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 […]
Tesla, bitcoin and dollar jump as investors pile into ‘Trump trades’ #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 Bitcoin hit a fresh record, the US dollar rose to a four-month high and Tesla shares jumped, as investors raised bets on the big winners from Donald Trump’s US presidential election victory. […]
Fund manager Terry Smith’s pay falls to £28mn #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Terry Smith, one of the UK’s most renowned stockpickers, took a pay cut for the second consecutive year, receiving almost £28mn from his investment business. The Mauritius-based fund manager’s investment boutique Fundsmith reported a […]
China’s $1.4tn fiscal package fails to excite #NewsMarket
CashNews.co Donald Trump’s election victory has sent shockwaves across the renewable energy industry, and China has announced fiscal stimulus to bail out local governments. Bitcoin hit $80,000 for the first time as cryptocurrency investors anticipate looser regulations under Trump, and Argentina’s legal battles could complicate President Javier Milei’s attempts to fix the country’s struggling economy. […]
Colombia battles to diversify economy away from oil and gas #NewsMarket
CashNews.co Colombia has been pushing to wean its economy off fossil fuels since it installed its first leftist president more than two years ago. But it has struggled to move more into agriculture, tourism, and renewable energy industries. “Without a doubt, in order to substitute the revenues from fossil fuels, the economy must be diversified,” […]
JPMorgan launches European version of JEPI, the largest active ETF #NewsMarket
CashNews.co Stay informed with free updates Simply sign up to the Exchange traded funds myFT Digest — delivered directly to your inbox. Latest news on ETFs Visit our ETF Hub to find out more and to explore our in-depth data and comparison tools JPMorgan Asset Management has added two US equity income-focused strategies to its […]
UN climate talks host Azerbaijan plans to increase oil and gas production #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Azerbaijan’s state oil and gas company is planning to increase new production of fossil fuels at the same time as Baku pushes other countries for climate action as host of the UN COP29 summit […]
Asset managers face growing scrutiny over sustainability claims #NewsMarket
CashNews.co Asset managers have not always crowned themselves in glory when it comes to sustainable investing. At best, they have been accused by environmental campaigners of an indifference towards using their influence as investors to save the planet. And, at worst, they have been called out for falsely marketing their funds as ‘green’ to tap […]
Trump victory leaves Wall Street giddy #NewsMarket
CashNews.co Welcome to FT Asset Management, our weekly newsletter on the movers and shakers behind a multitrillion-dollar global industry. This article is an on-site version of the newsletter. Subscribers can sign up here to get it delivered every Monday. Explore all of our newsletters here. Does the format, content and tone work for you? Let […]
the slow race to build a UK sovereign wealth fund #NewsMarket
CashNews.co In the race to unite the UK’s sprawling local government pension funds, Simon Radford is a frontrunner. As chair of Barnet’s £1.4bn council pension scheme, he is willing to cede investment control of the London borough’s retirement pool in order to boost returns. “It’s natural as a local councillor when you get elected and […]