CashNews.co Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world US liquefied natural gas exports are emerging as an early bargaining chip in a potential deal between Brussels and Washington that would send more energy to Europe in exchange for dissuading Donald […]
ETF flows smash full year record #NewsMarket
CashNews.co Calendar year inflows into exchange traded funds surpassed their previous full-year record at the end of October, even before a buying spree that was ignited by the election of Donald Trump as the next US President. Barring a sharp turnaround, the final full-year net flows tally looks destined to be meaningfully higher still, after […]
Value of global crypto market tops $3tn for first time in 3 years #NewsMarket
CashNews.co Herbert Smith Freehills is to combine with US-based Kramer Levin to form one of the top 20 global law firms by headcount, in a further sign of consolidation among mid-sized firms on either side of the Atlantic. The new firm, which is to be known as Herbert Smith Freehills Kramer, abbreviated as HSF Kramer […]
UK made legal error in granting oil and gas licences, companies will admit #NewsMarket
CashNews.co Stay informed with free updates Simply sign up to the Oil & Gas industry myFT Digest — delivered directly to your inbox. Three oil and gas companies are set to concede that the UK government made a legal error in granting them licences for two major new offshore developments, at the start of a […]
The ‘Tesla-financial complex’ roars back to life #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Investors who were betting against Tesla have had a rough few days, Bloomberg writes: Hedge funds that had short positions against Tesla between election day and Friday’s close took an on-paper hit of at […]
Citadel poaches Elliott Management veteran Nabeel Bhanji #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Ken Griffin’s hedge fund Citadel has hired Nabeel Bhanji, a long-standing London-based portfolio manager at Elliott Management who worked on some of the activist hedge fund’s most high-profile international campaigns. Bhanji, who was an […]
Treasury yields are red flag for markets’ Trump euphoria #NewsMarket
CashNews.co Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world High growth, high interest rates and high inflation as a combination did not work out so well for Joe Biden and Kamala Harris. Will Donald Trump fare any better? Last week, equity […]
Mixed news on China’s stimulus #NewsMarket
CashNews.co 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 Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT […]
FTX sues Binance and former chief Zhao for $1.8bn #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Collapsed crypto exchange FTX is suing Binance and its former chief executive Changpeng Zhao for $1.8bn, over an allegedly “fraudulent” share deal. The dispute relates to a July 2021 deal in which Binance, Zhao […]
Australian gold miner’s shares plunge after chief executive detained in Mali #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Shares of gold producer Resolute Mining plunged more than 30 per cent on Monday after the company said its chief executive Terence Holohan and two other employees had been detained in Mali. The executives […]