At a San Francisco hotel on Wednesday evening, Chinese President Xi Jinping delivered a message to US business that got a standing ovation: China is a big market and a friend. Crowding into the Hyatt Regency to meet the Chinese leader were Elon Musk of Tesla, Tim Cook of Apple and Albert Bourla of Pfizer,
“In finance, names can be a bit misleading,” intones an American-accented voiceover on a promotional video for the London Stock Exchange Group. “Take ours, for instance,” it continues. Black cabs driving around London carry adverts showing the company’s logo alongside pictures of the Eiffel Tower and the Statue of Liberty. The video cites the 190
Israeli president Isaac Herzog has said that his country cannot leave a vacuum in Gaza and would have to maintain a “very strong force” in the coastal enclave for the near future to prevent Hamas re-emerging in the besieged strip. In an interview with the Financial Times, Herzog said the government was discussing many ideas
A year ago Bobby Jain, a top executive at Millennium Management who was regarded by many at the hedge fund as a potential successor to Izzy Englander, abruptly departed. It had become clear to him that the firm’s 75-year-old founder was not going anywhere. Englander had also grown uncomfortable with the idea of one person
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. The writer is an FT contributing editor, the chair of the Centre for Liberal Strategies, Sofia, and fellow at IWM Vienna “Nobody believes in our victory like I do,” declared Ukrainian president Volodymyr Zelenskyy
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. So where did the currency wars go? The renminbi and yen are at their weakest against the dollar since 2008 and 1990, respectively. The Chinese current account surplus, properly measured, is probably at or approaching
A recent video from blockchain security firm CertiK made a series of “inaccurate” claims about a potential security vulnerability in Solana’s crypto-enabled Saga phone, Solana Labs has said. In a Nov. 15 post on X (formerly Twitter), CertiK claimed the Saga phone contained a “critical vulnerability” known as a “bootloader unlock” attack which would supposedly
Guidelines for firms listing and delisting cryptocurrencies in New York have tightened up to better protect investors, according to the state’s financial regulator. The New York State Department of Financial Services (NYDFS) unveiled new restrictions on Nov. 15 which mandate crypto companies submit their coin listing and delisting policies for NYDFS approval. Company policies will
Solana (SOL) has reached new yearly highs, gaining more than 17% the day after ARK Invest CEO Cathie Wood lauded the network for its efficiency and cost-effectiveness. In a Nov. 15 CNBC interview, Wood described the Solana network as a major infrastructure player in the wider blockchain ecosystem and added it had been doing a
Grayscale Investments is using its Ether (ETH) futures exchange-traded fund (ETF) application as a “trojan horse” to corner the United States Securities and Exchange Commission into approving its spot Ether ETF, says Bloomberg ETF analyst James Seyffart. Seyffart said in a Nov. 15 X (Twitter) post following the SEC delaying Grayscale’s ETH futures ETF bid
Stay informed with free updates Simply sign up to the US-China relations myFT Digest — delivered directly to your inbox. US President Joe Biden and his Chinese counterpart Xi Jinping have reached an agreement to resume communications between their countries’ militaries at a summit in San Francisco designed to stabilise relations after several years of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. With a unanimous legal blow, the UK Supreme Court toppled the central pillar of the Conservative government’s plan to deliver one of its top political promises: to “stop the boats”. Justices ruled that deporting to
The US, UK, and Russia abstained from voting on a successful UN Security Council resolution on Wednesday, which called for “urgent and extended” humanitarian pauses in the Gaza Strip. The resolution, sponsored by Malta, does not mention a ceasefire, and softened language from a previous draft, turning a “demand” for pauses into a “call”. The
As we approach Bitcoin’s (BTC) halving in April, a phenomenon that historically triggers significant market shifts, companies within the space are at a critical juncture. This event is surrounded by speculation and strategic planning, and for some, a sense of uncertainty. While it’s laden with opportunities, it’s vital for businesses to adopt a balanced approach,
On Nov. 15, several altcoins continued to show strength alongside Bitcoin (BTC), which notched an intra-day high at $37,400. Leading into the week, DYDX, Solana’s SOL (SOL) and Avalanche’s AVAX (AVAX) currently reflect double-digit gains, with each chasing after new year-to-date highs. The sustained bullish price action from altcoins has led some analysts to declare
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 on Wednesday suffered a major rebellion over his stance on the Israel-Hamas war, as 10 frontbenchers quit and 46 other MPs defied him to back a parliamentary motion calling for
Stay informed with free updates Simply sign up to the US-China relations myFT Digest — delivered directly to your inbox. A Shanghai-based manufacturer of advanced laser sensors for cars has accused the Biden administration of fostering a “xenophobic” environment for Chinese investors that will leave the US at risk of losing out on automotive innovation.
Municipals were mostly steady Wednesday as investors worked through more new-issue paper in the primary while U.S. Treasuries lost ground after Tuesday’s rally. Equities were mixed near the close. The dust settled Wednesday following Tuesday’s rally, as municipals were flat, according to a New York trader. “Everyone is reevaluating and taking a breather after the
A new report from blockchain security platform Immunefi suggests that nearly half of all crypto lost from Web3 exploits is due to Web2 security issues such as leaked private keys. The report, released on November 15, looked back at the history of crypto exploits in 2022, categorizing them into different types of vulnerabilities. It concluded
Stay informed with free updates Simply sign up to the US-China relations myFT Digest — delivered directly to your inbox. Joe Biden and Xi Jinping have begun a high-profile summit in San Francisco in a renewed attempt to stabilise US-China relations after several years of rising tensions and mounting concern about a possible conflict over
The company responsible for meeting obligations on $250 million of green bonds issued in Alabama in 2022 may not be able to do so by December, it said in a recent disclosure filing. The Industrial Development Authority of Sumter County issued the exempt facilities revenue bonds to bankroll a production plant for wood pellet maker