CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Chapel Down’s share price cratered on Friday following news that England’s largest winemaker had downgraded its sales guidance and announced it was staying independent after putting itself up for sale this summer. Shares fell […]
NYSE plans to extend daily trading to 22 hours on its Arca exchange #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 New York Stock Exchange announced plans to extend trading hours for equities on its Arca venue to 22 hours on weekdays, in an effort to meet global demand for buying and selling US-listed […]
Top US regulator warns of potential crisis if final bank guardrails fall away #NewsMarket
CashNews.co Stay informed with free updates Simply sign up to the US financial regulation myFT Digest — delivered directly to your inbox. Failure to finalise stricter stability rules could lead to an “unravelling internationally” of guardrails put in place after the financial crisis and create conditions for a new global banking meltdown, a top US […]
Court of Appeal sides with UK consumers over ‘secret’ car loan commissions #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Senior judges have sided with consumers who complained about “secret” commissions on car loans, in a landmark ruling that wiped almost a quarter from Close Brothers’ shares and put the rest of the sector […]
Nasdaq hits record high as tech stocks rebound from summer sell-off #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tech stocks propelled the Nasdaq Composite to a new high on Friday for the first time since July in a sharp turnaround after falling as much as 15 per cent during the summer. The […]
Don’t be beguiled by the apparent calm reigning in US bond markets #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 Right now the world is watching America’s elections with bated breath. For while a new FT survey implies that Republican contender Donald Trump has a slim lead over vice-president Kamala Harris, […]
European gas prices hit peak for year on Norwegian production outage #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. European gas prices have climbed to their highest level of the year, as a production outage in key supplier Norway exacerbates market concerns over tensions in the Middle East. Europe’s main gas benchmark, the […]
Treasuries sell-off reverberates through global markets #NewsMarket
CashNews.co A sell-off in US Treasuries has sent ripples through markets from gold to currencies, as investors warn that volatility is “locked in” ahead of next month’s presidential election. US government bonds are on track for one of their worst months in recent years, with 10-year yields moving up almost 0.4 percentage points to 4.2 […]
What do bond markets know about the election? #NewsMarket
CashNews.co As betting markets and polls begin tentatively to suggest a Donald Trump election win, yields in 10-year Treasuries have risen. Some on Wall Street think that is because traders believe Trump will win, bringing with him inflationary spending and policies. Today on the show, Rob Armstrong discusses what the bond market knows with Derek […]
Tory treasurer’s water company in discussions to take stake in Thames Water #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 water company co-founded by the treasurer of the Conservative party is in discussions to take a stake in Thames Water, which is looking to raise billions of pounds to avoid a potential renationalisation. […]