Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Despite crude oil’s combustible properties, armed conflict near large oil producers — Russia and now Iran — has not ignited a sustained rise in price. Brent crude fell on Monday, dipping below $90 a barrel,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tesla is cutting more than 10 per cent of its workforce — at least 14,000 jobs — as the worldwide EV slowdown and brutal price war hits the American automaker. “We have . . . made the difficult decision
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump’s social media company scrambled to find a new auditor after its first pick resigned after just a few months on the job, according to people familiar with the matter. Trump Media & Technology
Florida is coming to market early this week with a $1.5 billion taxable bond sale to bulk up the state’s Hurricane Catastrophe Fund. The State Board of Administration Finance Corp. is planning to issue $1.5 billion of taxable revenue bonds in two maturities. “We convened with the underwriting group today and signed off on what
Duluth, Minnesota-based St. Luke’s Hospital’s new affiliation with Wisconsin-based Aspirus has lifted the prospects for its speculative-grade bonds. S&P Global Ratings placed the hospital’s BB-plus rated bonds on CreditWatch with positive implications April 5, citing the March transaction which made Aspirus responsible for all of St. Luke’s debt. A CreditWatch positive typically means that S&P
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Goldman Sachs’ profits rose 28 per cent in the first quarter, as a strong performance by its trading business helped it surge past analysts’ estimates. The US bank said net income for the first three
The New York City Municipal Water Finance Authority is returning to the municipal bond market for its second issuance this year. The authority is scheduled to price $450 million of fixed-rate second resolution bonds, with a retail order period Monday followed by institutional pricing Tuesday, according to an online investor presentation. $400 million will fund
Stay informed with free updates Simply sign up to the US foreign policy myFT Digest — delivered directly to your inbox. Ever since Hamas attacked Israel on October 7 last year, America has pursued two key objectives. The first is to provide “ironclad” support for Israel. The second is to prevent a wider regional war
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is senior adviser at Engine AI and former chief global equity strategist at Citigroup Like many, I am depressed by the direction the world seems to be taking. Events in the Middle East
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK water industry has little obvious in common with the banking sector — unless you count lame jokes about liquidity problems caused by leaky pipes and the toxic assets otherwise known as sewage spills.
Water companies in England and Wales paid £2.5bn in dividends and added £8.2bn to their net debt in the two financial years since 2021, according to research by the Financial Times. The updated figures mean that the 16 water monopolies have paid out a total of £78bn in dividends in the 32 years between privatisation
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Western leaders increased pressure on Israel on Monday to exercise restraint following Iran’s drone and missile attack, as Benjamin Netanyahu’s war cabinet prepared to reconvene to discuss how it will respond. French President Emmanuel Macron
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Oil and Asian equity markets were muted on Monday following Iran’s military strike on Israel as traders shrugged off fears the conflict could escalate into a full-blown war and curb supplies from the region. Brent
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The number of FTSE 100 companies proposing significant pay rises or new remuneration structures for their top heads has jumped this year, as London-listed groups debate whether to boost incentive packages to compete with US
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Hours after Iran launched a barrage of armed drones and missiles against Israel Iranian military chiefs declared “mission accomplished”, having implemented a change of tactics designed to restore the Islamic republic’s deterrence. In launching its
A growing number of health-conscious consumers rejecting beer, wine and spirits represents “a big opportunity”, said the chief executive of Japan’s biggest brewer Asahi, who forecast zero- and low-alcohol drinks would generate half of the company’s beverage sales by as early as 2040. Atsushi Katsuki, whose group produces beers including Asahi Super Dry, Peroni Nastro
Stay informed with free updates Simply sign up to the Chinese business & finance myFT Digest — delivered directly to your inbox. Activity on China’s equity capital markets on the mainland and beyond has slumped to multi-decade lows, highlighting how the loss of momentum in the world’s second-largest economy has weighed on investor confidence. Chinese
Benjamin Netanyahu’s initial assessment of how Israel’s aerial defences dealt with Iran’s first direct drone and missile attack on the Jewish state contained more than a hint of satisfaction. “We intercepted. We stopped [the attack]. Together we will win,” the Israeli prime minister wrote on social media platform X on Sunday, after Israel and its
Just after dark on Saturday in Tehran, the commander of the Revolutionary Guards picked up a phone and issued an order to begin “Operation True Promise” — an unprecedented aerial assault by the Islamic republic on the Jewish state. After Major General Hossein Salami read out the names of the senior Iranian military officials whose
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. France has launched a dispute with the UK over fishing rights after its trawlers were banned from some British waters to protect vulnerable habitats. French diplomats raised the issue at a meeting of EU ministers
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Momentum in economies including the US and India has been picking up in recent months, helping stoke optimism that global growth in 2024 will modestly outpace last year’s reading, according to research for the Financial