Stay informed with free updates Simply sign up to the Property sector myFT Digest — delivered directly to your inbox. A Canary Wharf office building that fell into receivership last year is to be sold at a 60 per cent discount to its last sale price, in a sign of how sharply the value of
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This article is an on-site version of our Chris Giles on Central Banks newsletter. Sign up here to get the newsletter sent straight to your inbox every Tuesday The Federal Reserve revealed it was not itching to cut rates as early as March after its meeting last Wednesday, a view that will have been reinforced
Stay informed with free updates Simply sign up to the UK interest rates myFT Digest — delivered directly to your inbox. A Bank of England rate setter has warned that the central bank may be “underplaying the downside risks” for the UK economy as she called for immediate interest rate cuts because of weak consumer
Stay informed with free updates Simply sign up to the US politics & policy myFT Digest — delivered directly to your inbox. A bipartisan deal backed by President Joe Biden to deliver billions of dollars in US aid to Ukraine along with stricter immigration policies is facing a widening groundswell of resistance from Republicans in
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. In Reddit’s r/stocks forum, the social media network’s own users take a dim view of the company’s upcoming initial public offering. “RIP Reddit, it all goes downhill from here”, is the general view. Users expect
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UBS has set out plans for deeper cost cuts as the mammoth integration of rival Credit Suisse helped drive the Swiss bank to a second straight quarterly loss. Chief executive Sergio Ermotti, parachuted back into
In December, a group of about 100 former employees of Carlyle Group gathered at the law firm Latham & Watkins in Manhattan just before the Christmas holidays for a party among old friends. In earlier years, the unsanctioned gathering was frowned upon by the buyout group’s previous chief executive. But at Latham’s offices, Harvey Schwartz,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The market’s stubborn hopes of a first cut to US interest rates in March were finally crushed over the past week by strong economic data and firm messaging from Jay Powell, chair of the Federal
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is a retired RAF Air Marshal who was formerly director-general of Joint Force Development at the UK Ministry of Defence When General Sir Patrick Sanders, head of the UK army, made a speech
Stay informed with free updates Simply sign up to the Technology myFT Digest — delivered directly to your inbox. Imagine — or, if you fly frequently and are particularly unlucky, remember — this scenario. Your flight is overbooked, and in order to free up space, passengers are being removed. Those with the least frequent flyer
At Fincantieri’s vast shipyard in the Adriatic port of Monfalcone, around 1,700 Italians are working together with 6,800 skilled foreign labourers to build three massive cruise ships for international travel companies. But the Italian town’s popular far-right mayor Anna Maria Cisint finds living alongside the shipbuilding giant’s foreign workforce and their families — predominantly Bangladeshi
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. China’s national chip champions expect to make next-generation smartphone processors as early as this year, despite US efforts to restrict their development of advanced technologies. The country’s biggest chipmaker SMIC has put together new semiconductor
Guam’s latest proposed budget was hailed by analysts who said its approach should be copied by other U.S. territories. Gov. Lourdes Leon Guerrero proposed a 5.9% bigger general fund budget for fiscal 2025 days after Moody’s Investors Service raised the territory’s general obligation bonds to investment grade (Baa3) from speculative grade (Ba1); the first time
Shares of data analytics group Palantir soared 16 per cent in after-hours trading on Monday after its quarterly profits blew past median forecasts. The company reported $93.4mn in net income in its fourth quarter, far above expectations for $65.6mn. It posted $608.4mn in revenue, also above consensus estimates. Palantir is best known for its ties
Stay informed with free updates Simply sign up to the US foreign policy myFT Digest — delivered directly to your inbox. Washington’s top diplomat, Antony Blinken, held talks with Saudi Crown Prince Mohammed bin Salman in Riyadh on Monday, part of the US’s push for an “enduring” peace deal in the Middle East even as
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A senior Bank of England official on Monday said it was a question of when and not if the central bank started reducing interest rates as a “reward” for continued declines in inflation, as policymakers
Municipal bond market experts say a new form of cyberattack, driven by different motives than ransomware, is on the rise. So-called “havoc-based attacks” are launched simply to cause damage to the victims, in contrast to the financial motives behind ransomware. Congressional testimony last week from the FBI director and federal cybersecurity director about China “further
Municipals sold off Monday following U.S. Treasuries, which saw another session of large losses, as investors digested the likelihood of later and fewer Federal Reserve rate cuts. . Equities ended down. Triple-A muni yields rose 10 to 13 basis points, with the largest losses on the short end, while USTs saw yields rise 11 to14
Enjoy complimentary access to top ideas and insights — selected by our editors. Edward Joseph McManimon III died peacefully on Feb. 2 at his home in New Jersey with his family close by after a long illness. He was 77. For more than 50 years he practiced law at McManimon, Scotland & Bauman LLC, where
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. From France to Germany, to Italy, to Greece: the juggernaut of EU farmers’ protests rolls on. Agricultural protests are as old as the EU itself — and farmers, who can bring along tractors and piles
Higher interest rates, inflation and slower economic growth could create headwinds for the U.S. public finance sector, S&P Global Ratings said in a report Friday. Continuing credit strength has led to growing revenues and expanded reserves, S&P analysts led by Robin Prunty wrote in the report. “However, if local or macroeconomic conditions prevent revenues from