CashNews.co After weeks of sinking business confidence following her Budget tax increases, Rachel Reeves came to Davos with a clear goal: to re-set her relations with big investors. Her charm offensive in the Swiss resort included meetings with business leaders and public appearances in which she upbraided regulators, promised to ease lending rules, prioritised growth […]
Crypto executive freed after kidnap in France #NewsMarket
CashNews.co Stay informed with free updates Simply sign up to the Cryptocurrencies myFT Digest — delivered directly to your inbox. The co-founder of crypto start-up Ledger has been freed after being kidnapped in central France. The Paris prosecutor said police were still investigating the incident, which began when assailants took David Balland from his home […]
HSBC shuts payments app Zing a year after launch #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. HSBC is shutting its payments app Zing just a year after it launched the digital challenger, marking the latest closure of a fintech offshoot by a big bank. “Following a strategic review of Zing […]
‘Gas is back in vogue’ as Trump embraces fossil fuels #NewsMarket
CashNews.co This article is an on-site version of our Energy Source newsletter. Premium subscribers can sign up here to get the newsletter delivered every Tuesday and Thursday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters Good morning and welcome back to Energy Source, coming to you from New York. The consequences of Donald […]
LNG tankers change course to Europe as gas storage levels drop #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tankers carrying liquefied natural gas are changing course in the Atlantic and heading to Europe, as cargo owners look to profit from a market hit by the loss of Russian pipeline gas flows through […]
Fed to keep rates on hold for ‘foreseeable future’, Pimco says #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 The Federal Reserve is poised to keep interest rates on hold “for the foreseeable future” and could even boost borrowing costs, as central bankers await clarity on Donald Trump’s policies, said bond […]
BP is a victim of wishful thinking on fossil fuels #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump’s inaugural address as US president this week included a eulogy to fossil fuels and the “liquid gold under our feet”. Despite BP’s large oil and gas operations and reserves in Texas and […]
Rachel Reeves’ offensive against regulators sparks alarm from consumer groups #NewsMarket
CashNews.co For a Labour chancellor it was a bold move: Rachel Reeves went to Davos and told an audience of global plutocrats that she wanted to make their lives easier by creating a riskier regulatory environment for UK consumers. Far away from the Swiss Alps, Reeves’ offensive against regulators was cheered on by right-wing Conservatives, […]
European banks to reward investors with bumper €123bn in payouts #NewsMarket
CashNews.co Stay informed with free updates Simply sign up to the European banks myFT Digest — delivered directly to your inbox. European banks are on course to return close to €123bn to shareholders for the second consecutive year as lenders lift dividends above their pre-financial crisis peak and buybacks soar. The largest listed European and […]
Will Angola’s mystery debt holdout please stand up? #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. You are one lender, among a group of lenders, who, at some point in time, extended a syndicated loan of mysterious purpose and unknown quantum to the oil-rich but currently quite broke African nation […]