The US has imposed sanctions on Los Choneros, a feared Ecuadorean crime syndicate, and its fugitive leader José Adolfo Macías. Once a relatively tranquil country popular with foreign retirees, Ecuador is currently tackling a crime wave that has seen the murder rate increase nine-fold since 2017. “Drug trafficking gangs such as Los Choneros, many with
In this article NYCB Follow your favorite stocksCREATE FREE ACCOUNT The New York Community Bank (NYCB) headquarters in Hicksville, New York, US, on Thursday, Feb. 1, 2024. Bing Guan | Bloomberg | Getty Images Embattled lender New York Community Bank disclosed a litany of financial metrics in the past 24 hours in a bid to
An active primary market was the focus Wednesday with the New York City TFA pricing for institutions with small changes to yields from its Tuesday retail offering, Massachusetts upsizing its GO refunding deal and Wisconsin selling green bonds in the competitive market. Triple-A muni yield curves were mostly little changed to a basis point of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK chip designer Arm beat Wall Street estimates for revenue and boosted its full-year forecast on Wednesday, sending the shares up about 20 per cent in after-hours trading. The company’s revenue of $824mn was up
Stay informed with free updates Simply sign up to the US foreign policy myFT Digest — delivered directly to your inbox. A US drone strike in Iraq killed the commander of a powerful Iranian-backed militia, the latest retaliatory move by American forces following an attack on a base that killed three US soldiers last month.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Labour leader Sir Keir Starmer was criticised by environmental campaigners on Thursday for abandoning his target to spend £28bn a year on green investment after weeks of confusion about the flagship policy. Starmer is poised
Bill Ackman, Pershing Square Capital Management CEO, speaking at the Delivering Alpha conference in New York City on Sept. 28, 2023. Adam Jeffery | CNBC Pershing Square’s Bill Ackman is set to offer a new investment vehicle listed on the New York Stock Exchange, aiming to leverage his following among Main Street investors. The hedge fund
Stay informed with free updates Simply sign up to the US foreign policy myFT Digest — delivered directly to your inbox. Senate Democrats are set to mount a last-gasp push to secure new funding for Ukraine, as the White House warned that there was “no alternative” to US backing for Kyiv’s war effort. The rush
Stay informed with free updates Simply sign up to the Middle Eastern politics & society myFT Digest — delivered directly to your inbox. Saudi Arabia has reiterated that it would not normalise relations with Israel without western recognition of an independent Palestinian state, in an apparent warning to the US against overselling the prospect of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israeli Prime Minister Benjamin Netanyahu has rejected as “delusional” Hamas’s conditions for a deal to release the hostages it holds in Gaza, warning that accepting the terms would lead to “another massacre”. In a press
D3sign | Stone | Getty Images Extreme weather and climate hazards are becoming more frequent, posing a unique threat not only for homeowners, but for renters. Over 18 million rental units across the U.S. are exposed to climate and weather-related hazards, according to the latest American Rental Housing Report from Harvard University’s Joint Center for
Law firm McGuireWoods has hired Jackie Wells, a former director in the enforcement department of the Financial Industry Regulatory Authority, as part of the continued expansion of its securities enforcement and regulatory counseling practice. Wells, who joins the international law firm’s New York office as counsel, spent eight years at FINRA, the private corporation that
Rating agencies affirmed Denver Health and Hospital Authority (DHHA) bonds at BBB with stable outlooks, citing improved operating performance. The affirmations came in the wake of concerns raised last month by the public safety net health system that an influx of migrants from the southern border was contributing to escalating uncompensated care costs. Denver Health
Stay informed with free updates Simply sign up to the Monetary policy myFT Digest — delivered directly to your inbox. The writer is chair of the House of Commons Treasury select committee When the Bank of England voted to implement quantitative tightening in September 2022, it put the UK economy in uncharted territory — particularly
As infrastructure funding hangs up in obligation limitations and contract authority rules, state governments and federal lawmakers are already eyeing the possibility of reauthorizing the Bipartisan Infrastructure Law. The $1.2 trillion BIL, also known as the Infrastructure Investment and Jobs Act, represents the crowning legislative achievement for the Biden Administration. But the inflation unleashed by
Gilt-edged Washington Suburban Sanitary District, Maryland, is offering $329 million of revenue bonds via a competitive sale Thursday that may help set the tone for triple-A yield curves that have been contending with U.S. Treasury market volatility in recent sessions. The consolidated public improvement debt is being issued under the supervision of the Washington Suburban Sanitary
Municipal bonds are part of an Illinois city’s plan to help the local casino build a bigger venue at a new location. In its current form, Aurora’s Hollywood Casino occupies a barge tethered near downtown on the Fox River. The city wants to build a brand new casino resort about five miles away, near an
Stay informed with free updates Simply sign up to the Chinese politics & policy myFT Digest — delivered directly to your inbox. Beijing has removed the powerful Communist party boss and chair of its securities regulator as authorities battle plunging confidence in Chinese stock markets. The Communist party’s central committee replaced Yi Huiman with Wu
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. How much of a mandate for change does a new government need? Is it enough simply to have won an election or does it require more detailed permission for the tougher parts of its political
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Hamas is demanding a four-and-a-half month ceasefire in Gaza, an Israeli military withdrawal from the territory and the release of at least 1,500 Palestinians prisoners as part of a proposed three-phase deal to secure the
Thianchai Sitthikongsak | Moment | Getty Images Mortgage demand is struggling to contend with what appears to be another upswing in interest rates. Homebuyers in particular are pulling back. Total mortgage application volume rose 3.7% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. That was all due