Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The former head of Shell has said the oil major is “massively undervalued” in London and may benefit from switching its listing to the US, in another blow to sentiment surrounding the UK stock market.
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We are at the initial stages of a major paradigm shift that has significant implications for the municipal market over the next five to 10 years. A number of societal mega-trends will present material challenges for the municipal market. These include climate change, growing federal debt, shrinkage of the workforce, the impact of remote work,
Enjoy complimentary access to top ideas and insights — selected by our editors. Of the $85.439 billion of par issued, municipal financial advisors saw $84.927 billion of business in 1,184 transactions in the first quarter of 2024. This is up from the $64.644 billion in 1,004 deals in the first quarter of 2023, out of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. “If something cannot go on forever, it will stop.” This is known as “Stein’s law”, after the late Herbert Stein, former chair of Richard Nixon’s Council of Economic Advisers. Stein published this in June 1989,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. AstraZeneca’s chief executive Pascal Soriot is “massively underpaid” and deserves a proposed £1.8mn pay rise, according to one of the drugmaker’s top shareholders. The British pharmaceutical company is preparing for a vote on its long-serving
In this article ZG Follow your favorite stocksCREATE FREE ACCOUNT Jon Lovette | Stone | Getty Images There is a record number of areas in the U.S. where the “typical” home is worth $1 million or more. In February, the country had 550 “million-dollar” cities, or areas where the “typical” home value is $1 million
Texas, where the use of public-private partnerships (P3s) by the state transportation department has been stymied, is now looking to end a 52-year agreement for a toll lane project that was partially financed with private-activity bonds. The Texas Transportation Commission voted March 28 to terminate a 2016 comprehensive development agreement (CDA) with Blueridge Transportation Group,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The evidence is strong, if not quite conclusive, that smartphones damage children and girls in particular. Governments should enact at least some of the legal curbs proposed in Jonathan Haidt’s The Anxious Generation. But take
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Europe must prepare for potential war, as a full-scale conflict on the continent beyond Ukraine is “no longer a fantasy”, the EU’s chief diplomat has warned. “Russia threatens Europe,” both through its ongoing war
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. In October, Japan celebrates the 60th birthday of the shinkansen bullet train, an engineering marvel opened for the 1964 Olympics as proof of the nation’s rising industrial power. For six decades, as it has grown
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. HSBC has agreed to sell its business in Argentina to domestic lender Grupo Financiero Galicia for $550mn as it exits a market where its business has been affected by hyperinflation and a volatile currency. The
Inside the museum that holds the Ara Pacis, a marble altar celebrating the peace and prosperity brought by the 40-year reign of Ancient Rome’s first emperor, Augustus, a group of prominent Italian business people were recently reflecting on the current state of the country. The assembled entrepreneurs and executives — supporters of a fledgling civil
Stay informed with free updates Simply sign up to the Automobiles myFT Digest — delivered directly to your inbox. Imported vehicles are piling up at European ports, turning them into “car parks” as automakers and distributors struggle with a slowdown in sales and logistical bottlenecks including the lack of truck drivers. Port and car industry
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Several large Taiwanese manufacturers are considering setting up a second headquarters overseas to ensure they can keep operating in the event of a Chinese attack on their country. The plans, which remain preliminary in most
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is an FT contributing editor Passive funds are, by construction, price-insensitive bundles of financial securities, weighted to replicate the performance of market indices. But the indices themselves are not entirely passive. And decisions
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Has the case for diversity been defeated in extra-time? At the start of the season, “wosoc Twitter” — the corner of social media that follows and discusses women’s football — was in uproar about the
Lord David Cameron is heading to Washington for a flurry of meetings with Republican and Democratic congressional leaders in an effort to try and help unblock US funding for Ukraine. The UK foreign secretary, who will also hold talks with US Secretary of State Antony Blinken, will call on Congress to approve the extra $60bn
Stay informed with free updates Simply sign up to the US foreign policy myFT Digest — delivered directly to your inbox. UK foreign secretary David Cameron is holding talks in Florida with Donald Trump, as London pushes to win support from the former president’s Republican allies in Congress for more Ukraine aid. Cameron’s talks with
The US is “very focused on ensuring” Russia is not able to develop new liquefied natural gas projects, one of the country’s senior diplomats said. The remarks by Geoffrey Pyatt, the US assistant secretary of state for energy resources, to the FT’s Commodities Summit related to Russia’s Arctic LNG 2 project, which is led by
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Labour will on Tuesday propose to toughen a planned crackdown on tax perks enjoyed by “non-doms” living in the UK, alongside a wider effort to tighten compliance, as the party seeks to plug a hole
Municipals were steady to slightly weaker in spots Monday ahead of a rebound in issuance that tops $8.5 billion. U.S. Treasuries were weaker and equities were up. Triple-A yield curves saw yields rise up to three basis points, depending on the scale, further softening ahead of a growing new-issue slate and the last week before