CashNews.co Ford seeks to close ‘cost gap’ with competitors Read More #cashnews #newsfinace #finance #FollowsCashnews
Karma comes for Boeing’s shareholders #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. This is what karma looks like for Boeing shareholders. The aircraft maker has become the emblem of American capitalism gone rogue: for a generation, it prioritised tens of billions of dollars in share buybacks […]
Beware the tricky business of distressed M&A #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. M&A negotiations are never easy. Dealing with distressed debt hedge funds takes the pain to another level. Numerous companies will increasingly be unable to refinance debt that they borrowed in a low rate environment. […]
Bond market braced for rise in UK debt issuance to £300bn this year #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Global investment banks expect UK debt sales this year to rise close to £300bn, the second-highest on record, as the government heads for a showdown with bond investors at this week’s Budget. Gilts are […]
Jump Trading, Virtu and the ‘hidden optical fibre cable’ under an Ohio field #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Financial markets are full of quirky, monetisable correlations. When, for example, the price of the S&P 500 E-mini (which is traded on the Chicago Mercantile Exchange) rises or falls, the Dax future (traded 7,000km […]
What should Lebanon’s eurobonds be worth? #NewsMarket
CashNews.co Oussama Nasr is a former derivatives banker who lives in Beirut. You might have seen headlines on Lebanon’s massive pile of long-defaulted international bonds rallying on Israel’s invasion. Here’s why that isn’t quite as mad as it might initially seem. But first we probably need to explain exactly how Lebanon’s eurobonds with a face […]
BlackRock changes the subject #NewsMarket
CashNews.co Welcome to FT Asset Management, our weekly newsletter on the movers and shakers behind a multitrillion-dollar global industry. This article is an on-site version of the newsletter. Subscribers can sign up here to get it delivered every Monday. Explore all of our newsletters here. Does the format, content and tone work for you? Let […]
Wise chief executive fined over tax payments #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK financial regulators have fined Wise’s chief executive Kristo Käärmann £350,000 for breaching conduct rules and failing to notify them of “significant tax issues”, but have cleared him to continue in his job. The […]
Georgia’s disputed election #NewsMarket
CashNews.co Iran has signalled that it will pursue a measured response to Israel’s latest strikes, and Georgia’s opposition has called for protests after the ruling Georgian Dream party claims victory. Plus, the possibility of Donald Trump’s trade war has hit the shares of export-sensitive European companies, and large investment funds are being forced to offload […]
Franklin Templeton hit by record outflows as clients ditch troubled Western unit #NewsMarket
CashNews.co Franklin Templeton is battling the worst quarter for outflows in its history, as reputational damage and poor returns spurred tens of billions of dollars of withdrawals from its fixed-income business just as rivals are being boosted by falling interest rates. The group, which manages $1.7tn in assets, announced in August that the co-chief investment […]