Copper markets were jolted by President Donald Trump’s vow to impose 50 per cent tariffs on imports of the world’s most important industrial metal, leaving producers and traders weighing the consequences of such a move. Although US copper prices shot higher after Trump delivered his threat on Tuesday, the global price on the London Metal … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Uncle Sam has a copper problem. In very round numbers, the US produces 1mn tonnes of the red metal, and consumes 2mn. The deficit is filled from overseas, creating a potential geopolitical vulnerability. Yet even … 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 Hedge funds and other financial speculators were to blame for “80 per cent” of the surge in coffee prices that created “unbelievable” volatility and uncertainty in the market, the head of the Lavazza … Read more
Stay informed with free updates Simply sign up to the Pensions industry myFT Digest — delivered directly to your inbox. The UK government’s plan for pension reform has been called into question after Bank of England governor Andrew Bailey said he did not think it was appropriate for ministers to mandate investment in British assets. … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nvidia has become the first company to hit a $4tn market capitalisation, on the back of a rapid rebound for Wall Street technology stocks in recent months. Shares in the Silicon Valley-based maker of artificial … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Bank of England has imposed an £11.9mn fine on Vocalink, an offshoot of Mastercard that operates a key part of UK payments infrastructure, over its “ineffective risk management framework” and weaknesses in internal controls … Read more
Stay informed with free updates Simply sign up to the Financial & markets regulation myFT Digest — delivered directly to your inbox. Hedge funds and other non-bank groups could face limits on the amount of leverage they can use and may have to provide more disclosure to regulators about their borrowing, under plans put forward … 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 Investors have shrugged off US President Donald Trump’s threat to impose a 200 per cent tariff on pharmaceuticals, betting that the levy is unlikely to be implemented. Shares in most big European drugmakers … Read more
India has been a money machine for Jane Street, netting the trading giant more than $4bn in profits in just over two years. But it is now the source of a scandal that is imperilling the Wall Street firm’s golden run. The Securities and Exchange Board of India last week accused Jane Street of a … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Most British companies would withstand sharply higher tariffs even if their earnings fell 10 per cent and their borrowing costs surged, according to the Bank of England’s assessment of risks from US President Donald Trump’s … Read more