Borse Dubai is selling just under a third of its long-held stake in Nasdaq, the US exchange operator and financial technology provider. The sale of 27mn shares will leave the Middle Eastern exchange with a 10.8 per cent stake, making it Nasdaq’s second-largest investor. Thoma Bravo, the private equity firm, has a 12.5 per cent
Republican presidential candidate and former U.S. President Donald Trump speaks during a Fox News town hall at the Greenville Convention Center in Greenville, South Carolina, on Feb. 20, 2024. Justin Sullivan | Getty Images Donald Trump and his co-defendants were in talks with insurance giant Chubb for a $464 million appeal bond in the former
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Billionaire investor John Paulson will host a Florida fundraiser for Donald Trump next month, as the former president tries to match Joe Biden’s money operation and pay for a growing pile of legal bills and
Three months after Florida’s private intercity passenger train system, Brightline, disclosed a 21% decline in projected ridership for 2024, it’s cutting its forecast again. The Fortress Investment Group-backed Brightline now anticipates carrying a combined 4.9 million passengers this year on its new long-distance service between Miami and the Orlando airport and the five-year-old South Florida
The municipal primary market was active Tuesday while triple-A scales were little moved despite U.S. Treasury gains ahead of the Federal Open Market Committee meeting conclusion Wednesday. Various large new-issues were well-received and cleared the market Tuesday, with several repricing to lower yields. Despite several larger deals entering the primary, the large amounts of cash
The Puerto Rico Oversight Board’s proposed Puerto Rico Electric Power Authority plan of adjustment is in the hands of U.S. District Court Judge Laura Taylor Swain, while some observers expect an appeals court to overturn rulings underlying the plan, which would force a revision. After final oral arguments were made Monday, Swain said she would
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Microsoft has hired Mustafa Suleyman, the co-founder of Google’s DeepMind and chief executive of artificial intelligence start-up Inflection, to run a new consumer AI unit. Suleyman, a British entrepreneur who co-founded DeepMind in London in
Stay informed with free updates Simply sign up to the US politics & policy myFT Digest — delivered directly to your inbox. Donald Trump, still no more than a candidate for the US presidency, may soon hand his friend, Vladimir Putin, victory over Ukraine. This would be incredible if one were not used to such
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Jeremy Hunt has hinted that the UK government may hold the next general election in October, which would give the ruling Conservative party less than seven months to turn around its dire position in the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rachel Reeves, the shadow chancellor, will on Tuesday set out new rules pledging that a Labour government would aim to borrow only to invest as part of an agenda to inject greater “stability” into policymaking.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Google DeepMind has developed a prototype artificial intelligence football tactician in collaboration with Premier League club Liverpool, in the latest push to use the technology to master the ebb and flow of big-money sports. The
The Securities and Exchange Commission’s new climate rule will hack away at the SEC’s already well-established materiality standard and will mandate disclosure rules that work for Wall Street banks but have little relevance to many public companies across the country. That’s according to local leaders from Tennessee testifying during the House Financial Services Subcommittee on
In this article RDFN Follow your favorite stocksCREATE FREE ACCOUNT Westend61 | Westend61 | Getty Images While inflation is 10 times higher now than 60 years ago, home prices are 24 times more expensive, a new study found. If home prices increased at the same rate as inflation since 1963, the median price of a
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Benjamin Netanyahu insisted Israel would launch a ground assault on Rafah, despite pressure from the US not to carry out a major operation in the Gazan city where hundreds of thousands of people are sheltering.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump has said in a long tirade on social media that he might need to sell his assets to postpone enforcement of a $464mn fraud judgment, after his lawyers declared they could not find
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK tax authority has been condemned for a “misguided” decision to slash the number of its public helplines, with warnings that millions of taxpayers could face “long waiting times and lots of hassle”. HM
The average annual Wall Street bonus slipped 2% to $176,500 in 2023 from the $180,000 average reported in the prior year, according to New York State Comptroller Thomas DiNapoli’s annual estimate released Tuesday. While profits at Wall Street firms increased 1.8% last year, DiNapoli said securities companies have taken a more cautious approach to compensation.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Conservative party has been fined almost £11,000 by the UK electoral watchdog after it failed to report accurately non-cash donations from a donor for three years. Donations in the form of a seconded employee
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This article is an on-site version of our Chris Giles on Central Banks newsletter. Sign up here to get the newsletter sent straight to your inbox every Tuesday Today, Japan ended an eight-year period of negative interest rates after gaining confidence that the country has defeated deflation for good. More on that below. Similar fireworks
The political headaches that have long plagued Build America Bonds in the form of annual subsidy cuts may dampen interest in President Joe Biden’s new direct-pay tax credits while highlighting the value of the traditional tax exemption and even sparking new infrastructure finance proposals, market experts said. “The exposure to the vacillations of the federal