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Storm-hit Russian petroleum tankers trigger fears of fuel spills in Black Sea #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A Russian tanker broke apart during a heavy storm in the Black Sea on Sunday, spilling some of its 4,300 tonne-cargo of fuel oil in what could potentially be one of the region’s largest […]
Trump’s recruitment of watchdog chiefs impeded by talk of regulatory cuts #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 Republican enthusiasm for culling and combining the many US banking regulators is complicating efforts by the incoming administration of Donald Trump to find heads for those watchdogs. The problem is particularly acute […]
Giorgia Meloni races to finalise budget to affirm markets’ faith in Italy #NewsMarket
CashNews.co Prime Minister Giorgia Meloni’s government is racing to push through a budget that fulfils tax-cutting pledges while trimming its deficit, as Rome seeks to maintain the market’s confidence in Italy’s fiscal rectitude. Rome’s final effort to settle on next year’s budget, which must be approved by parliament by December 31, comes amid a sharp […]
Peter Hargreaves’ Blue Whale sells major tech stocks over AI concerns #NewsMarket
CashNews.co Stay informed with free updates Simply sign up to the Equities myFT Digest — delivered directly to your inbox. Blue Whale Growth, the investment fund backed by billionaire Peter Hargreaves, has reduced its exposure to the ‘Magnificent Seven’ group of major US tech companies due to concerns over their vast expenditure on artificial intelligence. […]
Relax Syria sanctions to bring in western oil operators, Gulfsands boss says #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 head of Gulfsands, the western oil company most exposed to Syria, has called for changes to sanctions to let outside operators return to the market, boost production and give the country “a chance […]
Sam Altman reckons with a growing threat to OpenAI: Elon Musk #NewsMarket
CashNews.co OpenAI’s Sam Altman is reckoning with an unpredictable force that threatens his ambition of transforming the start-up into a trillion-dollar company: Elon Musk. Since Donald Trump was elected president in November, executives at the ChatGPT-maker have been preparing to deal with the incoming US administration — a process complicated by Musk’s emergence as a […]
London Stock Exchange suffers biggest exodus since financial crisis #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 London Stock Exchange is on course for its worst year for departures since the financial crisis, as fears mount that more FTSE 100 businesses will quit the UK in favour of New York. […]
Global ETF assets soar to $15tn as shift from mutual funds gathers pace #NewsMarket
CashNews.co Stay informed with free updates Simply sign up to the Exchange traded funds myFT Digest — delivered directly to your inbox. Assets in global exchange traded funds have soared to $15tn, powered by a stampede away from mutual funds that underscores how the vehicles are reshaping the asset management industry. Investors have poured $1.7tn into […]
LNG freight rates plummet as sector grapples with glut of ships #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Charter rates for ships carrying liquefied natural gas have hit record lows, with some owners now facing a loss if they lease their vessels out, as the sector grapples with huge overproduction in the […]