Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. McKinsey claimed in marketing materials that it had advised the Chinese central government on boosting domestic consumption and reforming healthcare policy, raising fresh questions over the consulting firm’s denial that it ever worked for Beijing.
Broker dealers are divided over whether small firms should be dealt more relaxed regulation and compliance standards, or be subject to uniform standards that treat large Wall Street banks and single person firms the same in the eyes of the Municipal Securities Rulemaking Board. The dueling sentiments came through in response to the MSRB’s request
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The S&P 500’s record-breaking start to the year was followed last week by the Stoxx Europe 600, which hit an all-time high and surpassed its previous peak in January 2022. Stock watchers are used to
Apartments are seen undergoing construction on February 28, 2023 in Austin, Texas. Brandon Bell | Getty Images The apartment market is finally loosening up. At the same time, competition is heating up in some key markets. There is an enormous supply of new apartments coming online this year. And rents have fallen for six straight
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The number of international students taking up postgraduate places at UK universities has fallen sharply, according to commercial data that sparked further warnings about the financial health of the higher education sector. The figures from
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Carlyle Group has hired Jeff Currie, the former Goldman Sachs global head of commodities research who predicted a mid-2000s boom in oil prices, to help the US private capital group invest behind big trends in
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Goldman Sachs chief executive David Solomon has warned investors not to get too confident that the Federal Reserve can engineer a “soft landing” for the US economy in its battle to tame inflation. Speaking at
When Illinois Comptroller Susana Mendoza this month launched a new online portal to track state spending on asylum seekers, state residents gained a window onto a major piece of the local government spending pie, with the city of Chicago and Cook County also spending millions on the migrant crisis. As of Feb. 27, the new
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Germany’s deputy chancellor said there was “no chance” of sending ground troops to Ukraine and, in a rebuff to France, told Paris it should instead supply Kyiv with more weapons. Robert Habeck rejected French
Guam Waterworks Authority plans to refund between $134 million and $159 million of revenue bonds and offer a tender on $161.1 million of taxable bonds. “Guam bonds, the only investment-grade, triple tax-exempt paper on the market, always garner excitement amongst investors,” said Lester Carlson, director of Guam’s Bureau of Budget and Management Research. “We anticipate
Changes in leadership at the U.S. Treasury haven’t changed the fact that the Office of Tax Policy is still missing a go-to expert with a deep background in tax-exempt bonds, leaving lawyers and other stakeholders to adjust and with some worries it could eventually be a problem. The OTP is responsible for developing and implementing
Stay informed with free updates Simply sign up to the Russian politics myFT Digest — delivered directly to your inbox. Russia has sentenced a prominent human rights activist to two-and-a-half years in prison, in the latest sign of President Vladimir Putin’s increasingly brutal crackdown on critics of his regime. Oleg Orlov, head of the banned
The homebuilding industry is in a race to make its homes environmentally cleaner and more energy efficient. Real estate as a whole is a massive carbon offender. Both the construction and operation of buildings account for 40% of global carbon emissions. Solar panels and energy-efficient appliances help cut emissions, but more needs to be done
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Shein is considering London as a back-up option for a blockbuster flotation if US regulators block the online fast-fashion group’s preferred choice of a New York IPO over its ties to China. The Singapore-headquartered company
Interstate 35, which cuts through the heart of downtown Austin, Texas, is set to undergo a major expansion that state transportation officials say is necessary to bring relief to one of the state’s most clogged highways that will only get more congested as the population continues to grow. Austin has seen its population double every 20
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Two large Apple investors are seeking more information about the company’s artificial intelligence risks as tech companies’ ambitions in the fast-growing sector face mounting investor scrutiny. Norges Bank Investment Management and Legal & General, Apple’s
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK electronics retailer Currys has rejected an improved bid from the US investment group Elliott Management, saying that the offer continued to “significantly undervalue the company and its future prospects”. The new bid from Elliott
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is professor of government at Georgetown University and co-author of ‘Underground Empire’ Markets are now battlefields and the EU is scrambling to protect itself. From investment screening to export controls, Brussels is hard at
Stay informed with free updates Simply sign up to the US politics & policy myFT Digest — delivered directly to your inbox. If we designed a candidate to win the US presidential election in November, he or she would be . . . what? More conservative than Joe Biden. Less frightening than Donald Trump. Young enough to represent
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. TikTok users’ obsession with viral outfits helped Shein to a private valuation of $66bn in its last fundraising. But replicating that figure in the public markets is proving tougher than expected. The fast-fashion group is
Stay informed with free updates Simply sign up to the Private equity myFT Digest — delivered directly to your inbox. European private equity group EQT has raised €22bn for the largest buyout fund in its 30-year history, following other marquee names in managing to raise substantial sums of money when many other firms are struggling.