CashNews.co Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world It’s been a giddy week on Wall Street. Donald Trump’s thumping victory in the US presidential race has bankers and private equity titans dreaming that he will loosen the regulatory reins while […]
Binance boss hails crypto ‘golden age’ as Trump win fires up industry #NewsMarket
CashNews.co Binance’s chief executive has hailed Donald Trump’s US presidential win as the start of a “golden era”, as the crypto industry’s confidence soars that the election result marks a turning point in its acceptance in America. Trump’s success marked a “big win for crypto” that would result in an influx of new US regulators […]
Rachel Reeves plans to use £350bn council pension pot to boost UK economy #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rachel Reeves will next week set out plans to use the £354bn local government pension scheme to boost the UK economy, in a Mansion House speech intended to reassure the City of London that […]
Tiger-backed French fintech Qonto seeks €5bn valuation in share sale #NewsMarket
CashNews.co Stay informed with free updates Simply sign up to the Technology sector myFT Digest — delivered directly to your inbox. French fintech Qonto is talking to investors about a sale of existing shares that could value it at €5bn, the latest of such deals as companies seek to reward employees and early backers in […]
Morgan Sindall chief executive cuts back #NewsMarket
CashNews.co Stay informed with free updates Simply sign up to the Investments myFT Digest — delivered directly to your inbox. Morgan Sindall shares soared to an all-time high after publishing a strong trading update last month. It announced in the update that full-year results would be “significantly ahead” of its previous expectations. That was driven […]
DoJ investigates potential price-fixing in PVC pipe 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. The Department of Justice is investigating potential price-fixing in the market for PVC pipes, which follows allegations of a conspiracy in the $4bn market for municipal water pipes and so-called electrical conduit pipes made […]
Spanish central banker set to inherit big challenges as next BIS head #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 world’s top central bankers are this weekend expected to approve the appointment of Pablo Hernández de Cos, the former head of the Bank of Spain, as the next general manager of the Bank […]
US economy could ‘overheat’ under Donald Trump, warns bond giant Pimco #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 Pimco, one of the world’s biggest bond fund managers, has warned that US president-elect Donald Trump’s economic plans could lead to the economy “overheating” and could halt interest rate cuts, posing a […]
Brazilian real slump pressures Lula to take action on spending #NewsMarket
CashNews.co Brazil’s exchange rate to the dollar has dropped to near record lows, heaping further pressure on the leftwing government to introduce spending cuts quickly and calm mounting investor concerns over its commitment to fiscal discipline. After weeks of the currency declining, president Luiz Inácio Lula da Silva’s administration on Monday confirmed it would soon […]
how global manufacturers are braced for Trump’s tariffs #NewsMarket
CashNews.co For the world’s manufacturers, Donald Trump’s comeback to the White House essentially means only one thing: tariff wars. Trump has already threatened 60 per cent tariffs on China imports and blanket 10 or 20 per cent duties on all trading partners including the EU. “If I’m going to be president of this country, I’m […]