Anything goes on Pisces, London’s bottom-feeding private stock market

Stay informed with free updates Simply sign up to the Financial & markets regulation myFT Digest — delivered directly to your inbox. Here’s the FCA policy statement for today’s launch of the Trust-Me Börse, otherwise known as Pisces, and here’s the press release. The Private Intermittent Securities and Capital Exchange System is an innovative new … Read more

China fast tracks rare earth export licences for European companies

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Beijing has agreed to fast-track approvals for rare earth export licences for some European companies after China’s strict controls on shipments of the critical minerals rocked global supply chains. European officials and industry groups have … Read more

Bitcoin-buying companies

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. 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 … Read more

China’s $1.1tn asset manager becomes star player on ‘national team’

From recapitalising rural banks to propping up the stock market, Central Huijin, an arm of China’s sovereign wealth fund, has supported the country’s financial system since its launch two decades ago. But over the past year, the scale of its interventions has thrust it into the spotlight.  Central Huijin’s holdings of exchange traded funds soared … Read more

BlackRock seeks dismissal of Texas antitrust case over alleged suppression coal production

Stay informed with free updates Simply sign up to the Financial services myFT Digest — delivered directly to your inbox. BlackRock asked a US judge on Monday to dismiss a lawsuit by Texas and other Republican-led states claiming asset managers conspired to suppress coal production, calling it an “unprecedented” case that could upend how the … Read more