It feels like private assets are at a tipping point. Unprecedented amounts of capital are being raised by large private asset fund managers, and they are now setting their sights on your pension and savings as a fresh source of capital. In the US, the industry is urging the Trump administration to allow retail investors … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Telegram leapt to a $540mn profit last year, as the messaging app achieved rapid growth despite the ongoing threat to its leadership from French legal proceedings against its founder Pavel Durov. The Dubai-based group told … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. After garnering an early reputation as a successful if somewhat boring Norwegian chief executive, Helge Lund has now found himself at the centre of corporate drama at not one but two of Europe’s biggest companies. … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. It is not often that habitual complacency makes you an astute judge of world events, particularly those involving geopolitical conflict. But for decades a shrug has been the best response to the perennial panics over … 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 a professor of finance at Harvard Business School The turmoil in the $28tn US Treasury market following the early April announcement of tariff rises by the Trump administration revived unsettling memories of … Read more
Banks’ climate goals are falling like dominoes. HSBC has told investors to expect a rejigged energy strategy and climate targets in the second half of the year, while Royal Bank of Canada has dropped its sustainable financing target altogether and UBS has pushed back a target to cut its greenhouse emissions to net zero by … Read more
Bets that currency deals will form part of trade negotiations with the US have helped lift a string of Asian currencies against the dollar, as traders look for signs that countries will offer to scale back intervention to appease President Donald Trump. The Korean won, Japanese yen and Taiwan dollar have rallied strongly in recent … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. CoreWeave borrowed $2bn through the US junk bond market on Wednesday, injecting fresh capital into the artificial intelligence data centre operator after its volatile Wall Street debut in March. Lenders shrugged off concerns about CoreWeave’s … 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 Long-dated US government bonds and stocks dropped after a lacklustre Treasury auction underscored growing concerns among investors over President Donald Trump’s flagship tax bill. The 30-year Treasury yield was up 0.11 percentage points to 5.096 … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Spain plans to give companies significantly more flexibility over when they can launch their initial public offerings, in a bid to prevent listings being scuppered at the last minute by political shocks, wars or market … Read more