financial times
- Finance
Financial development to formalize economies
Informal economic activity is widespread around the world. On average, such activity accounts for about one-third of output, and informal…
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Societe Generale names investment bank boss Krupa as next CEO
Societe Generale has chosen investment bank boss Slawomir Krupa as its next chief executive as Frédéric Oudéa prepares to step down…
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Trading Places: Morgan Stanley’s new Europe dealmaking chief, Credit Suisse’s senior hires, JPMorgan’s ECM shake-up
It’s been a pretty busy week for movers and shakers in the City. Here’s the shifts you need to know…
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Hedge funds with macro bets see biggest yields after years of mediocre gains
Hedge funds that bet on macroeconomic shifts have been a rare bright spot in a dismal market, racking up their…
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JPMorgan installs Mangla as ECM chief as Millman moves to chair role
JPMorgan shook up the senior ranks of its equity capital markets business, naming a new sole head of the unit…
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Jobless claims hit five-month low despite Fed’s efforts to slow labor market
A person arranges groceries in El Progreso Market in the Mount Pleasant neighborhood of Washington, D.C., August 19, 2022. Sarah…
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Porsche IPOs with €75bn market cap, Germany’s largest in decades
Shares in luxury vehicle maker Porsche edged higher in its first day of trade on 29 September, after pricing at…
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Private equity firms face valuation and debt dilemmas after sterling’s crash
Private equity firms have been racing to shore up their portfolios and re-think future deals during a frenzied week of…
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Here’s why the Bank of England had to act
The recent chaotic swings in the British pound and in UK government bonds mean traders are at panic stations, forcing…
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Kirkland & Ellis targets ‘untapped potential’ in private equity with Magic Circle raids
Kirkland & Ellis’s three-partner raid of the Magic Circle over the past week was motivated by the US law firm’s desire to…
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Stocks of the Hour: Castle Minerals, Global Lithium Resources, Evolution Energy, Raiden Resources
Junior explorer, Castle Minerals (ASX:CDT), today advised that it has received encouraging intercepts from the first 23 holes of a…
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Aussies continue to shop away their blues
Another solid month for Australian retailers with August sales up 0.6%, confirming Australian consumers have yet to pull back significantly…
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Unprecedented Bank of England intervention avoids Lehman style event
US equities finished higher in Wednesday trading, ending just off session highs. The Dow Jones Industrial Average mounted a big…
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BVCA boss Michael Moore: Private equity must close ‘comprehension gap’ with government
The boss of the British Private Equity and Venture Capital Association has called on the sector to work with policymakers to close…
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Billionaire investor Ray Dalio says UK’s economic plan ‘suggests incompetence’
Ray Dalio, founder of Bridgewater Associates LP, speaks during a panel session on day three of the World Economic Forum…
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Crypto technology could bolster capital markets, BoE’s Cunliffe says
The technology that underpins crypto could help bolster traditional capital markets, according to the Bank of England. “The greater impact…
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Kwarteng tells bankers to expect Big Bang 2.0 despite market volatility
Chancellor Kwasi Kwarteng told leading bankers he was committed to fiscal discipline in a 28 September meeting, as the pound continued…
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Meeka Metals (ASX:MEK) developing gold and rare earths projects
Meeka Metals Limited (ASX:MEK) Managing Director and CEO Tim Davidson discusses recent gold and rare earths results and the outlook…
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ASX erases yesterday’s gains: Aus shares close 0.5% lower
It was choppy trading on the ASX today with the S&P/ASX 200 commencing the session in positive territory, before…
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The energy crisis is likely to last years
By Michael Collins, Magellan Europe is restarting mothballed coal-based power plants because the benchmark electricity price has exceeded 1,000% above its…
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Carnarvon talking loud, saying little
Was Carnarvon Energy (ASX:CVN) trailing a very transparent coat on Tuesday with a distinctly un-newsworthy statement on its attractiveness and…
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Crédit Agricole subsidiaries to settle alleged US sanctions breaches
Two subsidiaries of French bank Crédit Agricole’s corporate and investment banking arm have agreed to pay more than $1.12m in civil penalties…
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Stocks of the Hour: Magnis Energy Technologies, Sayona Mining, Pure Hydrogen, Ragusa Minerals
Magnis Energy Technologies (ASX:MNS) today announced that it has completed an update to the 2016 Bankable Feasibility Study (BFS) for…
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Surging $US playing havoc with financial markets and global trade
US equities sank as the US dollar hit a record high against the British pound, adding volatility to markets already…
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Can Liz Truss’ mini-budget really revive UK business?
Joseph C. Sternberg is a member of the Wall Street Journal’s editorial board and the political economics columnist The UK’s…
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Fund managers urge BoE action as potential rates announcement imminent
Fund managers are concerned about the high level of borrowing needed to fund the UK government’s multi-billion pound tax cut…
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Pound hits record low after tax-cut plan sparks sell-off
The British pound fell to a record low against the dollar in early Asian trade on 26 September as selling continued…
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Fidelity investors to choose between robo advisor and human-cyborg hybrid
Fidelity Investments has offered investors two distinct flavours of robo-advice: a purely digital investment management service called Fidelity Go; and…
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Kwarteng’s tax cut for City’s wealthiest could sting pension savings
The City’s wealthiest are set to benefit the most from cuts to income tax in chancellor Kwasi Kwarteng’s mini-budget, but there’s a…
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Newmont postpones Peru; OZ OKs West Musgrave
Contrasting decisions from two major miners on multi-billion dollar projects in the past week or so – one in Peru…
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Truss’s energy plan could take the pound to breaking point
Gene Frieda, a global strategist at PIMCO, is a senior visiting fellow at the London School of Economics Thirty years…
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Stocks of the Hour: Arovella Therapeutics, Greenwing Resources, Sipa Resources
Arovella Therapeutics (ASX:ALA), a biotechnology company focused on developing its invariant Natural Killer T (iNKT) cell platform for cancer treatment,…
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Monday market minutes: Ending in tears
The ASX is looking at another big loss today after Friday’s sell-off here and around the world. After Friday’s 125-point…
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Shares facing falls, Fed risks overtightening, UK stimulus, Why RBA should not match Fed, CPI
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses developments in investment markets over the past…
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Atlanta Fed President Bostic expects job losses but says there’s a really good chance to get to 2% inflation without killing the economy
President and Chief Executive Officer of the Federal Reserve Bank of Atlanta Raphael W. Bostic speaks at a European Financial…
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ASX edges out a gain after yesterday’s fall: Aus shares close 0.2 per cent higher
The ASX closed slightly higher in Thursday trading after yesterday’s $60 billion sell-off, which was sparked by fears of more…
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Nucor profit warning bodes ill for BlueScope
A warning for BlueScope Steel (ASX:BSL) this week from a trading update by one of its biggest US rivals, Nucor.…
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Myer spruiking the good times to roll
Retailer Myer Holdings (ASX:MYR) met its full year 2022 guidance, and said it has posted its best sales start to…
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US equities lower, but is the market cheap or expensive?
US equities were lower in Thursday trading, though finished a bit off off worst levels as S&P closed just above…
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JPMorgan’s Daniel Pinto says banks need to be ‘very careful’ about cutting dealmaker jobs
The head of JPMorgan’s investment bank said banks need to be “very careful” about making deep cuts to dealmakers, even…
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More coal required as drought threatens Chinas renewable energy system
More than 70 days of heatwaves and droughts have spread across half of China, threatening the country’s hydropower energy, damaging…
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Top Nomura banker Steven Ashley steps down to run digital assets unit
Steven Ashley, Nomura’s most senior banker in the City, is stepping down from his role as head of its wholesale…
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ASX erases early gains: Aus shares close 0.3% lower
At the closing bell, the S&P/ASX 200 was 0.28 per cent or 19.20 points lower at 6719.90. Futures The…
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Markets already looking past next rate rise
Only a couple more sleeps until the September meeting of the US Federal Reserve and its forecast three quarters of…
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Commodity stocks lead markets higher as US corporate bond yields approach 5%
Stocks closed higher on Monday in a volatile trading session ahead of the Federal Reserve’s two-day policy meeting slated to…
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US court orders Tether Holdings to prove sufficient reserves to back stablecoin
A judge for the Southern District of New York ordered the issuer of the largest stablecoin to produce financial records…
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Jupiter to sell Starling stake as it nears unlisted cap in UK Mid-Cap portfolio – reports
Jupiter’s UK Mid Cap fund, which has a 10% ceiling on the value of its unlisted holdings, is currently finalising…
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EV sector could mean a quarter of a million jobs and $50 billion a year to Canada
Article content In the fall of 2020, the Ontario and federal governments announced they would spend a combined $590 million…
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U.S. Federal Reserve hikes rate 75 bps: Read the official statement
Article content September 21, 2022 Federal Reserve issues FOMC statement Article content We apologize, but this video has failed to…
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New Hope happy to share the wealth
New Hope Corp (ASX:NHC) has joined coal exporting rivals like Yancoal Australia and Whitehaven in confirming how it rode the…
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