More than $28bn raised in first half, almost triple the amount a year ago
Pound hits highest level against dollar since July 2023 as chances of August interest rate cut recede
Gap between borrowing costs of most and least risky debt widens as traders fret over impact of high US interest rates
UBS survey also finds reserve managers expect higher US deficit under a Donald Trump presidency
A win for venture capital firms and sovereign wealth funds as they will be allowed to hold ‘supervoting’ shares
People’s Bank of China tries to stem rush into sovereign debt amid weakening economy
There has been a marked change of signals from Ankara on economic management
We just have to make sure we stay at 2 per cent
Cherished neutrality and circumspection of state’s legal framework will be sacrificed if new legislation is enacted
The Square Mile can power UK growth plans after the elections
And the survey said …
Investors pay the price for flocking to so-called cov-lite leveraged loans with reckless abandon
The vulnerability of the yen still overhangs the Tokyo market despite a recent bounce in the currency
Energy industry’s fears over the new Labour government have not stopped new leader Chris Cox taking a stake
No thing rules forever
Plus, updates on former FTX executives and PayPal’s stablecoin
Also in today’s newsletter, the brewing tensions over a new EU green trade proposal
Producers have responded rationally to the price slump, but things are not that straightforward
Pluralsight lender group marked debts at seemingly implausible highs
Geopolitical turmoil, smoke-and-mirrors fiscal planning and quantitative tightening: the risks are many — but now might still be the time to buy UK government bonds
The sector has expanded from a small number of groups to about 15,000 offices worldwide and an estimated $5.9tn in assets
Letter says deal warrants ‘special scrutiny’ on any ties between AI group and China
The UK government has also pulled support from a Cumbrian coal mine
Potential float would come as media conglomerate prepares for four-way split
The government and the fund should focus on growth, reform and slowing inflation in a sustainable way
Potential move by Hong Kong-listed group is sign of confidence in UK in wake of Labour’s landslide election victory
A stock market quotation confers transparency over corporate governance, accounting and performance
Financial Reporting Council also hits Sushovan Hussain with £450,000 bill to cover costs of probe
A new US ban on uranium from Russia will also further tighten supply
A brave minority
Recent Supreme Court decisions have hamstrung regulators but they will also make things much more complex
Penalty stemmed from bank’s inability to correct problems that it had already been cited for in 2020
Investors have pulled nearly $2bn from the group’s flagship ETF
Implosion in 2021 sent shockwaves through US equity markets and cost Wall Street banks billions of dollars