Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A fondness for European defence stocks has been a somewhat oddball hobby for most of the last decade or two, but like V-neck jumpers, the sector is firmly back in fashion. So much so, in
Ben Bernanke was brutally honest about the failings of the Bank of England’s economic modelling when he published a long-awaited review of its forecasting processes on Friday. But the man who led the US Federal Reserve in its response to the 2008-09 global financial crisis ducked the big question for economists: whether the UK’s central
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The European private equity group CVC Capital Partners is poised to announce its plans for an initial public offering as soon as Monday, kicking off one of the continent’s most highly anticipated listings this year.
The City of Richmond, Virginia is changing course on a nearly $280 million bond issuance that will build a new minor league baseball stadium anchoring a $2.4 billion mixed-use project on 67-acres just northwest of downtown Richmond. Last week the Diamond District project, which includes retail, housing, and office space took a public financing turn when the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Few central banks have emerged from the past three years of inflation fighting with the same credibility they had before. The Bank of England has had a particularly hard time. Net public satisfaction with the
Bond insurance continued its upward trajectory in the first quarter of 2024, leading the two top municipal bond insurers to expand. Municipal bond insurance grew 24.4% in the first quarter of the 2024 year-over-year. The top two municipal bond insurers wrapped $7.132 billion in the first quarter of 2024, up from the $5.735 billion of
In this article LEVI BOOT Follow your favorite stocksCREATE FREE ACCOUNT Beyonce leaves the Luar fashion show at 154 Scott in Brooklyn during New York Fashion Week on February 13, 2024 in New York City. James Devaney | GC Images | Getty Images Western boots have a new protector in Beyoncé. The country fashion staple’s
Iran has signalled to allies and western nations that it will retaliate against a suspected Israeli air strike on its Damascus consulate in a “calibrated” manner to keep an all-out regional conflict at bay, according to officials briefed on the talks. Tehran is unlikely to target Israeli diplomatic facilities in the region, said an official
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Thames Water shareholders backed away from supporting the group after the UK regulator demanded they slash the company’s debt pile and make other structural changes they calculated would cost as much as £8bn. The backtracking
Spreads on Build America Bonds have widened “significantly” in the last few months amid a wave of refinancings despite a debate over the legal ability of issuers to call the debt, according to municipal bond strategists. So far this year, the BABs index option-adjust spread has cheapened 10bps compared to the ICE Broad Taxable Municipal
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Growth in the world’s oil use is slowing, the International Energy Agency said on Friday, even as traders’ fears of a supply shock have driven up prices by nearly a fifth this year. The IEA
A string of breakthroughs in artificial intelligence over the past year has raised expectations for the arrival of machines that can outperform expert humans across a range of intellectual tasks. With progress in AI seeming to accelerate, there is near consensus in Silicon Valley that abilities that seemed far-fetched only a few years ago are
The late March collapse of Baltimore’s Francis Scott Key Bridge raises questions about the age and resiliency of U.S. infrastructure that engineers and the finance industry will need to address together. That’s the view of Maria Lehman, immediate past president of the American Society of Civil Engineers, GHD’s infrastructure market leader for the United States
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The dollar has notched up its strongest weekly performance since 2022 after outsize US inflation figures caused ripples through world markets. The US currency has strengthened by 1.5 per cent against a basket of six
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. When I spoke this week to Christopher Groves, a London-based tax lawyer who advises the well-off, he was sitting in the Milan office of his firm Withers. It was not a coincidence. While the UK
The not-for-profit healthcare sector continues to face challenges, including a high number of bond covenant violations, which can provide an early warning of payment defaults, said Lisa Washburn, chief credit officer and managing director for Municipal Market Analytics. “The hospital sector has definitely seen improvement since the worst of 2022, but I would still
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Profits at JPMorgan Chase rose 6 per cent in the first three months of 2024 from a year earlier, despite the bank paying an extra $725mn charge from US regulators to cover the costs of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Roaring equity markets and the popularity of a new spot bitcoin exchange traded fund powered BlackRock to record assets under management of $10.5tn and net income of $1.57bn that was up 36 per cent year
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Deputy Labour leader Angela Rayner is being investigated by Greater Manchester police over allegations that she potentially broke electoral law by failing to properly disclose her main residence in official documents. Rayner was reported to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Bank of England must revamp its main economic model if it is to avoid repeating its recent failure to forecast surging inflation, former Federal Reserve chair Ben Bernanke has said. The Nobel laureate, who