Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Poland will boost its production of howitzer ammunition fivefold as the country seeks to reduce dependence on imported weaponry and protect itself from the Russian threat in the east, according to state assets minister Jakub Jaworowski.In an interview with the Financial Times, Jaworowski said state-controlled defence group PGZ would “in the coming days” receive 2.4bn zlotys ($663mn) in government funds to increase the output of large-calibre ammunition and address one of Poland’s most pressing defence shortfalls.The investment aims to increase the group’s…
Image: Getty Images/ For illustrative purposes Saudi engineering and construction firm Red Sea International Co (RSI) announced that its board has agreed to pursue an initial public offering (IPO) for its subsidiary, Fundamental Installation for Electric Work Co (First Fix), subject to shareholder and regulatory approvals. In a filing last week to Tadawul, RSI said the board approved the “material transaction” on June 23, marking a key milestone in the company’s broader strategy. While RSI will retain its entire stake in First Fix, the IPO is being pursued due to the subsidiary’s strategic significance and anticipated market impact. RSI noted…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.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 newslettersGood morning. Investors are expecting a dovish shift at the Federal Reserve after Jay Powell’s term expires. The fed funds rate after April 2026, as implied by the futures market, has been dropping for the past month. This is likely due to the deepening expectation that Trump will…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.More and more private credit is ending up on the balance sheets of US life insurers. And there are lots of good reasons for this. Insurers tend to have less need for the liquidity offered by public market credit, and so private credit offers them a way to cash-in on their (il)liquidity preference, build more diversified, higher-returning portfolios, and better match their liabilities.Unfortunately, as Alphaville highlighted last week, private credit valuation is a challenge — at least for regulators charged with protecting…
Despite its prowess, China has not been able to overcome dozens of ‘choke points’ that are the essential building blocks of modern manufacturing Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Nato’s mission of defending countries from enemy attack is not a million miles from maintaining a hard line on global financial regulation — even if explosions at banks tend to be more metaphorical. So financial policymakers around the world took some comfort from the unity on show among world leaders in The Hague last week: Donald Trump, for the most part, struck a supportive note, as he strong armed allies into pledging a big uplift in defence spending.The Basel-based Bank for International…
Stay informed with free updatesSimply sign up to the US equities myFT Digest — delivered directly to your inbox.The writer is chair of Rockefeller International. His latest book is ‘What Went Wrong With Capitalism’It’s suddenly fashionable to talk about how the era of “American exceptionalism” is ending, given Trump’s policies, the dollar’s decline, and the fact that so far this year the US stock market is underperforming its international rivals by the widest margin since 1987.The surprise, however, is that despite the shocks emanating from Washington and the Middle East, US stocks are still grinding higher. And so are US…
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 me know: harriet.agnew@ft.com One fascinating deep dive to start: Our friends over at FT Alphaville delve inside the private equity-insurance nexus and find out what happens when the world’s dullest industry gets very exciting.In today’s newsletter:Hedge funds seek to expand into private creditWealth managers gear up to put UK…
This article is an on-site version of our Europe Express newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday and fortnightly on Saturday morning. Standard subscribers can upgrade to Premium here, or explore all FT newslettersGood morning. Here’s a dark tale to start the week: Russia’s FSB spy service is systematically grooming Ukrainian teenagers, orphans and young adults to spy against their country, a Financial Times investigation has found, handing out cash to kids who take photos of military sites, scope out targets or even plant homemade bombs.Today, our trade and tech correspondents report on…
Stay informed with free updatesSimply sign up to the Pensions industry myFT Digest — delivered directly to your inbox.A contentious change in UK legislation is not consistent with what ministers had promised and could harm the retirement outcomes of millions of savers, some pension experts have warned.The pension schemes bill, expected to become law next year, proposes to give regulators a power to force defined contribution (DC) schemes to invest a minimum amount in private markets.“The provision isn’t framed as a reserve power and doesn’t promise that there won’t be detriment to pension savers,” said Charles Randell, former chair of…