Bets that currency deals will form part of trade negotiations with the US have helped lift a string of Asian currencies against the dollar, as traders look for signs that countries will offer to scale back intervention to appease President Donald Trump. The Korean won, Japanese yen and Taiwan dollar have rallied strongly in recent … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. CoreWeave borrowed $2bn through the US junk bond market on Wednesday, injecting fresh capital into the artificial intelligence data centre operator after its volatile Wall Street debut in March. Lenders shrugged off concerns about CoreWeave’s … 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 Long-dated US government bonds and stocks dropped after a lacklustre Treasury auction underscored growing concerns among investors over President Donald Trump’s flagship tax bill. The 30-year Treasury yield was up 0.11 percentage points to 5.096 … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Spain plans to give companies significantly more flexibility over when they can launch their initial public offerings, in a bid to prevent listings being scuppered at the last minute by political shocks, wars or market … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Canada’s largest pension plan has almost half of all its assets invested in the US, sharply increasing its exposure despite pressure from government officials to invest more in its home market. The Canada Pension Plan … 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 Bitcoin hit a record high on Thursday as growing industry optimism that the US will shortly agree its first regulations for digital assets spurred fresh enthusiasm for cryptocurrencies. The price of the token … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Elliott Management won two seats on the board of oil refiner Phillips 66, after the activist hedge fund squared off in its first-ever proxy vote against a major US corporation. Phillips 66 shareholders voted in … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Bank lending to the $1.6tn private credit industry may pose systemic risks to the US financial system during an economic downturn, the Federal Reserve’s Boston branch warned on Wednesday. Boston Fed economists said in a … Read more
Stay informed with free updates Simply sign up to the Private equity myFT Digest — delivered directly to your inbox. The billionaire co-founder of buyout firm Thoma Bravo has said wealthy individuals should be concerned about companies that private equity firms cannot sell ending up in funds aimed at retail investors. Orlando Bravo, managing partner … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Earlier this year, we flagged a rebound in US stock market short interest. Sure, it was still a drag on performance and still way below the historical average, but the increase was sharp and undeniably … Read more