Finance

Finance

Biotech rally mints huge profits for hedge funds

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Hedge funds betting on drugs stocks have made bumper profits this year, as a recent wave of deals by big pharmaceutical companies drives the biggest rally in the biotechnology sector in a decade. New York-based … Read more

Finance

EU races to bypass Viktor Orbán on Russian assets before summit

Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. EU countries are to fast-track a decision to indefinitely immobilise up to €210bn in Russian sovereign assets, in an attempt to bypass Hungary’s Prime Minister Viktor Orbán even before Europe’s leaders meet for a … Read more

Finance

EU companies say ‘undervalued’ renminbi aiding China’s exporters

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Beijing is keeping the renminbi heavily undervalued against the euro, European companies have warned, giving Chinese exporters an advantage and raising the risk of increased trade retaliation. The warning from the EU Chamber of Commerce … Read more

Finance

China adds domestic AI chips to official procurement list for first time

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. China has put domestic artificial intelligence chips on an official procurement list for the first time, bolstering the nation’s tech sector ahead of US President Donald Trump’s move to allow Nvidia exports to the country. … Read more

Finance

Is it a bubble?

Given that the growth of demand for AI is so unpredictable, there can be no doubt investor behaviour is speculative

Finance

Why the world should worry about stablecoins

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A few months ago, the father-in-law of one of my sons, who lives in New York state, sent what was, for him, a significant sum of money to his family in England. The money never … Read more

Finance

Rise in US job openings offers hope of labour market stabilisation

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US job openings ticked up to a five-month high in October, signalling to the Federal Reserve ahead of Wednesday’s interest rate decision that the domestic labour market is stabilising. Job openings advertised by US employers … Read more

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