Gilts rally after Starmer says Reeves will remain as chancellor for ‘a long time’

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK government bonds rallied on Thursday after Sir Keir Starmer said Rachel Reeves would be chancellor for a “very long time”, allaying investor fears over her position. The prime minister made the promise after he … Read more

Is the US heading for a debt crisis?

Gideon talks to Ray Dalio, founder of Bridgewater Associates, the world’s largest hedge fund and author of a new book: How Countries Go Broke. They discuss the size of the US debt and what history tells us about identifying warning signs. Clip: CBS Free links to read more on this topic: Is Donald Trump’s ‘big, … Read more

ECB officials question whether euro has strengthened too much

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Just weeks after European Central Bank president Christine Lagarde hailed a “global euro” moment and said the common currency could rival the dollar, some inside the central bank are wondering if the euro’s strength could … Read more

Irish debt mogul Paul Coulson insists on $300mn to walk away from Ardagh

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Irish entrepreneur Paul Coulson has told Ardagh bondholders that its shareholders need a payment of at least $300mn to walk away from the debt-laden packaging giant he built through decades of acquisitions. Ardagh Group, which … Read more