Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The European Central Bank sent a strong signal that it would consider cutting interest rates at its next meeting in June after holding them at all-time highs on Thursday. The ECB said after its governing
John Miller, a veteran municipal bond investment banker and financial advisor, has been hired by Build America Mutual as a senior advisor. In his role, he will focus on boosting the primary market’s use of bond insurance for sizable infrastructure and public power projects. Miller was most recently a director at American Public Infrastructure, a
Celebrating Ohio’s “highest possible credit rating,” Gov. Mike DeWine on Wednesday delivered his State of the State address to the General Assembly at the statehouse in Columbus. DeWine centered his speech around the children of the state, on whom he said the future depends. He gestured to his new great-granddaughter, Betty Jane, up in the
Easterly Asset Management acquired two municipal investment mutual funds and hired two managers, including the former co-head of municipals at OppenheimerFunds Rochester, to run them. Easterly, a Massachusetts-based asset manager with $3 billion under management, added PSP High Income Municipal Bond Mutual Fund and the PSP Short-Term Municipal Fund, which have a combined $600 million
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. In February, Rishi Sunak posed for photos beside Blackstone founder Stephen Schwarzman at the groundbreaking ceremony for the private equity giant’s new European headquarters in London. Shovel in hand, the UK prime minister pointed to
A slew of mega deals helped push issuance in the first quarter of 2024 to over $100 billion, buoyed by favorable market conditions and a resurgence in refunding outstanding Build America Bonds, leading some firms to reconsider total issuance expectations for the year. Sixteen deals topped $1 billion in the first quarter of 2024, double
A new first-of-its-kind environmental rule that lays out a path to reducing so-called “forever chemicals” in U.S. drinking water would cost municipal water systems up to $40 billion in capital costs and billions more in annual compliance costs. That’s the potential price tag floated by industry groups representing publicly-owned water systems after the Environmental Protection
Vietnamese property tycoon Truong My Lan (C) looks on at a court in Ho Chi Minh city on April 11, 2024. A top Vietnamese property tycoon could face the death penalty when she and dozens of other co-accused face verdicts on April 11 in one of the country’s biggest fraud cases over the embezzlement of
Despite a rating upgrade ahead of the deal, Louisiana paid a wider spread to a 10-year benchmark when it sold general obligation bonds Tuesday than it did a year ago. In Tuesday’s pricing, the state paid a 15 basis point spread to the Triple-A benchmark evaluated by BVAL for the 2034 maturity, with 5% coupons.
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. One of our worst nightmares about artificial intelligence is that it will enable killer robots to stalk the battlefield dispensing algorithmically-determined death and destruction. But the real world is a lot messier than the comic
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is a political strategist at BCW communications and former political secretary to Tony Blair “We are the masters now!” These words, attributed to Sir Hartley Shawcross, attorney-general in Clement Attlee’s 1945 Labour government,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US President Joe Biden said his administration’s support for Israel’s security was “ironclad”, following threats from Iran to exact revenge on the Jewish state for a strike on its consulate in Damascus last week. Iran’s
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Jamie Dimon: one, Jay Powell: nil. JPMorgan Chase chief executive Dimon’s annual letter to shareholders this week struck an ominous note, predicting that too much attention is paid to month-to-month oscillations in interest rates and
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A convicted former minister vowing revenge against conservative President Yoon Suk Yeol has helped deliver a resounding defeat to the South Korean leader in parliamentary elections. Former justice minister Cho Kuk, convicted on corruption charges
This is an audio transcript of the Rachman Review podcast episode: ‘How do you define a war crime?’ [MUSIC PLAYING] Gideon Rachman Hello and welcome to the Rachman Review. I’m Gideon Rachman, chief foreign affairs commentator at the Financial Times. This week’s podcast is about war crimes. My guest is Boyd van Dijk, a historian
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Over the past week, pop star Olivia Rodrigo has played four sold-out shows at Madison Square Garden, where about 20,000 people, mostly young women, transformed New York’s storied arena into a haze of glitter and
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is an external member of the Bank of England’s Monetary Policy Committee As an American living in London, people regularly tell me England and America are two countries separated by a common language.
Hidden behind tall cactuses shielding an olive grove in the small Tunisian town of Jebiniana, around 300 people take refuge under makeshift plastic shelters, waiting to cross the Mediterranean Sea and enter Europe. One of them is Aruna, a 39-year-old Sierra Leonean who arrived last year. He has already survived an arduous 5,000km journey across
Stay informed with free updates Simply sign up to the UK interest rates myFT Digest — delivered directly to your inbox. Cuts in UK interest rates “should still be a way off”, according to one Bank of England policymaker, arguing investors were underestimating the risk that high inflation would linger for longer in Britain than
A new rise in US inflation is undermining Joe Biden’s re-election message, threatening the president’s effort to defend his economic record in a crucial phase of the campaign against Donald Trump. The 3.5 per cent annual increase in the March consumer price index followed a 3.2 per cent gain a month earlier, and has made
Riley Moore, right, West Virginia’s treasurer, is running for a U.S. House seat. Moore has helped create a blacklist in his home state for banks that refuse to work with businesses in certain industries. INWOOD, W.Va. — It’s important, Riley Moore says, for people to know that his father was a banker. Tall, sharp-eyed and