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 […]
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 markets fell on Monday after a fiscal stimulus package announced by authorities last week to help shore up its economy underwhelmed investors. Hong Kong’s Hang Seng index declined 2.1 per cent, while mainland […]
CashNews.co Haiti’s transitional council has removed the country’s interim prime minister, Garry Conille, amid an escalating gang war that a Kenya-led international police force has failed to quell. Conille, a former UN development official installed in May, will be replaced with Alix Didier Fils-Aimé, a local businessman who once ran for the senate. The announcement, […]
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Iran has started implementing rolling power blackouts across the country as the Islamic republic struggles with a shortage of natural gas ahead of winter. Two-hour daily outages will be enforced in Tehran, the capital […]
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 has hit $80,000 for the first time as Donald Trump recorded victories in Nevada and Arizona in the US election, marking a clean sweep of the seven swing states for the […]
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Japan’s top currency diplomat said the government was ready to take action against “excess moves” in the yen as Asian currencies showed further weakness against a resurgent US dollar in the wake of Donald […]
CashNews.co Hot on the heels of Donald Trump’s decisive US presidential election victory and a Federal Reserve interest rate decision, inflation data on Wednesday may provide clues for investors about the future path of monetary policy. Economists polled by Reuters are expecting October’s consumer price index growth to come in at 2.6 per cent year-on-year, […]
CashNews.co US oil executives are eagerly awaiting Donald Trump’s expected rollback of environmental regulations, but despite the president’s pledge to “drill, baby, drill”, production is unlikely to increase significantly during his second term in office. Trump made energy policy a pillar of his campaign, vowing to slash red tape and unshackle US oil producers to […]
CashNews.co In spring this year, Elliott Management, the $70bn US hedge fund known for circling distressed assets, alighted on a new target: Britain’s largest water company. After scooping up hundreds of millions of pounds of Thames Water’s debt from panicked asset managers willing to sell at a discount, Paul Singer’s Elliott is now one of […]
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Business secretary Jonathan Reynolds has held urgent talks with British Steel’s Chinese owner, as ministers prepare to raid Labour’s £2.5bn “green steel” war chest to try to persuade the company not to close its […]