Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Opec does two things well: produce oil and manage the market to its advantage. The cartel has long held that cutting production and keeping the oil price high beats selling more barrels at lower prices. … 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 professor of economics at King’s College, London, and a former member of the Bank of England’s Monetary Policy Committee The discussion on the UK fiscal position is focused on whether it is … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Copper smelters are paying record sums to turn raw concentrate into the red metal, following moves by China to try to dominate the global market through a huge building programme of processing facilities. The fee … Read more
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
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Australia’s corporate regulator has moved to speed up the listing process to try to reverse the biggest slump in initial public offerings for more than a decade. Only a few large listings have occurred on … Read more
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
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US prosecutors have charged a cryptocurrency entrepreneur with sanctions evasion and export control violations, alleging he laundered more than $500mn and helped Russians acquire sensitive US technology. Iurii Gugnin, founder of crypto payments company Evita, … 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 A top White House official has said US President Donald Trump would ease restrictions on selling chips to China if Beijing agreed to speed up the export of rare earths, as the two … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Shares in Japanese hotel developer turned bitcoin investor Metaplanet soared on Monday after it unveiled plans to raise about $5.4bn to add to its already large stockpile of the cryptocurrency. The company said on Friday … Read more
Good morning. On Friday, the May jobs report came in much better than feared. The US private sector added 139,000 jobs and the unemployment rate held steady at 4.2 per cent. There were soft spots, including downward revisions for March and April. But broadly speaking, this was a good report. The US stock market approved, … Read more