulfilling a long-held desire of the Brazilian billionaire brothers who transformed their family slaughterhouse into a global … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The policy choices of the Trump administration have emphatically put the dominance of the dollar’s global reserve status in doubt. The big question is whether anything else is ready to take up the slack. A … Read more