Ireland believes it can secure a deal to deepen Europe’s capital markets by the year-end, Taoiseach Micheál Martin has told the FT, overcoming decade-old EU divisions in an attempt to mobilise trillions of euros in savings into productive investments. The so-called savings and investment union has been pitched as a groundbreaking overhaul to integrate the...Read More
It is hard to get back into a market just after a mauling — as cryptocurrencies suffered last week, led by bitcoin’s 15 per cent tumble. It can be harder still to jump into the products — perpetual futures — that are believed to have produced the crash. So-called perps, though, are about to go...Read More
Central banks around the world are lowering borrowing costs as global inflation eases from the multi-decade highs reached in many countries in recent years. The FT global inflation and interest rates tracker provides a regularly updated visual narrative of consumer price inflation and central bank policy rates around the world. This page covers the factors...Read More
The UK financial watchdog has filed a lawsuit against the crypto exchange linked to Justin Sun, a Chinese-born billionaire who has invested millions of dollars in US President Donald Trump’s digital asset ventures. The Financial Conduct Authority said that it had filed the lawsuit against HTX in the High Court this week “for unlawfully promoting...Read More
For those concerned about the threats to the world from climate change, some of the signals this year from institutional investors and investment banks are alarming. However, there are still reasons to be hopeful about the resilience of efforts to tackle environmental issues at the corporate level. It is true that there has been a...Read More
Brussels wants to put more of Europeans’ €10tn in savings to use by urging member states to offer tax incentives for investment accounts — part of a push to deepen the EU’s shallow and fragmented capital markets. Historically, Europeans have saved a higher proportion of their income compared with Americans. But owing to a mix...Read More
It’s an overcast day in Paris, which is slowly coming back to life after the August exodus. The leaves have already begun to fall off the Champs-Élysées trees, covering the boulevard in a light autumnal carpet. French politicians are being very French. “La tragédie française” is the headline of Le Point, amid the collapse of...Read More
BNP’s Sudan troubles are far from over When BNP Paribas paid a mammoth $8.9bn penalty to US authorities in 2014, it might have looked like justice had been done on behalf of the victims of atrocities in Sudan’s western Darfur region. The French bank — the EU’s biggest by assets — admitted deliberately violating US...Read More
Digital tokens perceived as safe assets come with hidden risks for retail investors, says Professor Jean Tirole. Jean Tirole, a Nobel Prize-winning economist, has warned about “insufficient supervision” of stablecoins and the possibility that governments will be forced into multibillion-dollar bailouts should the tokens unravel in a future financial crisis. In an interview with the...Read More
