CashNews.co Stay informed with free updates Simply sign up to the Fund management myFT Digest — delivered directly to your inbox. Apollo Global Management and State Street are combining forces to launch an exchange traded fund that invests in both public and private credit, in the latest effort by giant investment firms to sell alternative […]
Italy to review corporate governance rules after shareholder pressure #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Italy is open to reviewing its controversial new rules on corporate governance after growing pressure from institutional investors who have called on Giorgia Meloni’s government to rethink parts of its capital markets law. Treasury […]
Brookfield to invest up to $1.1bn in e-fuels start-up Infinium #NewsMarket
CashNews.co This article is an on-site version of our Energy Source newsletter. Premium subscribers can sign up here to get the newsletter delivered every Tuesday and Thursday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters Good morning and welcome back to Energy Source, coming to you from New York and Oslo. It is […]
Volatility, thy name (probably isn’t) leveraged ETF #NewsMarket
CashNews.co Markets have been choppier lately, and once again some people think leveraged ETFs are exacerbating it. After all, even the Bank of England thinks they might be a bit dangerous. Robin might not be blaming them, but he’s not a fan either. And he reckons the leveraged Microstrategy ETF launched last month might be […]
Ex-Glencore executives appear in court on corruption charges #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Glencore’s billionaire ex-head of oil and five other former executives appeared in a London court for the first time to face corruption charges over the UK-listed commodity trader’s business in Africa. Alex Beard, 57, […]
AngloGold to buy Centamin for £1.9bn in blow to London stock market #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. AngloGold Ashanti has agreed a £1.9bn deal to take over rival gold miner Centamin in a step towards consolidation in precious metals mining that also deals a blow to the London stock market. If […]
Abrdn and Schroders turn to finance chiefs in bid to revive fortunes #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Abrdn and Schroders named new chief executives on Tuesday, with both UK asset managers turning to finance directors as the pressure to cut costs and revive profits intensifies. Abrdn handed Jason Windsor, its former […]
Alibaba will get a boost from China’s mainland traders #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. China’s largest ecommerce group has been one of the worst performing stocks in the region in recent years. But up until its 2020 peak, there were long stretches where Alibaba stock delivered handsomely for […]
BoE urged to sell more short-dated gilts to boost market liquidity #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Bank of England should broaden the range of bonds it sells in order to boost market liquidity when it lays out plans to scale back the size of its balance sheet next week, […]
Javier Milei’s tax amnesty lures Argentines to declare hidden millions #NewsMarket
CashNews.co Argentines are declaring hundreds of millions of dollars of previously hidden savings in a tax amnesty that libertarian President Javier Milei hopes will boost the country’s moribund economy and scarce foreign exchange reserves. Private deposits in dollars into Argentina’s banks are accelerating ahead of the scheme’s first-phase deadline on September 30, although data has […]