17:13
4 mins read
Can Russia meet Trump’s diesel demands?
Ukrainian strikes have triggered worst petrol shortages since collapse of the Soviet Union but diesel supplies are stable
Donald Trump’s deal with Moscow to re...
16:05
4 mins read
Oil chiefs pull out of Riyadh energy congress after airport missile strike
BP and others skip World Petroleum Council meeting after 12 killed in Houthi attack
Several senior international oil executives called off plans to attend an e...
00:00
2 mins read
EU countries to overhaul financial market supervision
Reforms part of effort by Brussels to bolster bloc’s flagging competitiveness in relation to US
Supervision of most major European stock exchanges and other fi...
00:00
5 mins read
The struggle to fix Africa’s debt crisis
Is a growth-focused ‘reset’ the answer?
This article is an on-site version of our Moral Money newsletter. Premium subscribers can sign up here to get the newsl...
00:00
3 mins read
Former Deutsche Bank star trader has rate-rigging conviction quashed
Christian Bittar pleaded guilty in 2018 to manipulating the Euribor rate
Former Deutsche Bank star trader Christian Bittar’s conviction for interest-rate riggi...
00:00
5 mins read
The ECB will sit on the sidelines during France’s debt sell-off
That does not mean it can avoid making contingency plans to activate emergency measures
In a year of global bond market turbulence, France is in the hot seat....
00:00
3 mins read
Iran attacks tankers beyond Strait of Hormuz
Escalation comes as Tehran tries to maintain leverage over strait crucial for global energy supplies
Iran has expanded its attacks beyond the Strait of Hormuz...
00:00
3 mins read
US critical minerals stockpile risks driving up prices, defence groups warn
Industry urges Washington to ‘proceed with caution’ as competition for scarce materials intensifies
Defence contractors warned that a US initiative to stockpil...
00:00
4 mins read
Houston start-up aims to loosen China’s grip on critical metal
Hertha Metals has developed a way to produce high-purity iron needed for rare earth magnets
This article is an on-site version of our Energy Source newsletter....
00:00
26 mins read
What is driving the global bond sell-off? You asked, we answered
Alphaville editor Robin Wigglesworth and senior markets correspondent Ian Smith replied to reader questions in a live Ask an Expert Q&A
Global bond markets are...
00:00
5 mins read
Ohio Senate race puts Donald Trump’s record with blue-collar voters to the test
Also in today’s newsletter, a US oil trader’s extraordinary $2bn gamble
This is an on-site version of the White House Watch newsletter. You can read the previo...
00:00
2 mins read
UK investors face three-month wait to recoup money from property funds
FCA seeks to avoid repeat of fund suspensions during market turmoil by restricting immediate access to investments in illiquid assets
Investors in funds focuse...
00:00
3 mins read
Big investors ‘bottom fish’ in Eurozone bond markets after France sell-off
Fears of a blow-up similar to the Eurozone debt crisis have been overdone, asset managers say
A sell-off in French government bonds that spread into broader Eu...
00:00
3 mins read
Oil prices jump on tanker attacks and slowing flows through Strait of Hormuz
Transit via vital waterway rose close to 90% of prewar levels last month but has since fallen sharply
Oil prices surged as much as 5 per cent on Thursday, push...
00:00
1 min read
Is France too blasé about borrowing costs?
France’s borrowing costs are skyrocketing. And its leading candidates for next April’s presidential elections - on both extremes of the political spectrum - see...
00:00
4 mins read
Asset management hirers seek personality and skills
As roles diversify, employers are casting their nets wider as they assess first-time applicants
If you imagine a job in finance will lead to huge bonuses, priv...
00:00
1 min read
SoftBank wants Gulf money to expand AI bet
SoftBank founder Masayoshi Son is seeking to raise as much as $100bn from Gulf investors to further his massive bet on AI, the Flydubai co-pilot who tried to hi...
00:00
4 mins read
Institutional investors challenge PE fund model with direct deals
Investments alongside asset managers rather than through traditional vehicles doubled to a record $198bn in the first half of the year
Institutional investors...
00:00
3 mins read
Ineos arm’s oil and gas earnings offset chemicals downturn
Division of Jim Ratcliffe’s conglomerate posts loss of €2.2bn last year
A surge in oil and gas earnings in a major division of Sir Jim Ratcliffe’s Ineos empire...
00:00
7 mins read
How US mortgage bonds can trigger a ‘vicious loop’ for Treasury yields
One little cog in the bond market’s feedback machine
Bond markets don’t fall out of bed every day. It just feels a little like it right now. But the reasons ca...
00:00
1 min read
Live Q&A: What is driving the global bond sell-off?
Alphaville editor Robin Wigglesworth and senior markets correspondent Ian Smith are answering reader questions in a live Q&A now
Global bond markets are sellin...
00:00
3 mins read
Ex-Barclays traders’ rate-rigging convictions quashed
Court of Appeal ruling comes after Tom Hayes’s guilty verdict was overturned last year
Five ex-Barclays traders sentenced to prison for manipulating key intere...
00:00
4 mins read
London gold market body accused of causing deaths of two miners
High Court trial began on Wednesday and has implications for centuries-old market and for certification schemes in metals, garments and agriculture sectors
The...
00:00
3 mins read
Australian court ruling on climate impact of coal mining a ‘blow’, says industry
Verdict is latest in a series of legal cases to examine the relationship between fossil fuel producers and global warming
An Australian High Court ruling block...
00:00
2 mins read
London hedge fund Arini falls 16% on soured credit bets
Flagship strategy raised $1.5bn in recent weeks after suffering three consecutive months of losses
London credit investor Arini Capital Management’s flagship f...
00:00
2 mins read
IMF’s Kristalina Georgieva urges governments to rein in spending
Fund’s managing director says officials face ‘very tough political choices’ as they seek to combat soaring bond yields
The IMF’s managing director has said gov...
00:00
2 mins read
Diesel price jumps after IEA says no additional fuel will be released
Agency members say 100mn barrels promised by G7 will come from 400mn stock release agreed in March
European diesel prices jumped as much as 8 per cent on Wedne...
00:00
1 min read
Oil companies are full speed ahead in the Middle East
Oil executives expressed their appetite for investing in the Middle East despite the war, the conflict has blown a near-£12bn hole in Britain’s public finances,...
00:00
4 mins read
Indonesia sovereign wealth fund calls for stock market transparency
Danantara’s chief investment officer says domestic institutions will support market that has been the world’s worst performer this year
Indonesia must make its...
00:00
3 mins read
UK risks ‘uninvestable’ reputation if North Sea projects are blocked, says energy boss
Equinor chief says refusal to approve Rosebank and Jackdaw projects would be ‘major setback’
The UK’s oil and gas industry risks being viewed as “uninvestable”...
00:00
3 mins read
Vitol chief warns of tanker shortage and risk of $200-a-barrel oil
Head of world’s largest independent oil trader says shipping squeeze is creating new bottleneck despite increased Gulf flows
The global energy crisis triggered...
00:00
7 mins read
Would you buy a Yankees ETF?
Everything is gambling these days
The new law of modern asset management seems to be that anything that can conceivably be put into an ETF will be put into an...
00:00
13 mins read
France: between the bond market and the barricades
The country is being hit by a pre-election debt sell-off. Many fear it could shake the Eurozone
As hundreds of thousands of people poured on to the streets of...
00:00
2 mins read
Ion tells creditors it won’t play hardball on $11bn debt pile
Data group behind Mergermarket and Dealogic that has made billionaire owner one of Italy’s richest men says it aims to pay back lenders in full
Billionaire And...
00:00
3 mins read
ExxonMobil looks to offshore projects in Trinidad and Tobago for next boom
US oil major aims to replicate its success in Guyana with further Caribbean drilling
ExxonMobil is looking to replicate Guyana’s oil and gas boom off the coast...
00:00
4 mins read
Ships’ captains paid $100,000 a month to transit Strait of Hormuz
Salaries and bonuses spiral for seafarers willing to risk perilous trip through waterway in face of Iranian attacks
Oil tanker captains in the Gulf are being p...
00:00
1 min read
How the US financed World War I using Charlie Chaplin and Girl Scouts
The first world war was one of the deadliest conflicts the world has ever seen. And when the US entered the war in 1917, it faced a massive financial challenge:...
00:00
4 mins read
Aramco weighs its options for Saudi Arabia’s growing gas surplus
State-owned group explores exports and ways to raise finance as it assesses how to use gas from giant Jafurah field
When Saudi Aramco began developing the gian...
00:00
3 mins read
‘Most dangerous product in crypto’ vexes Singapore
City-state averse to risk and scandal tries to distance itself from homegrown Hyperliquid Labs and its popular ‘perps’
A company offering what consumer advocat...
00:00
5 mins read
Ride-hailing apps hit the skids over driver fury
Asia’s market leaders Grab and GoTo face squeezed margins over push to offer better deal to workers
For a while it looked like GoTo could fall no further — the...
00:00
3 mins read
Sanae Takaichi tells markets to ‘rest assured’ over Japan’s spending plans
Long-term bond yields reach fresh high as prime minister says she will control new issuance
Japan’s Prime Minister Sanae Takaichi has told investors to “rest a...
00:00
2 mins read
Saudi Aramco chief warns world’s oil stockpiles are ‘scarily thin’
Amin Nasser says inventories depleted by Middle East conflict could take up to two years to rebuild
The world’s oil stockpiles are now “scarily thin”, the chie...
00:00
4 mins read
One person is now a quorum at the SEC
The Ankh-Morpork approach to US financial regulation
Terry Pratchett’s fictional city of Ankh-Morpork is led by Lord Vetinari, who follows a unique approach to...
00:00
3 mins read
Yemen launches push to retake territory captured by Houthis
Saudi Arabia sends 100 fighter jets to support Yemeni push to recapture Sana’a and the Bab al-Mandab Strait
Yemen’s Saudi Arabia-backed government says it is l...
00:00
3 mins read
Euro slides to 17-month low against dollar
High energy prices and concerns over France’s public finances add to pressure on the single currency
The euro fell to a 17-month low against the dollar on Mond...
00:00
3 mins read
FCA to examine how it treated whistleblower who died by suicide
Simon Andriesz revealed alleged wrongdoing at Cantor Fitzgerald-controlled brokerage
Britain’s financial regulator is reviewing its treatment of a whistleblowe...
00:00
2 mins read
Brazil’s markets surge as investors bet on Flávio Bolsonaro election win
Rightwinger seen as more likely than current president Lula to enact quick spending cuts
Brazil’s currency, stocks and bonds jumped on Monday as investors bet...
00:00
2 mins read
French central bank head warns country at risk of being ‘strangled by interest rates’
Emmanuel Moulin says France can still reassure bond investors despite ‘serious and worrying’ market moves in recent days
The head of the French central bank ha...
00:00
2 mins read
TotalEnergies boss hails ‘opportunities’ created by global market turmoil
Patrick Pouyanné says he prefers ‘disruption to the peaceful world’ despite French major being among those most affected by Middle East conflict
The head of Fr...