Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. As every connoisseur of the more excitable bits of the financial blogosphere can tell you, the dollar is on an unstoppable trajectory to disaster. One recent post argued that the US has, like the Roman
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Stay informed with free updates Simply sign up to the Private equity myFT Digest — delivered directly to your inbox. The world’s largest private capital firms have avoided income taxes on more than $1tn in incentive fees since 2000 by structuring the payments in a way that subjected them to a much lower levy, according
The U.S. First Circuit Court of Appeals almost entirely overturned a lower court’s reasoning that underlay an Oversight Board proposed Puerto Rico Electric Power Authority plan of adjustment, in what appears to be a major bondholder victory. On Wednesday afternoon, a panel of appeals court judges ruled unanimously that PREPA bondholders had a perfected lien
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The Environmental Protection Agency’s efforts to speed up the transition away from dirty energy sources like coal could pressure public power utility ratings, especially if it results in the accelerated retirement of coal-fired generation facilities, according to Fitch Ratings. Analysts say that accelerating a shift to clean power — particularly when the technology for carbon
Municipals traded stronger across the yield curve Wednesday, following an early rally in U.S. Treasuries after inflation data came in softer than anticipated. While Treasuries pared back some of those gains after the Federal Reserve held rates steady and the post-meeting statement signaled only one rate cut may come this year and spoke of “modest”
Enjoy complimentary access to top ideas and insights — selected by our editors. The top five bond financings in the ranking have an average dollar volume of more than $1.9 billion. The top 18 bond financings have a cumulative amount of nearly $18 billion. Scroll through to see which bond financings are in the top
A proposed settlement between Houston and its firefighters union moved forward Wednesday with the city council authorizing the issuance of $650 million of general obligation judgment bonds, although a vote on a collective bargaining agreement was delayed. Both are part of a plan to end an eight-year contract impasse and litigation in Harris County District
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Chris Wattie | Reuters The Federal Reserve announced Wednesday that it will leave interest rates unchanged. Fresh inflation data issued earlier in the day showed that consumer prices are gradually moderating though remain above the central bank’s target. The Fed’s benchmark fed funds rate has now stood within the range of 5.25% to 5.50% since
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Milwaukee Public Schools is several months late in submitting the annual financial audit reports required by statute, and the delay has triggered a litany of consequences. The Wisconsin Department of Public Instruction has withheld the district’s June 2024 Special Education Aid payment of $16,623,612. MPS Superintendent Keith Posley resigned last Tuesday. And Wisconsin Gov. Tony
In another sign of the sector’s recovery, airports are set to flock to the muni market this year as issuers can no longer postpone long-delayed projects and necessary infrastructure maintenance. Airport issuance got off to a slow start this year with only $3.5 billion priced through the end of May, according to Ramirez’s May airport
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