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In April last year, a group of nearly 60 EU officials travelled to Sweden on a fact-finding mission to meet Nasdaq Stockholm, operator of the country’s highly successful stock market. During a two-hour session on “capital markets ecosystems”, the exchange’s executives explained why so many small and medium-sized businesses are deciding to list in Stockholm.
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Stay informed with free updates Simply sign up to the Central banks myFT Digest — delivered directly to your inbox. Welcome to what Goldman Sachs is calling “reflation desperation”. For policymakers and investors, this will be a nauseating and probably lengthy ride. The embarrassing reset has come about because it turns out the inflation dragon
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They used to say the British didn’t complain. We were known for our sense of reserve. But the apparent death of customer service in the UK has moved the national conversation on from talking about the weather. Today, we’re more likely to bond over our gripes with banks, energy companies, online delivery firms, airlines, car
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A Boeing whistleblower testified to a US Senate committee that the aircraft manufacturer “absolutely” has a culture of retaliation against employees who raise safety concerns. Sam Salehpour, a quality engineer at the company, said he was berated by a manager in response to repeatedly questioning the safety of the 777 and 787 aeroplanes. Separately, he
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Municipals were little changed Wednesday as supply slowed and small inflows into muni mutual funds returned. U.S. Treasury yields fell and equities saw losses. The Investment Company Institute reported small inflows to municipal bond mutual funds for the week ending April 10, with investors adding $18 million to funds following $69 million of outflows the week
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Municipal analysts are concerned the growing federal government debt may lead to challenges for municipal finances in the near-, medium- and long-term. The increasing federal debt may force states and local governments to pay higher rates on their bonds. “Since some municipal investors may also choose Treasuries given their very low risk, the greater supply
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Norton Rose Fulbright has hired public-private partnership and infrastructure attorney Patrick Harder to co-head the firm’s U.S. and North America infrastructure groups. Harder joins Norton Rose after 20 years at Nossaman LLP, where he was a leader in the U.S. P3 space and was partner and chair of the infrastructure group. He will co-chair Norton’s
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The Federal Emergency Management Agency is asking the Biden Administration for an additional $9 billion to pad its disaster relief fund for the remainder of FY 2024. That was mentioned during the House Appropriations Committee hearing on Tuesday, where FEMA administrator Deanne Criswell appeared to discuss the Biden Administration’s $33.1 billion funding request for FEMA
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Stay informed with free updates Simply sign up to the US-China relations myFT Digest — delivered directly to your inbox. Tension between America and China was so bad a year ago that Janet Yellen could not get permission to go there. Now the US Treasury secretary is a social media hit in China. Yellen’s two
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