Rating agencies affirmed Denver Health and Hospital Authority (DHHA) bonds at BBB with stable outlooks, citing improved operating performance. The affirmations came in the wake of concerns raised last month by the public safety net health system that an influx of migrants from the southern border was contributing to escalating uncompensated care costs. Denver Health
Stay informed with free updates Simply sign up to the Monetary policy myFT Digest — delivered directly to your inbox. The writer is chair of the House of Commons Treasury select committee When the Bank of England voted to implement quantitative tightening in September 2022, it put the UK economy in uncharted territory — particularly
As infrastructure funding hangs up in obligation limitations and contract authority rules, state governments and federal lawmakers are already eyeing the possibility of reauthorizing the Bipartisan Infrastructure Law. The $1.2 trillion BIL, also known as the Infrastructure Investment and Jobs Act, represents the crowning legislative achievement for the Biden Administration. But the inflation unleashed by
Gilt-edged Washington Suburban Sanitary District, Maryland, is offering $329 million of revenue bonds via a competitive sale Thursday that may help set the tone for triple-A yield curves that have been contending with U.S. Treasury market volatility in recent sessions. The consolidated public improvement debt is being issued under the supervision of the Washington Suburban Sanitary
Municipal bonds are part of an Illinois city’s plan to help the local casino build a bigger venue at a new location. In its current form, Aurora’s Hollywood Casino occupies a barge tethered near downtown on the Fox River. The city wants to build a brand new casino resort about five miles away, near an
Stay informed with free updates Simply sign up to the Chinese politics & policy myFT Digest — delivered directly to your inbox. Beijing has removed the powerful Communist party boss and chair of its securities regulator as authorities battle plunging confidence in Chinese stock markets. The Communist party’s central committee replaced Yi Huiman with Wu
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. How much of a mandate for change does a new government need? Is it enough simply to have won an election or does it require more detailed permission for the tougher parts of its political
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Hamas is demanding a four-and-a-half month ceasefire in Gaza, an Israeli military withdrawal from the territory and the release of at least 1,500 Palestinians prisoners as part of a proposed three-phase deal to secure the
Thianchai Sitthikongsak | Moment | Getty Images Mortgage demand is struggling to contend with what appears to be another upswing in interest rates. Homebuyers in particular are pulling back. Total mortgage application volume rose 3.7% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. That was all due
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Ørsted has suspended its dividend and slashed targets for developing renewables as the world’s largest offshore wind developer plots a recovery following a calamitous 12 months. The Copenhagen-listed company said on Wednesday it would also
Stay informed with free updates Simply sign up to the US politics & policy myFT Digest — delivered directly to your inbox. Harry S Truman famously branded Congress as “do nothing” in 1948. To be fair, the then Republicans were obstructing the Democrats’ agenda because they disagreed with it. Today’s Republicans, on the other hand,
Stay informed with free updates Simply sign up to the UK house prices myFT Digest — delivered directly to your inbox. UK house prices rose for the fourth consecutive month in January to their highest level since October 2022, adding to signs of stabilisation in the property market as mortgage rates ease. The average UK
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Barratt has reached a £2.5bn deal to buy rival Redrow, creating the UK’s largest housebuilder, as developers weather the property market downturn. The boards of both FTSE housebuilders have recommended that all-share combination, which they
In the days after Hamas’s October 7 attack and the war that followed, Israeli entrepreneur Ron Daniel left Dubai, his home since 2021, fearing that he was “sitting on a volcano”. The chief executive of asset manager and financial technology company Liquidity Group flew back to the United Arab Emirates a month later after deciding
This is part of a series ‘Economists Exchange’, featuring conversations between top FT commentators and leading economists Eurozone inflation has slowed from a peak of more than 10 per cent to below 3 per cent, bolstering hopes that the European Central Bank will start cutting interest rates soon, especially after the region’s economy ground to
Being friends with Hank Medina is a dangerous game. Better known by his pen name Litquidity, he is always quietly looking for content — and even your attire could turn you into a viral meme. People who know him say Medina is the last person you would expect to be the “fin-meme lord” who has
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Apologies in advance for another depressing story about aviation. This one at least has a happy ending. Yet a near-miss at Bordeaux-Mérignac airport, outlined in a report by France’s aviation accidents bureau last month, highlights
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Shareholders in Meta are about to start receiving a dividend for the first time. Most of them probably won’t notice. Investors will receive a piddling 50 cents per share each quarter, starting next month. Given the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Standard Chartered has sounded out UK political heavyweights Sir Charles Roxburgh and Sir Sajid Javid as potential candidates for its next chair when José Viñals steps down. Executive search firm Spencer Stuart has been gauging
Animal products entering the UK from the EU will continue to be waved through without checks if British ports are overwhelmed by new post-Brexit border controls, according to documents seen by the Financial Times. An “automated clearance process” will clear goods for entry without paperwork checks if there are capacity issues at border control posts,
Former Royal Bank of Scotland head Ross McEwan will stand down in April as chief executive of National Australia Bank, the country’s third-largest lender. He will be replaced by Andrew Irvine, a former Bank of Montreal executive. McEwan returned RBS to profit before moving to Australia to lead NAB four years ago. He joined the Australian