Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A global climate alliance of top banks is at risk of losing key European members after lenders refused to commit to remaining in the group, further weakening its position after an exodus of Wall Street firms. Barclays, which joined in 2021, declined to confirm its membership plans in a conversation with the Net-Zero Banking Alliance’s leadership in recent days, a banker familiar with the matter said. The bank had discussed dates for its possible departure and was considering investors’ responses to HSBC’s…
This article is an on-site version of our Chris Giles on Central Banks newsletter. Premium subscribers can sign up here to get the newsletter delivered every Tuesday. Standard subscribers can upgrade to Premium here, or explore all FT newslettersHello from FT towers in London — I’m Joel Suss, standing in for Chris Giles. Another week, another threat to oust Jay Powell. Markets seem unperturbed, with muted reaction to reports on Friday and over the weekend that President Donald Trump was again looking into firing the Federal Reserve chair, this time because of refurbishment cost overruns at the central bank. Markets also largely…
Saudi Arabia has reinforced its dominance in the Middle East and North Africa’s venture capital landscape, securing the top spot in H1 2025 with a total VC funding of $860m (SR3.2bn) — already surpassing the Kingdom’s full-year VC total for 2024. The “H1 2025 MENA Venture Investment Report” from venture data platform MAGNiTT revealed that Saudi Arabia accounted for 56 per cent of total capital deployed across the MENA region, underscoring its pivotal role in shaping the region’s startup and innovation economy. The Kingdom also saw a record-breaking 114 VC deals during the first six months of the year, signalling…
Stay informed with free updatesSimply sign up to the Cryptocurrencies myFT Digest — delivered directly to your inbox.Standard Chartered has begun allowing institutional clients to directly trade bitcoin and ether, becoming the first major bank to enable spot cryptocurrency transactions.The London-based lender said it had launched bitcoin/dollar and ether/dollar trading from Tuesday for institutional clients such as corporates, asset managers and investors, and would soon add so-called non-deliverable forwards — contracts in which no physical settlement of the currencies takes place.The move highlights how crypto is becoming increasingly entwined with mainstream finance, and comes as more traditional companies seek to…
Two economics professors say the U.S. is facing another big shock from China, and it could be worse than the first. They have a survival plan. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.BBC director-general Tim Davie has admitted “that the BBC is not perfect and sometimes we make mistakes” but that the national broadcaster “deserves backing” after a bruising few weeks of scandals at the corporation that led to questions over his future.On Tuesday, Davie gave his first public response to a slew of scandals at the national broadcaster at the publication of its annual report, saying: “We’ve certainly been through a tough period, and there are some tough days.”His comments come after another…
Image: Supplied While emerging markets (EM) debt was negatively impacted by the April 2 maximalist tariff announcements, after the delay in implementation and some backtracking, the asset class was able to bounce back. Of note, there was differentiation between sectors, with hedged local rates and EM foreign exchange outperforming other fixed income assets. Notably, the decline in the US dollar, as the broader market adjusted its outlook on US economic dominance, created opportunities in both emerging and developed markets. While there’s been no major shift away from the US dollar and US assets yet, early signs suggest future investments could…
Investors’ risk appetite has performed an astonishing volte face Source link
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldA year ago when the presidential race between Donald Trump and Kamala Harris was heating up, a veteran mergers and acquisitions adviser told me that if the Republican candidate won, many on Wall Street would eventually long “for the return of Lina Khan”.The top rainmaker was flagging his concerns that Trump’s antitrust policies would make it even harder to get deals approved than under Joe Biden’s progressive head of the Federal Trade Commission, the US competition watchdog.Twelve months on, many…
Stay informed with free updatesSimply sign up to the UK financial regulation myFT Digest — delivered directly to your inbox.The chancellor has announced plans to reform the ringfencing rules that force UK banks to separate their retail and investment banking activities, as part of a raft of measures to soften regulations and drum up more investment in financial markets.Rachel Reeves said the changes to the heavily criticised ringfencing rules would help to free up capital for banks as part of the government’s drive to boost growth by putting “the UK ahead in the race for financial businesses”.The chancellor announced the…