Tokenised money market funds: pseudo-money

This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters Good morning. Yesterday President Donald Trump threatened Brazil, which the US ran a trade surplus of $24bn with in 2023, … Read more

Pension funds 💔 gilts

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. So intertwined are the gilt market and the structure of the UK pension system that it’s hard to understand one without studying the other. As Liz Truss will attest, failure to do so can lead … Read more

The Swiss solution looming into sight for UBS

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UBS may have been handed an early win in its battle to moderate stringent new capital requirements imposed by the Swiss government. Who to thank? The pragmatic and slow-moving Swiss political system. The fierce debate … Read more

Thames Water weighs last-minute rescue backed by ex-Lib Dem peer

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Thames Water is weighing a last-ditch rescue from a former Liberal Democrat peer working with a little-known financial services firm, which claims it can unpick the teetering utility’s complex corporate structure to better serve the … Read more

Veteran mining boss Friedland hails Trump’s ‘intelligent’ copper tariffs

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Billionaire mining entrepreneur Robert Friedland welcomed US President Donald Trump’s vow to impose a 50 per cent tariff on copper imports, arguing that domestic production of the metal was “fundamental to America’s national … Read more