Default will not have wider implications for country’s bonds
Donald Trump’s ‘big, beautiful’ budget bill could make or break the market trend
Rightwing party says cryptocurrencies will be allowed as a form of tax payment if it wins power
And South Korea looks cheap
Authorities are jailing people for throwing cash at parties after 70% fall in naira’s value over two years
Plus, Evercore signs up for SaaS analysts and on the ground at the Maga-filled crypto conference in Las Vegas
Leading industry figures say some act more like passive funds that track benchmark indices
US company benefits from double subsidy on biofuels as surge in imports threatens to wipe UK ethanol industry
Trump’s cuts in foreign aid and global tariffs have created opportunity for Beijing
Legislation would erode the appeal of US financial assets, warn banks and investors
What happened when a journalist asked President Donald Trump about chickening out
Trump family’s enthusiasm for digital assets creates a glaring conflict of interest
Without its own industry, the continent will be forced to depend on foreign firms that could cut off supplies
Also in today’s newsletter, US says it will ‘aggressively’ revoke Chinese student visas
Finance minister tells FT the kingdom’s priority is to avoid long-running ‘trap of booms and busts’
Acróstica? We hardly even…
Encouraging banks to buy Treasuries has downsides
‘This is a sensitive trade-off that has not always been well managed in the banking industry’
Trump’s election helped revive loans that once threatened to hit banks with big losses
The US president is a crypto booster — and the faithful went to America’s gambling capital to celebrate
In a number of key markets, investors are losing patience with governments still wanting to borrow like there’s no tomorrow
New standard threatens a vital funding source for sovereigns and corporates across the Middle East, Asia and beyond
Opportunity for expansion comes as big investors reassess allocations to US and the buyout sector
Wise now has an £11.2bn market capitalisation — and a grown-up business model to go with it
Chancellor hopes plan to establish ‘megafunds’, circumscribed by binding allocation targets, will drive returns for savers
