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US oil prices topped $90 a barrel for the first time this year on expectations of tighter supply, raising fresh concerns that they will drive the US inflation rate higher.     The price of West Texas Intermediate, the US benchmark, climbed as much as 2.2 per cent to $90.50 a barrel in lunchtime trading on

Receive free Chinese politics & policy updates We’ll send you a myFT Daily Digest email rounding up the latest Chinese politics & policy news every morning. The US government believes Chinese defence minister Li Shangfu has been placed under investigation in the latest sign of turmoil among elite members of Beijing’s military and foreign policy

Receive free Private equity updates We’ll send you a myFT Daily Digest email rounding up the latest Private equity news every morning. Private equity firms have started to borrow against their funds to backstop overly indebted portfolio companies, a new financial engineering tactic meant to cope with higher interest rates and a slowdown in dealmaking.

Receive free UK politics updates We’ll send you a myFT Daily Digest email rounding up the latest UK politics news every morning. Michael Gove’s flagship renters’ reform bill, which would end “no-fault” evictions in England, has again been put on ice, sparking a furious blame game in government over why it keeps being delayed. Some

Receive free Arm Ltd updates We’ll send you a myFT Daily Digest email rounding up the latest Arm Ltd news every morning. Shares in SoftBank-backed chipmaker Arm jumped by 10 per cent as it began trading on the Nasdaq exchange on Thursday. Arm opened at $56.10 per share on Thursday afternoon, significantly above the $51

Fifteen years ago, the financial world became obsessed with bank capital ratios. For after Lehman Brothers imploded, there was a race to tighten capital and liquidity standards. And this continues, even today. Right now, for example, the American government is trying to implement a new wave of Basel III rules, sparking a furious backlash from

Receive free European Central Bank updates We’ll send you a myFT Daily Digest email rounding up the latest European Central Bank news every morning. The European Central Bank has raised interest rates to an all-time high in a bid to cool consumer prices, despite faltering growth in the eurozone. The ECB’s knife-edge decision to lift

Receive free UK infrastructure updates We’ll send you a myFT Daily Digest email rounding up the latest UK infrastructure news every morning. The British government on Thursday refused to commit to building the northern section of the High Speed 2 rail line between Birmingham and Manchester, prompting fresh fears about the project. Speculation about the

Receive free Technology updates We’ll send you a myFT Daily Digest email rounding up the latest Technology news every morning. Some drivers and employees may be startled to discover what lies buried deep within the 9,500-word privacy notice of Nissan North America listing all the personal data the car company might collect. The categories extend

Receive free Private equity updates We’ll send you a myFT Daily Digest email rounding up the latest Private equity news every morning. Private equity and private debt executives are too laid back about the mounting risks in their industry, the chair of the top organisation representing securities regulators warned on Thursday, as it published new

Receive free UK inflation updates We’ll send you a myFT Daily Digest email rounding up the latest UK inflation news every morning. Rishi Sunak is confident he will achieve his primary ambition for the year. The Institute for Fiscal Studies is not so sure. In the US, Joe Biden already has. The matter in question

Receive free FT Magazine updates We’ll send you a myFT Daily Digest email rounding up the latest FT Magazine news every morning. There’s a reason to be optimistic about Britain. The nation is completing a seven-year therapy treatment that worked. True, it’s been an expensive exercise in wrecking relationships. But at last, the UK knows

Receive free Markets updates We’ll send you a myFT Daily Digest email rounding up the latest Markets news every morning. The euro edged higher against the dollar on Thursday as investors awaited an interest rate decision from the European Central Bank later in the day. Eurozone policymakers are set to decide on whether to keep

Receive free Electric vehicles updates We’ll send you a myFT Daily Digest email rounding up the latest Electric vehicles news every morning. Beijing has attacked the EU’s anti-subsidies investigation into China’s electric car industry as a “naked protectionist act” and warned that it will have a negative impact on relations in its first official comments

Receive free UK politics updates We’ll send you a myFT Daily Digest email rounding up the latest UK politics news every morning. Sir Keir Starmer arrived in The Hague on Thursday vowing that a Labour government would work more closely with the EU in tackling clandestine migration, including striking a new “returns agreement” with the

Receive free SoftBank Group Corp updates We’ll send you a myFT Daily Digest email rounding up the latest SoftBank Group Corp news every morning. Craig Coben is a former global head of equity capital markets at Bank of America and now a managing director at Seda Experts. Defying pessimists, party-poopers and sourpusses, SoftBank priced the

Receive free Batteries updates We’ll send you a myFT Daily Digest email rounding up the latest Batteries news every morning. French car battery group Verkor has raised more than €2bn in financing for its first plant as European start-ups rush to develop the region’s own industry amid a growing threat from Chinese rivals. Verkor’s latest

9/13/2023, 11:29:00 PM What to watch in Asia today William Langley in Hong Kong UK-China relations: The British government is expected to formally respond to a damning report from parliament’s intelligence and security committee in July, which found the UK’s approach to China’s “increasingly sophisticated” espionage was “completely inadequate”. Hong Kong: The second day of

This article is an on-site version of our Unhedged newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday Good morning. Markets took one look at the consumer price index yesterday and went right back to bed. The Vix and Move volatility indices are back near recent lows. Yawn. Wake

Receive free US inflation updates We’ll send you a myFT Daily Digest email rounding up the latest US inflation news every morning. Fresh signs of stubbornly high inflation in corners of the world’s largest economy are fuelling fears that the retreat in consumer price increases many economists expected later this year will be bumpier than

Receive free Masayoshi Son updates We’ll send you a myFT Daily Digest email rounding up the latest Masayoshi Son news every morning. A senior banker in Tokyo recalls introducing Masayoshi Son on stage at an event five years ago and how instantly the room was captured by the first slide of the presentation: on the