Donald Trump’s crypto embrace is a threat to Wall Street
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 law professor at the American University Washington College of Law Wall Street has long fretted about the disruptive threat from technology to the business of finance. Now with Donald Trump back in … Read more
Japanese bond yields hit 16-year high
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Japan’s 10-year borrowing costs rose to a 16-year high on Thursday as Tokyo joined a global bond sell-off sparked by Germany’s decision to spend more on defence. The yield on the 10-year Japanese government bond … Read more
Gaming chat platform Discord in early talks with banks about public listing
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Discord is in early talks with banks about a public listing, according to people familiar with the matter, in a sign of a possible revival in the sluggish US IPO market. Founded in 2015 by … Read more
Millennium’s billionaire founder explores expanding ownership to top team
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Billionaire Izzy Englander is exploring opening up the ownership of his $76bn hedge fund Millennium Management to its top executives for the first time, in the latest step to prepare it for life beyond its … Read more
Barclays ex-CEO Staley claimed he would never introduce family to a paedophile
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Jes Staley, the former Barclays chief executive fighting to clear his name over ties to Jeffrey Epstein, once protested to a senior colleague that he never would have introduced his family to a convicted paedophile, … Read more
Oil price tumbles to three-year low on signs of waning US demand
Stay informed with free updates Simply sign up to the Oil myFT Digest — delivered directly to your inbox. Oil prices fell for the third day in a row, tumbling more than 3 per cent to the lowest level in three years as traders reacted to a succession of negative indicators for crude demand. Brent … Read more
North American pipeline company warns Trump tariffs will hit fuel prices
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The chief executive of one of the largest pipeline companies in North America has warned that US tariffs on Canadian and Mexican oil and gas will fuel inflation and threaten energy security, as fears of … Read more
BlackRock’s Panama deal tracks its strategic shift
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. For BlackRock, private asset ownership suddenly seems a lot more attractive than public company agitation. On Tuesday, a consortium that includes the manager of $12tn in client assets acquired control of a pair of Panama … Read more
Pensions minister says schemes must invest more in UK
Stay informed with free updates Simply sign up to the Pensions industry myFT Digest — delivered directly to your inbox. Pensions minister Torsten Bell has publicly challenged the industry’s prevailing view that trustees who increase their investment in the UK economy risk jeopardising the outcomes for their members. Trustees have a fiduciary duty to invest … Read more