CashNews.co Unlock the Editorâs Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. So, uhâ.â.â. there are some interesting municipal-finance scenes in Oakland, Calif. right now. Last week, the Bay Area city accidentally published the wrong draft of a fiscal report, which mentioned risk of Chapter 9 […]
Santander sets aside ÂŁ295mn to cover costs over car finance ruling #NewsMarket
CashNews.co Unlock the Editorâs Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Santander UK has set aside ÂŁ295mn to cover the potential costs of a British court ruling on unlawful commissions that banks paid to car dealerships. The lender on Wednesday became the largest institution to […]
FTX co-founder Gary Wang avoids prison after assisting in Sam Bankman-Fried case #NewsMarket
CashNews.co Unlock the Editorâs Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. FTX co-founder Gary Wang has avoided prison time after his swift co-operation with prosecutors helped seal the criminal conviction of the crypto exchangeâs other founder Sam Bankman-Fried. At a hearing on Wednesday, Judge Lewis […]
The enriched uranium market is all at sea #NewsMarket
CashNews.co Unlock the Editorâs Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Atlantic Action II is stuck in limbo far from the ocean after which it was named. Five days after Russia imposed tit-for-tat restrictions on exports of enriched uranium to the US, the 14-year […]
Sage shares surge 19pc as UK software group launches buyback #NewsMarket
CashNews.co Unlock the Editorâs Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sage shares rose by almost a fifth as the UK software group reported a jump in annual operating profits, launched a ÂŁ400mn share buyback and increased its dividend. The FTSE 100 company, which provides […]
Uganda targets 2027 start for worldâs longest heated oil pipeline #NewsMarket
CashNews.co Stay informed with free updates Simply sign up to the Oil & Gas industry myFT Digest — delivered directly to your inbox. The worldâs longest heated oil pipeline is âstill viableâ and will be operational in the next three years despite financing delays blamed on activistsâ protests, according to a Ugandan minister who defended […]
The US consumer is fine (but no better) #NewsMarket
CashNews.co This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters Good morning. Wall Street billionaire and Trump transition chair Howard Lutnick has been nominated for secretary of commerce. Itâs […]
Low growth and high debt risk Eurozone crisis, ECB warns #NewsMarket
CashNews.co Stay informed with free updates Simply sign up to the Eurozone economy myFT Digest — delivered directly to your inbox. The Eurozone risks another debt crisis if the bloc cannot boost growth, lower public debt and fix âpolicy uncertaintyâ, the European Central Bank has warned. In its annual Financial Stability Review, published on Wednesday, […]
The valuation warning for Costco and other higher-rated stocks #NewsMarket
CashNews.co Unlock the Editorâs Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is founder and chief executive of Trivariate Research Equity investors who are used to buying low and selling high have struggled for a long time in the US. Many stocks that appear to […]
Citadel Securities aims to become big player in Eurozone bond trading #NewsMarket
CashNews.co Unlock the Editorâs Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Citadel Securities is aiming to become a âmaterialâ player in Eurozone government bond trading by next year after building a team of traders in Paris and securing valuable access to German debt auctions. The Miami-based […]