Enjoy complimentary access to top ideas and insights — selected by our editors. The top five bond financings in the ranking have an average dollar volume of more than $957 million. The top 20 bond financings have a cumulative amount of more than $11 billion. Scroll through to see which bond financings are in the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK economy returned to growth in January helped by the expansion of the services sector, following a technical recession in the second half of 2023. Gross domestic product rose 0.2 per cent between December
At first, it was Lazard and Rothschild that Roger Altman’s boutique New York investment bank Evercore had in its sights. Almost three decades after its founding, the firm is instead closing the gap with Goldman Sachs, JPMorgan and Morgan Stanley on its core business of deal advice. Last year, the firm’s advisory fees put it
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Japanese companies including Honda, Nippon Steel and ANA Holdings have granted workers their biggest pay rise in more than three decades, underlining the inflationary trend and bolstering the case for the Bank of Japan to
Stay informed with free updates Simply sign up to the UK tax myFT Digest — delivered directly to your inbox. A top London private equity lawyer has warned that Labour’s plan to raise the tax rate on buyout executives could be more damaging for the UK capital’s status as a dealmaking centre than Brexit. The
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The EU is readying a €7.4bn aid package for Egypt aimed at shoring up its economy, amid fears that the conflicts in Gaza and Sudan risk exacerbating financial troubles in the north African nation and
On the 14th floor of Israeli military headquarters in Tel Aviv, high up in the defence minister’s office, a large pyramid adorns the wall made up of images of Hamas’s top ranks. The title: “Status of leadership assassinations.” After five months of ferocious conflict in Gaza, those still alive greatly outnumber the mostly mid-ranking commanders
In the two years he’s served on Ukraine’s battlefield, Ilya has had just 25 days of leave. “Two years without a break, without rotation — of course, morale is low and it’s killing motivation,” said Ilya, who serves in an assault brigade. “We need either rotation or normal vacations to rest properly.” The soldier said
China is scrapping a string of infrastructure projects in indebted regions as it struggles to reconcile a need to save money with this year’s target for economic growth. Beijing has ordered a dozen highly indebted areas, many of them less-developed and far from the coast, to curb infrastructure spending as it tries to unwind a
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The government will introduce unprecedented legislation on Wednesday to quash all convictions in England and Wales relating to the Post Office scandal, one of the UK’s biggest miscarriages of justice. The bill, which the government
Ken Griffin expects Donald Trump to win the US election, saying his presidency would benefit investors, but declined to say whether he would now back the former president. The billionaire founder of hedge fund Citadel said if the election was held tomorrow, “he wins it”, referring to Trump. “I think for investors overall a Trump
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US national security adviser Jake Sullivan has warned the Israeli government against “smashing into Rafah” as the Biden administration underlines its opposition to the planned assault on one of Gaza’s biggest cities. The US was
Munis were steady as the primary market took focus with the $2.8 billion retail pricing from the Dormitory Authority of the State of New York. U.S. Treasuries were weaker and equities rallied after the Consumer Price Index showed inflation ticked up in February. Bond yields didn’t move much upon the CPI release, but Treasuries grew
The United Steelworkers union on Tuesday asked President Joe Biden to open a trade investigation into alleged Chinese unfair economic practices in the shipbuilding and maritime logistics sectors. The USW and other unions filed a petition with the US Trade Representative outlining alleged discriminatory practices that have helped China dominate global shipbuilding, according to people
Rishi Sunak is losing control and power is “seeping away”, say senior Conservative MPs, as the UK prime minister grapples with multiple political problems and dire poll ratings. A number of senior Tory MPs from across the party told the Financial Times that Sunak needed to get a grip of his Downing Street operation, with
President Joe Biden Monday proposed a fiscal 2025 budget that features a new capital program for airports, broadens the uses of capital transit dollars and chips away at a growing problem for states over the timing of the flow of highway funds. The Internal Revenue Service would see a funding infusion for enforcement, an issue
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Brexit has made it hard to invest in the UK, according to the head of the company behind the New York Stock Exchange — a one-time backer of the UK’s split from the EU. Jeffrey
Municipal issuers who’ve yet to make a habit of disclosing material climate-related risks may be at risk of violating the Securities and Exchange Commission’s antifraud provisions, following the rollout of its newly updated climate rule last week. The SEC’s new climate rules, reviled by many on both sides of the aisle for either doing too
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. EU countries are set to agree a new €5bn top-up to a fund used to finance military shipments to Ukraine, as the US managed to scrape together $300mn more in ammunition and artillery for
Former U.S. President Donald Trump speaks as he arrives at a Manhattan courthouse, for the trial of himself, his adult sons, the Trump Organization and others in a civil fraud case brought by state Attorney General Letitia James, in New York City, U.S., October 2, 2023. Brendan Mcdermid | Reuters Former President Donald Trump has
In the annals of royal family PR disasters, the bodged attempt by Catherine, Princess of Wales to release the perfect Mother’s Day portrait of herself and her three children by digitally altering an image, was hardly the worst. But it has had the opposite of the desired effect. Rather than providing reassurance about the princess’s