Brad Setser is a senior fellow at the Council on Foreign Relations, and a former US Treasury official. Sometime on May 2, a Taiwanese company probably came to the conclusion that it was time to sell a slug of its export proceeds. Like the proverbial butterfly, it caused a financial storm that we’re still not through. … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Crypto evangelist Michael Saylor has transformed Strategy from a loss-making software company into the world’s largest corporate holder of bitcoin. The FT unpacks what some investors have dubbed Saylor’s ‘infinite money glitch’, and questions whether … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. “I shall not look upon his like again,” declares Hamlet, ruminating over the loss of his father at the beginning of the play. Since Warren Buffett announced his retirement from Berkshire Hathaway this month, financial … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Julius Baer has been ordered to pay more than SFr4mn by Switzerland’s financial regulator over anti-money laundering and compliance failings in its handling of high-risk clients. The enforcement decision, contained in a document dated November … 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 head of thematic fixed income research at Barclays The US-Ukraine minerals deal was a symbolic win for both sides. Kyiv secures long-term US investment in a free and sovereign future. Washington gains … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Lower-than-expected inflation and the start of negotiations with China seemed to help stocks on Monday. But the dollar remained uncharacteristically weak. Today on the show, Rob Armstrong and Aiden Reiter ask if America is feeling … Read more
Stay informed with free updates Simply sign up to the UK financial regulation myFT Digest — delivered directly to your inbox. Britain’s financial regulator is to create a new definition of insurance for big companies, bowing to insurers’ calls for more of their commercial policies to be excluded from costly conduct and compliance rules. The … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Mobile banking group Chime has filed for a US initial public offering in an early sign of the optimism returning to financial markets as Donald Trump softens his stance on tariffs. Chime on Tuesday said … 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 US Treasury Department has sanctioned more than 20 companies it says are involved in shipping Iranian crude oil worth billions of dollars to China, the latest move in the Trump administration’s “maximum … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A rally in US stocks on Tuesday wiped out the S&P 500’s losses so far this year, as lower than expected inflation figures added fuel to gains sparked by Donald Trump’s deal with China to … Read more