The Municipal Securities Rulemaking Board’s proposal on Rule G-12(c), the subsection of its uniform practices dealing with inter-dealer confirmations, which would simplify some existing guidance, retire some others and merge much of it into Rule G-15, should go further and eliminate the subsection altogether, dealers say. MSRB Rule G-12 on uniform practice establishes the industry
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Apple will stop selling its smartwatches through the company’s own US stores before Christmas after losing a patent infringement case, dealing it a blow during the holiday sales season. The iPhone maker said it would
Houston will welcome a new mayor and controller next month amid financial challenges that include an ongoing contract impasse with firefighters and a major airport terminal project launched by the city and United Airlines last month. With Mayor Sylvester Turner and Controller Chris Brown term-limited from running again after eight years in office, 18 candidates
Yuichiro Chino | Moment | Getty Images Like it or not, generative artificial intelligence has arrived on Wall Street — and experts expect it to transform the way firms do business. To be clear, artificial intelligence, like natural language processing and machine learning, has been used by wealth management and asset management firms for years.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. One of the things that forces a rich country to open its doors to immigrants is the need to find people to do work that their own population is unwilling or unable to do. And
Brace for an unpredictable year in community finance, where a confluence of global turmoil, mandatory tech advancements, legislative implementation, and potential political upheaval all collide with an already fragile insurance market. While the presidential election may be a noisy stalemate, this chaos presents a hidden opportunity for agents of change to make real progress. Think private
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Adobe has terminated its proposed $20bn merger with product design software company Figma, following competition probes from EU and UK regulators. The UK’s Competition and Markets Authority said that combining the two companies would threaten
The John A. Blatnik Bridge links Superior, Wisconsin to Duluth, Minnesota, curving across the Saint Louis River between the two cities. But over its 62 years, rust and structural decay have taken a toll on the 7,975-feet-long steel span. So the Minnesota and Wisconsin departments of transportation, which co-own and operate the bridge, are planning
Stay informed with free updates Simply sign up to the UK interest rates myFT Digest — delivered directly to your inbox. Uncertainty over the state of the UK’s labour market will force the Bank of England to wait longer before it can safely conclude inflation is on the way down and cut interest rates, according
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. BP has become the first oil major to pause all shipments through the Red Sea, citing a “deteriorating security situation” because of escalating Yemeni rebel attacks on ships passing through a route that handles about 10
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Freshfields Bruckhaus Deringer’s former global head of tax told a Frankfurt court he “totally failed” as a lawyer and “glossed over the fact that my legal advice was used for illegal means”, as he stands
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Unilever has announced it will sell a group of more than 20 brands including Q-tips, Timotei shampoo and Impulse body spray to private equity group Yellow Wood Partners, the latest in a series of sales
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Ukraine goes into the new year short of ammunition, money and diplomatic support. Underlying these critical shortages, there is another important deficiency. The country and its western backers no longer have a convincing theory
Stay informed with free updates Simply sign up to the US interest rates myFT Digest — delivered directly to your inbox. A top official at the Federal Reserve has warned that financial markets had jumped “a little bit ahead” by pencilling in early interest rate cuts next year, the latest attempt by the US central
Stay informed with free updates Simply sign up to the US-China relations myFT Digest — delivered directly to your inbox. China has cut back on “dangerous” fighter jet intercepts against US aircraft since last month’s summit meeting between presidents Joe Biden and Xi Jinping, according to the top US military commander in the Indo-Pacific region.
Stay informed with free updates Simply sign up to the Fund management myFT Digest — delivered directly to your inbox. Welcome to FT Asset Management, our weekly newsletter on the movers and shakers behind a multitrillion-dollar global industry. This article is an on-site version of the newsletter. Sign up here to get it sent straight
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is president of Queens’ College, Cambridge, and an adviser to Allianz and Gramercy “It turns out that inflation was transitory after all; it just took longer.” Such a view is being heard a
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Amid all the excitement about inflation falling and the cautiously optimistic COP28 deal, last week’s report from the OECD into international financial literacy levels unsurprisingly garnered few headlines. And yet for most people the humble
Rosanne Wong should be enjoying a year of recovery at her four cigar shops in Hong Kong, after three years of Covid restrictions were finally lifted at the start of the year and traditionally high spending mainland Chinese tourists returned. Hand-rolled Cuban cigars have been in high demand — prices for some of the most-sought
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rishi Sunak was quick to declare victory in November when he met his goal of presiding over a halving of inflation. But the prime minister had less room for rejoicing over one of the other
Stay informed with free updates Simply sign up to the Global Economy myFT Digest — delivered directly to your inbox. Corporate bankruptcies are increasing at double-digit rates in most advanced economies as borrowing costs rise and governments unwind pandemic-era worth trillions of dollars support for struggling businesses. Following a decade of decline the number of