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
0 Comments
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
0 Comments
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.
0 Comments
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
0 Comments
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
0 Comments
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
0 Comments
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
0 Comments
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
0 Comments
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
0 Comments
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
0 Comments
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
0 Comments
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
0 Comments
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
0 Comments