Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is chair of Société Générale and a former member of the executive board of the European Central BankStablecoins are fast emerging as a disruptive force in global finance — and central banks are rightly paying attention. The Bank for International Settlements recently warned that a loss of confidence in stablecoin issuers could lead different coins to diverge from trading at par. This would threaten monetary stability, particularly if the issuers’ reserves lose value or are insufficiently liquid to meet redemption…
Stay informed with free updatesSimply sign up to the Workplace pensions myFT Digest — delivered directly to your inbox.Chancellor Rachel Reeves is expected to announce a shake-up of UK pensions in her Mansion House speech on July 15, including plans to look at the amount companies and their staff set aside for retirement. Two executives familiar with her plans said Reeves would appoint a commission to lead the long-awaited review into pensions adequacy, looking at auto-enrolment rates alongside the state pension and retirement savings of the self-employed. The review was first announced by Reeves in July last year and was supposed to…
One scoop to start: Christopher Hohn’s activist hedge fund has risen 21 per cent this year as bets on jet engine manufacturer GE Aerospace, Visa and Microsoft came good.Welcome to Due Diligence, your briefing on dealmaking, private equity and corporate finance. This article is an on-site version of the newsletter. Premium subscribers can sign up here to get the newsletter delivered every Tuesday to Friday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters. Get in touch with us anytime: Due.Diligence@ft.comIn today’s newsletter:Ireland’s ‘Cooler’ tries to pull off one last scoreWhy would bondholders offer to pay hundreds…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Fundraising from initial public offerings in London has tumbled to its lowest level in at least 30 years, in a stark sign of the waning attractiveness of the UK’s equity markets for companies and investors. The five listings on UK markets in the first six months of the year raised £160mn, the lowest half-year amount in Dealogic data going back to 1995. The total marks a 98 per cent fall from a bumper six months of fundraising at the start of 2021…
The $7,500 tax credit that car shoppers can use for new EV purchases is set to expire at the end of September, according to the tax and spending bill that passed the House of Representatives on Thursday. Source link
This article is an on-site version of our FirstFT newsletter. Subscribers can sign up to our Asia, Europe/Africa or Americas edition to get the newsletter delivered every weekday morning. Explore all of our newsletters hereGood morning, happy Friday and welcome back to FirstFT Asia. In today’s newsletter:Trump’s landmark bill passes the HouseChina criticises US-Vietnam trade dealPakistan’s strategy to woo the US presidentDonald Trump has secured a political victory after the House of Representatives gave final approval to his flagship tax and spending legislation. What’s happening? With the bill’s passage, Trump plans to sign it into law at 5pm today (local…
Sportsbooks like DraftKings and FanDuel are taking wagers on the famous Fourth of July eating contest — and interest is especially strong after Chestnut was banned last year. Source link
The S&P 500 and Nasdaq Composite tallied fresh record closing highs on Thursday, buoyed by a stronger-than-expected jobs report that helped dampen expectations for a Federal Reserve interest-rate cut in July. Source link
The Federal Reserve is likely to resume lowering interest rates in September, but it won’t be an easy call for the central bankers, economists said Thursday in the wake of the June jobs report. Source link
Tax breaks in the megabill, like no taxes on tips and overtime, only apply to people at certain income levels. Source link