A Houston City Council vote Wednesday on initial financing for a $2.55 billion terminal renovation project at George Bush Intercontinental Airport was once again stalled by the city controller’s office. An advisory from Mayor John Whitmire’s office late last week indicated the city was finally ready to move the project forward with the placement of
Andrew Belinfanti Knight has been hired by Siebert Williams Shank as a managing director of public finance, the firm announced on Wednesday. A 16-year veteran of the municipal bond sector, he will work out of the firm’s Los Angeles office. Belinfanti Knight has worked on over $20 billion of senior managed transactions in municipal finance
In this article Follow your favorite stocksCREATE FREE ACCOUNT Sonali Pier is a portfolio manager with Pimco Pimco’s Sonali Pier strives for outperformance. The youngest of three and the daughter of Indian immigrants, Pier set her sights on Wall Street after graduating from Princeton University in 2003. She began her career at JPMorgan as a
The deal to move two major league sports teams out of D.C. and into a new arena built on bonds in Northern Virginia is looking less than likely to happen. The $2 billion public private partnership would move towards existence with a budget approval by the Virginia State Legislature, but Senate Finance and Appropriations Chairwoman
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK government has brought a High Court action to disqualify Lex Greensill as a director, court records show. The action brought on Thursday came after the Insolvency Service recently completed an investigation into the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The woman who accused Red Bull Racing chief Christian Horner of inappropriate behaviour has been suspended from her role at the Formula One team, according to a person with direct knowledge of the matter. Her
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Property tycoon René Benko, founder of the Signa group, has filed for personal insolvency in Austria, as a corporate empire that spanned luxury properties and department stores across Europe and the US unravels in the
Stay informed with free updates Simply sign up to the UK inflation myFT Digest — delivered directly to your inbox. UK businesses reported easing wage growth expectations in February, according to a closely watched survey by the Bank of England that will support hopes of interest rate cuts later this year. Wages are forecast to
West Virginia’s general revenue collections came in at $283.4 million in February, $30.62 million below the official estimate. February was the eighth month of fiscal 2024 and cumulative collections for the fiscal year of $3.581 billion so far are $428.1 million ahead of forecasts. “While February’s revenue came in slightly below our expectations, it’s important
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 has left interest rates on hold despite cutting its forecasts for inflation and growth, as the eurozone’s ailing economic outlook failed to convince policymakers that price pressures had been tamed. The
Cabrera Capital Markets is welcoming three new public finance hires who are joining the firm from UBS. Shawn Dralle, Shawnell Holman and Chris Bergstrom together bring more than 75 collective years of investment banking experience to Cabrera Capital. The hires are part of Cabrera Capital’s nationwide growth, with Dralle working out of Los Angeles as
Stay informed with free updates Simply sign up to the Technology sector myFT Digest — delivered directly to your inbox. The plaintiff is conflicted. The legal arguments appear tenuous. And, in places, the 35-page lawsuit that Elon Musk filed last week with the Superior Court of California against OpenAI reads like a mash-up between a
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Pensioners and higher-income Britons will end up being the big losers from tax and benefit changes pushed through in the current parliament, pointing to a striking shift in political strategy by the governing Conservative party.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nothing screams For Sale louder than a cheap sticker price. A number of listed UK companies seem priced for a quick sale. On Thursday, Britain’s largest private building society Nationwide announced it had provisionally agreed
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. For now, Dutch prime minister Mark Rutte can still be spotted around The Hague mopping up his own coffee spills, teaching a weekly social studies class at a mostly immigrant high school, or puttering about
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Biden administration will target billionaires and corporate America with sweeping tax rises as part of a plan to cut the US’s record national debt and boost the president in the polls ahead of November’s
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. This article is an on-site version of our Inside Politics newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday Good morning. The Budget is about setting the Conservative party
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Jeremy Hunt said he was looking at ways to dispense with national insurance contributions altogether as he battled criticism he was presiding over continued tax rises for the British public. The chancellor raised the prospect
Stay informed with free updates Simply sign up to the Chinese trade myFT Digest — delivered directly to your inbox. China’s foreign trade grew faster than expected in the first two months of this year, driven partly by electronics and increased exports to emerging markets and Russia, with Beijing’s foreign minister touting “a new paradigm”
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nationwide Building Society has reached a preliminary agreement to buy Virgin Money in a £2.9bn deal that would bolster its ability to challenge the UK’s big four banks. Nationwide is offering a total of 220p
Rashad has clashed with family about the US for as long as he can remember, defending America as a “force for good” when relatives railed against US military interventions. When they complained that Washington pushed “liberal values” down Arab throats, Rashad replied that someone had to support human rights in an illiberal region. But “everything