Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A top CIA official posted a pro-Palestine image on Facebook two weeks after Hamas attacked Israel, in a rare public political statement by a senior intelligence officer on a war that has sparked dissent within
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The Utah Associated Municipal Power Systems has dropped plans to build a first-of-its-kind nuclear plant amid dwindling support from cities on the hook to pay for the electricity. UAMPS, comprised of 50 municipally owned power systems across six Western states, was working with Oregon-based NuScale Power, LLC, to launch the nation’s first small modular reactor
Puerto Rico’s economic future is strong, Gov. Pedro Pierluisi said in a televised interview that bondholders said means the Puerto Rico Electric Power Authority can afford to pay them more. On Monday morning, PREPA bondholder GoldenTree Asset Management and PREPA bond insurer Syncora Guarantee presented Pierluisi’s statements to U.S. District Judge Laura Taylor Swain, who
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 professor of International Relations emeritus at Sciences-Po (Paris) and a former senior adviser to the United Nations secretary-general Before October 7, the world saw Israel as a start-up nation, with a
Claustrophobic rooms, lowered voices, rice rations and threats: a picture is emerging of the distress and discomfort of life in the hands of Hamas, after the Palestinian militant group began releasing women and children as part of a temporary truce deal with Israel. Speaking publicly in the week that dozens of captives were released, relatives
Interactive Brokers, one of the largest brokerage firms in the world, has opened crypto trading for retail clients in Hong Kong. According to the Nov28 announcement, the service is offered in conjunction with OSL, one of the first crypto exchanges to receive a Virtual Asset Service Provider (VASP) in Hong Kong. “Interactive Brokers’ retail investors
A townhouse for sale in the Upper East Side neighborhood of NYC. Adam Jeffery | CNBC Higher mortgage rates appear to be doing very little to cool home prices. Nationally, prices were 3.9% higher in September compared with the same month a year earlier, up from a 2.5% annual gain in August, according to the
Stay informed with free updates Simply sign up to the US interest rates myFT Digest — delivered directly to your inbox. The dollar hit a three-month low on Tuesday and US Treasury yields slid as investors grew increasingly confident that the US Federal Reserve will start cutting interest rates by mid-2024. The US currency slid
Stay informed with free updates Simply sign up to the UK interest rates myFT Digest — delivered directly to your inbox. There is no scope to cut UK interest rates “anytime soon”, a Bank of England policymaker has warned, echoing warnings from senior officials that borrowing costs will remain at or near their current level
A team of public finance bankers focused on healthcare has left Citigroup Inc. for rival Jefferies Financial Group after the firm’s executives have mulled closing the municipal banking department altogether, according to people familiar with the matter. The group of about 10 bankers departing for Jefferies includes managing directors Brian Carlstead, Ben Klemz, and Katherine
David Paul Morris/Bloomberg U.S. regulators’ swift action in March to ring-fence the banking sector after the collapse of Silicon Valley Bank might have had an unintended consequence of driving cash out of bond funds by enhancing the appeal of deposits. That’s the assessment of two Federal Reserve Bank of New York researchers writing in a
Declining enrollment and fiscal constraints were cited by Moody’s Investors Service in a one-notch downgrade of Issaquah School District 411 in King County, Washington. The school district’s outlook was also revised to stable from negative, according to Monday’s ratings report. The district has roughly $670 million of general obligation unlimited tax (GOULT) debt. The Moody’s
Anyone who has ever had the privilege of living on the waterfront will tell you that this is living. The new house has a big waterfront view on Oswego Lake. LUXE On the western edge of Oregon’s Oswego Lake is an exclusive district known as the Gold Coast. The neighborhood enjoys access to recreational and
Chicago’s bond ratings have improved, but the city has more work to do, even after the recent passage of Mayor Brandon Johnson’s $16.77 billion 2024 budget by an overwhelming majority of the City Council on Nov. 15. While the city has made some important progress on the expenditure side, the new mayor’s first budget didn’t
Bitcoin (BTC) may suffer when the first spot exchange-traded fund (ETF) is approved by the United States, a new warning says. In a thread on X (formerly Twitter) on Nov. 28, Joshua Lim, head of derivatives at capital market firm Genesis Trading, predicted a volatile start to 2024 for BTC price action. Bitcoin ETF approval:
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Not long ago, “most governments had believed that closer economic integration would promote long-term prosperity. Now, integration is seen as a source of risk and insecurity.” This is how London-based Capital Economics introduces an intriguing
Cryptocurrency mining firm Phoenix Group is preparing for its public trading launch after seeing a significant oversubscription during the pre-market sale on Nov. 21. Phoenix’s public trading launch will be delayed as the firm has revised the date for its forthcoming initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX). According to an
For every genuine blockchain project harnessing artificial intelligence there are 100 coins trading off the hype. Magazine spoke with Near founder Illia Polosukhin, Framework Ventures founder Vance Spencer, MakerDAO founder Rune Christensen, Richard Ma from Quantstamp, Ralf Kubli from Casper and others to explore some of the key hype-free, genuine use cases for AI in
Enjoy complimentary access to top ideas and insights — selected by our editors. Transcription:Lynne Funk (00:03):Hello everyone and welcome to another Bond Buyer podcast. I’m Lynne Funk, executive editor at The Bond Buyer, and I am very excited to welcome this year’s public and private sector. Freda Johnson Award winners to the show today. Megan
Fitch Ratings has upgraded Pennsylvania’s issuer default and outstanding general obligation bond ratings to AA from AA-minus. Fitch also raised the bonds supported by state appropriations to AA-minus from A-plus and the ratings on state school credit enhancement programs linked to the commonwealth’s IDR to AA-minus from A-plus. The rating outlook on all the bonds
Many predicted that Binance would never embrace regulation — it would only pretend to comply in jurisdictions like the United States. No more. Binance pleading guilty to money laundering and other federal charges on Nov. 21 means it’s giving up its free-booting ways. It will also pay a $4.3 billion fine, the largest in the