Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Dear readers, Welcome to Democracy 2024, a series of articles and short films marking an extraordinary year ahead. More than half the global population is potentially voting in elections this year. Some of these polls
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Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. China’s economy grew 5.2 per cent in 2023 while its population fell by 2mn, pointing to persistent challenges for the world’s second-largest economy from a property slowdown and demographic pressures. Gross domestic product growth for
1/17/2024, 2:09:12 AM Chinese equities decline following release of soft housing data William Sandlund in Hong Kong Chinese equities on the mainland and in Hong Kong opened down on Wednesday following the release of official housing data for December, highlighting weak sentiment due to an ongoing property downturn. Hong Kong’s Hang Seng index fell 2.1
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Labour’s Rachel Reeves will vow to boost the UK’s attraction as a destination for business investment in a pitch to corporate bosses in Davos, where she will accuse the governing Conservatives of undermining economic stability.
Stay informed with free updates Simply sign up to the US foreign policy myFT Digest — delivered directly to your inbox. The US is preparing to name the Houthis, an Iran-backed militant group in Yemen, as a specially designated global terrorist group, according to people familiar with the matter. The decision, to be announced in
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Qatar has mediated an agreement between Israel and Hamas to fly two military plane loads of medicine and other humanitarian aid into Gaza as part of a deal to provide drugs to Israeli hostages held
The Federal Reserve should be able to “methodically and carefully” lower its interest rate target this year, if inflation continues to moderate, Federal Reserve Gov. Christopher Waller said Tuesday. “When the time is right to begin lowering rates, I believe it can and should be lowered methodically and carefully,” Waller said in a Brookings event.
Munis were slightly weaker to start the holiday-shortened ahead of several large new issues, but the asset class outperformed U.S. Treasuries on the day. Equities saw losses. Muni yields were cut up to four basis points, depending on the scale, while UST yields rose eight to 11 basis points. Munis have “struggled to get out
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump’s sweeping victory in Monday’s Iowa Republican caucuses showed that the former president was able to build on his previous base of rural and working class voters, bettering his performance in counties where his
New York Gov. Kathy Hochul proposed a $233 billion fiscal 2025 budget that will make a one-time dip into the state’s reserve to help New York City pay the costs incurred by a rising tide of migrants. “I am proposing that we draw $500 million from state reserves that are intended for one-time emergencies like
The California Legislative Analyst’s Office take on the governor’s proposed budget found Gov. Gavin Newsom’s deficit estimates “optimistic,” though it lowered its own deficit estimates by $10 billion to $58 billion. The main difference between Newsom’s budget for fiscal 2024-25 released last week, which projects a $38 billion deficit, and the LAO’s, is the governor
The New York Blood Center declared an urgent blood emergency last week, underscoring the importance of the organization’s work as it prepares to tap the capital markets to improve its operations. On Wednesday its parent, New York Blood Center Enterprises, plans to price $46 million of tax-exempt municipal bonds to renovate its newly leased campus
Former U.S. President Donald Trump arrives to speak to the press after attending the civil fraud trial against the Trump Organization in New York State Supreme Court, in New York City on Jan. 11, 2024. John Lamparski | AFP | Getty Images The top court in New York State on Tuesday rejected an appeal by
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Two deputy Conservative party chairs quit on Tuesday as Rishi Sunak suffered the biggest revolt of his premiership, with 60 rebel Tory MPs attempting to force him to toughen up his Rwanda legislation. Lee Anderson
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is author of ‘Black Wave’, distinguished fellow at Columbia University’s Institute of Global Politics and an FT contributing editor Lebanon’s caretaker foreign minister, Abdallah Bou Habib, made a startlingly frank admission of powerlessness
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 9, 2024. Brendan Mcdermid | Reuters The crystal ball is cloudy this year my friends. In the past it was easier to come up with my annual list of predictions, even if it turns out I was wrong. Heading
The Municipal Securities Rulemaking Board has filed its amendments to Rule G-14 on customer transaction reporting with the Securities and Exchange Commission, moving to bring the current 15-minute window for reporting trades to the MSRB down to one minute with exceptions for manual trades and smaller firms with limited municipal trading activity. The proposal now
Travelers to Florida spent a record $124.9 billion in the state in 2022, up $20 billion from the prior year, according to a study by Visit Florida. The Sunshine State saw 137.4 million people visit in 2022 and 97 cents of each dollar they spent stayed in the state’s economy, according to the 2022 economic
The Triborough Bridge and Tunnel Authority of New York is selling $300 million of tax-exempt green bonds this week backed by the state’s beefed up payroll mobility tax. The TBTA (MTA Bridges and Tunnels) Series 2024A PMT senior lien climate bond certified green bonds will be sold competitively on Thursday at 10:15 a.m., EST. The
Oppenheimer & Co., Inc. has hired veteran Chicago banker Elizabeth Coolidge as head of public finance. Coolidge comes to Oppenheimer from UBS, where she led the Midwest public finance business. UBS shuttered its muni business in October. Also joining Oppenheimer from UBS are Chicago-based bankers Liberty Ziegahn, managing director, and Madison Maher, director. Oppenheimer has
Dubai’s property boom in the years following the Covid-19 pandemic has been one of the fastest in the world, fueled by investor-friendly reforms and a surge in expat demand, particularly from Russia in the wake of the start of Moscow’s full-scale war with Ukraine. Some of Dubai’s luxury developments cater specifically to Russian buyers, with