Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UAE’s Sidara and the UK’s troubled Wood Group are set to extend a deadline for takeover discussions, as they await the completion of a report into the Aberdeen-based company’s governance and auditor sign-off of … Read more
Within the Trump administration’s Defense Department, Elon Musk’s SpaceX rocketry is being trumpeted as the nifty new way the Pentagon could move military cargo rapidly around the globe. In the Commerce Department, SpaceX’s Starlink satellite internet service will now be fully eligible for the federal government’s $42 billion rural broadband push, after being largely shut … Read more
Argentina’s imports are rising rapidly as libertarian President Javier Milei bets on a strong peso and cheap foreign goods to help fight inflation, even as they put pressure on the country’s scarce hard currency reserves. As Argentina recovered from a recession that depressed imports and Milei began opening up the protectionist economy, the country’s inbound … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Orange juice futures have plunged amid waning demand for the perennial breakfast favourite as consumers have shunned an expensive and now bitter drink. Concentrated orange juice futures traded on Intercontinental Exchange in New York have halved … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Temasek and Warburg Pincus are preparing to put healthcare supply chain management company Global Healthcare Exchange up for sale, aiming at a valuation of almost $5bn, according to people familiar with the matter. GHX, in … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is the author of A Random Walk Down Wall Street The results are in: this time is not different. Indexing remains the optimal investment strategy. Every year S&P Global Ratings publishes reports comparing … Read more
When economists seek to account for the dollar’s outsize role as the only true global currency, they point to structural factors such as the US share of world GDP, or the depth and liquidity of US financial markets. This approach underlies the sanguine view of many financial market participants that, come what may, so long … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Global investors are pulling their money out of south-east Asia as concerns mount over the region’s largest economies and many traders rotate back into Chinese equities. Indonesia and Thailand, the region’s two biggest economies, have … Read more
Stay informed with free updates Simply sign up to the US equities myFT Digest — delivered directly to your inbox. StubHub, the online ticket marketplace that earned a windfall from Taylor Swift’s Eras concert tour, has filed for a US initial public offering that will test investor appetite for tech listings amid a slump in … Read more
NASA made a bet a few years ago that commercial companies could take scientific experiments to the moon on a lower budget than the agency could. Last year, that was a bad bet. The first NASA-financed spacecraft missed the moon entirely. The second landed but fell over. But this month, a robotic lander named Blue … Read more