How Wall Street offloaded $13bn of debt tied to Elon Musk’s Twitter deal
How Wall Street offloaded $13bn of debt tied to Elon Musk’s Twitter deal
UK confirms powers to force pension funds to back British assets
Stay informed with free updates Simply sign up to the Pensions industry myFT Digest — delivered directly to your inbox. Rachel Reeves has confirmed she will create a “backstop” power to force large pension funds to back British assets, as she vowed to unleash more than £50bn of investment in domestic infrastructure, housing and fast-growing … Read more
Argentina raises $1bn in international bond auction in boost for Javier Milei
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Argentina has raised $1bn from international investors in a vote of economic confidence for libertarian president Javier Milei seven years after the country last tapped global capital markets. The peso-denominated sovereign bond, issued under Argentine … Read more
Fed feared that loss of ‘haven’ status would hit US economy
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Federal Reserve officials have warned that the loss of the US’s safe-haven status triggered by President Donald Trump’s global trade war could have “long-lasting” effects on the country’s economy. Minutes from the Federal … Read more
JD Vance touts bitcoin’s emergence and hails pro-Trump crypto investors
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world JD Vance has hailed the arrival of cryptocurrencies into the US economy’s “mainstream”, vowed to establish “pro-innovation” rules for digital assets, and praised the crypto billionaires who backed Donald Trump’s White House bid … Read more
Shein shifts focus from London to Hong Kong for listing
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Shein is considering swapping London for Hong Kong as the location for its long-planned stock market listing 18 months after it fired the starting gun on the flotation process. The fast-fashion group is turning its … Read more
Japan’s rising long-term debt costs ripple around the world
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Government bond markets should be seen, but not felt. These giant pools of capital are meant to move slowly. Japan, home to one of the biggest and usually most boring of all, is bucking that … Read more
US opens door to retirement savers purchasing crypto tokens
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 has opened the door to Americans purchasing crypto tokens in their retirement accounts, underscoring how Donald Trump is taking a far more tolerant approach to digital assets than his predecessor Joe … Read more
Pension fund investors demand Elon Musk work 40-hour week at Tesla
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A group of large pension funds has demanded that Elon Musk commit to work at least 40 hours a week at Tesla, calling for corporate governance reforms to address a “crisis” at the carmaker. The … Read more
If stablecoins are banks, what’s a bank?
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A stablecoin is a stablecoin, much like a cigar can be just a cigar. But which non-crypto thing does it most closely resemble? A bank deposit? A money-market fund? A cash ETF? Over on Unhedged, … Read more