BaFin fines Deutsche Bank €23mn for string of regulatory lapses
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Germany’s financial watchdog has fined Deutsche Bank €23mn over a series of violations of the country’s securities and payments laws, the latest sign that Germany’s largest lender is struggling to move past its history of … Read more
Companies brace for price pressures as Trump tariffs start to bite
Businesses have begun stockpiling materials, reviewing manufacturing footprints and preparing to raise prices as Donald Trump’s trade war has entered “uncharted territory” with sweeping tariffs on Canada, Mexico and China. Sectors including manufacturing, retail and food were among those to highlight shocks to their supply chains after the US president imposed 25 per cent duties … Read more
US stocks erase post-election gains on Trump tariff fears
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world US stocks on Tuesday wiped out all of the gains accumulated after Donald Trump’s election, after the president’s tariffs on Washington’s biggest trading partners sparked fears of serious damage to the global economy. … Read more
Donald Trump’s tariffs will bring ‘nothing but pain’ to rural America, farmers say
US farmers reacted with fury to President Donald Trump’s tariffs on imports from Canada, Mexico and China, saying a trade war will threaten their markets, push up the cost of inputs such as fertiliser and “take a toll on rural America”. Farmers expressed particular concern about the impact of retaliatory tariffs, saying they will restrict … Read more
Trump could meet Canada and Mexico ‘in the middle’ on tariffs, Lutnick says
Wall Street stocks fell for the second day in a row on rising concerns Donald Trump’s tariffs will deal a blow to the US economy. The blue-chip S&P 500 was down around 0.9 per cent on Tuesday afternoon, while the tech-heavy Nasdaq Composite dipped 0.2 per cent. The S&P 500 briefly on Tuesday fell below … Read more
China ‘annihilated’ US aluminium — can Donald Trump’s tariffs revive it?
The Magnitude 7 Metals aluminium plant near the banks of the Mississippi is eerily quiet these days, its electrolysis cells dark and devoid of people, its once white-hot smelters cold to the touch. “It breaks my heart, ‘cos I’ve seen it in all its glory,” said Greg Lester, the facility’s manager, gesturing upwards to its … Read more
Innovations may be a costly trap
Welcome to FT Asset Management, our weekly newsletter on the movers and shakers behind a multitrillion-dollar global industry. This article is an on-site version of the newsletter. Subscribers can sign up here to get it delivered every Monday. Explore all of our newsletters here. Does the format, content and tone work for you? Let me … Read more
It’s not all Trump’s fault
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. The big market news over the weekend, if you want to call it that, was a Trump social … Read more