CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Indonesia’s central bank has unexpectedly cut interest rates despite a weakening rupiah, citing slowing growth momentum in south-east Asia’s largest economy. Bank Indonesia on Wednesday reduced its benchmark interest rate by 0.25 percentage points […]
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. BlackRock attracted a record amount of new money in each of the final two quarters of 2024, driving net inflows at the world’s largest asset manager to $641bn for the full year. The company […]
CashNews.co Stay informed with free updates Simply sign up to the Fund management myFT Digest — delivered directly to your inbox. One of the world’s largest multilateral green funds has hailed “a new era for climate finance” after issuing its first bond to help raise the trillions of dollars needed to combat global warming. The […]
CashNews.co Stay informed with free updates Simply sign up to the US inflation myFT Digest — delivered directly to your inbox. US stocks and bonds rallied after data published on Wednesday showed underlying price pressures in the world’s largest economy easing more than expected, prompting investors to bet on swifter interest rate cuts this year. […]
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The chief executive of Janus Henderson has criticised the US hedge fund that is attempting to take over the management of seven UK investment trusts as “very aggressive”. Ali Dibadj, who leads the $382bn […]
CashNews.co Saudi Aramco is to expand its investments in lithium production, officials in Beijing are discussing using Elon Musk as a broker in a potential sale of TikTok’s US operations, and KPMG could soon begin offering legal services in the US. Plus, Syria has been flooded with imports in the aftermath of Bashar al-Assad’s ousting. […]
CashNews.co Murray Auchincloss promised he knew “exactly what we need to do to grow the value of BP” when he was formally appointed chief executive of the UK oil group this time last year. It hasn’t worked. BP’s shares have dropped more than 7 per cent over the past 12 months, while its biggest rivals […]
CashNews.co Greenland’s mining minister has warned Donald Trump’s proposal to buy the Arctic territory could be “devastating” for its minerals pitch to international investors. Naaja Nathanielsen told the Financial Times the US president-elect’s rhetoric, and in particular his refusal to rule out using force to take over the island, risked damaging its image as a […]
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Gilt investors have told the UK’s Labour government that it may need to increase taxes further if it is to retain credibility with the bond market after its borrowing costs rose to their highest […]
CashNews.co Stay informed with free updates Simply sign up to the Fund management myFT Digest — delivered directly to your inbox. UK multimillionaire Jonathan Ruffer has admitted that his eponymous investment boutique has “failed to meet its objectives” for customers for a second year in a row by delivering less than returns on cash. Ruffer, […]