Finance

Finance

Trump threatens to block opening of new border bridge with Canada

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Donald Trump has threatened to block the opening of a new suspension bridge connecting the US and Canada, escalating tensions between the two neighbours following Ottawa’s threat to bring Chinese EV manufacturers into … Read more

Finance

Howard Lutnick says he visited Jeffrey Epstein’s island in 2012

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Howard Lutnick said he visited Jeffrey Epstein’s island with his family in late 2012 as the US commerce secretary was grilled at a Senate hearing by lawmakers on his contacts with the late … Read more

Finance

McKinsey hands over control of controversial in-house asset manager

Stay informed with free updates Simply sign up to the Financial services myFT Digest — delivered directly to your inbox. McKinsey has handed control of $20bn of assets from its investment arm to Neuberger Berman after a strategic review of the unit, which invests the private wealth of the consulting firm’s senior staff and partners. … Read more

Finance

Vitol CFO to retire from secretive trading giant

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Vitol’s long-serving chief financial officer Jeff Dellapina is retiring to be replaced by its Asia finance chief Jay Ng in a handover that continues a changing of the guard across the commodity trading industry. Dellapina … Read more

Finance

Wall Street’s anything-but-tech trade shakes up US stock market

Investors have piled into supermarkets, energy companies and manufacturers this year, in an anything-but-tech trade powering a violent rotation beneath the surface of the US stock market. US equity funds focused on shares outside the tech sector have attracted $62bn of inflows over the past five weeks, eclipsing the $50bn that investors added to such … Read more

Finance

Paramount sweetens takeover offer for Warner Bros Discovery

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Paramount has sweetened its $108bn bid for Warner Bros Discovery, offering shareholders an additional fee that will compensate them if regulators delay completion of the transaction.  Under the revised terms, tied to its $30-a-share all-cash … Read more

Finance

Why Maga loathes London

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world A city once paved with gold is today riddled with Isis checkpoints, according to Maga world. Dick Whittington found no gold on London’s streets. The 2026 version of the fabled character would have … Read more

Finance

Nikkei Group names Tsuyoshi Hasebe as chair

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tsuyoshi Hasebe will become the new chair and group chief executive of Nikkei as Japan’s largest business-focused media company — the owner of the Financial Times — adapts to the rise of generative AI and … Read more

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