CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Lawyers for Israeli mining tycoon Beny Steinmetz have mounted a fresh attempt to have his bribery conviction overturned, with a cache of hacked documents they say proves alleged illegal behaviour by the Swiss prosecutor […]
Oxford endowment fund boss Sandra Robertson to give up investment role #NewsMarket
CashNews.co Stay informed with free updates Simply sign up to the Fund management myFT Digest — delivered directly to your inbox. Sandra Robertson, who has run Oxford university’s £6.5bn endowment fund since it was founded almost two decades ago, is stepping back as chief investment officer, according to three people familiar with thesituation. Robertson, who […]
Citadel Securities doesn’t want to be a member of the world’s most important club #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. For generations, becoming a US primary dealer was the bond market equivalent of getting the Master Mason rank in the Freemasons — a sign that you’ve arrived at the apex of fixed income. But […]
Speak your brains: CBDC edition #NewsMarket
CashNews.co Stay informed with free updates Simply sign up to the Fintech myFT Digest — delivered directly to your inbox. When designing a survey, a person can reference the huge body of academic research on best practices, or they can not. Here’s a demonstration of one of those approaches: Yes, OK. We’ve already had one […]
Global stocks rally after jumbo Fed cut #NewsMarket
CashNews.co Stay informed with free updates Simply sign up to the Equities myFT Digest — delivered directly to your inbox. Global stocks rallied on Thursday as investors bet that the Federal Reserve’s jumbo half-point rate cut would help deliver a soft landing for the world’s largest economy. In Europe, the Stoxx Europe 600 index rose […]
London and New York cocoa prices in rare divergence as shortages bite #NewsMarket
CashNews.co A frantic hunt by chocolate manufacturers for high-grade cocoa has left a backlog of old, poor-quality beans lying in London’s warehouses, leading to a rare divergence in prices between the UK and the US. Last month cocoa futures traded in New York rose strongly, peaking above $10,000 last week, while London prices fell, dipping […]
Private equity is doing badly — however you measure it #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Evaluating performance is an imperfect science: every metric has its pros and cons. Moving the goalposts, however, is rarely a sign that the game is going well. Look no further than the private equity […]
Inside the Bank of London, the unicorn that had an ‘immediate’ need for cash #NewsMarket
CashNews.co In December 2021, the Bank of London unveiled a glitzy US headquarters in New York. It was part of a global expansion for the start-up bank founded by former Barclays executive Anthony Watson, which boasted former Goldman Sachs heavyweight Harvey Schwartz and Labour grandee Peter Mandelson on its board. The offices had a troubled […]
Hong Kong regulator relaxes rules on sharing China ETF research #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 Hong Kong’s securities regulator has relaxed rules on the sharing of research […]
America should think twice before replacing sanctions with tariffs #NewsMarket
CashNews.co Unlock the US Election Countdown newsletter for free The stories that matter on money and politics in the race for the White House The writer is a professor at Johns Hopkins University and co-author of ‘Underground Empire: How America Weaponized the World Economy’ with Abraham Newman, who also contributed Donald Trump likes to say […]