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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Huge bets by Chinese speculators on rising gold prices have helped super-charge the precious metal’s rally to an all-time high this month, in a sign that Asian traders are beginning to eclipse their western counterparts
Rockefeller Asset Management added three new portfolio managers to bolster its municipal investment strategies within in its fixed income division, the firm announced Monday. Scott Cottier, Mark DeMitry and Michael Camarella will join Rockefeller from Invesco, where they managed the California Value Municipal Income Trust and the Trust for Investment Grade New York Municipals. They
Healthy reserves and plans to increase permanent funds to mitigate revenue fluctuations earned Wyoming a positive outlook from S&P Global Ratings. S&P affirmed the state’s AA issuer credit rating, which now has a one-in-three chance of being upgraded over the next two years, as a result of the the positive outlook being elevated from stable,
Ukraine faces tough weeks ahead in its fight to stem Russian battlefield advances despite this weekend’s passage of a long-awaited US funding bill, according to Ukrainian officials, soldiers and military analysts. The US House of Representatives passed the $60bn military aid package on Saturday night after months of delay that have left Ukraine short of
After Iran fired a barrage of drones and missiles towards Israel a week ago, 70-year-old Hengameh removed the mirrors from her walls and urged family members to stay away from windows for fear of retaliatory strikes. The Tehran resident, who lived through her country’s 1980s war with Iraq, said: “I am haunted by thoughts of
A contentious rule proposal has a host of broker-dealer and investment firms calling for a rewrite as the effects on the municipal bond market portend calamity.  “Overall, we recommend that the rules in general be reconsidered and ideally rewritten,” said Susan Joyce, head of muni trading & FI market structure, AllianceBernstein. “We definitely see a
Stay informed with free updates Simply sign up to the Oil myFT Digest — delivered directly to your inbox. Oil prices fell on Friday after Israel’s retaliatory strikes against Iran provoked a shortlived spike, in a sign of investors’ confidence that the action will not escalate into a broader conflict in the Middle East. Brent
The Inflation Reduction Act has paved the way for broader participation in affordable housing and a renewed focus by developers on sustainability, panelists at Baker Tilly’s 2024 DevelUP conference said this week. One panelist called the 2022 law “the largest opportunity to build foundational generational wealth that you will experience,” and others praised the tax
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is president of Queens’ College, Cambridge, and an adviser to Allianz and Gramercy National security experts and financial market traders seem to disagree on what will follow the recent escalation of tensions between
On Tuesday, global law firm Nixon Peabody LLP released the names of newly minted partners and counsels who have arrived at the next level in their public finance career.  According to the firm, “Nearly 80% of the new partners are members of historically underrepresented groups at the partnership level in the legal profession, which aligns
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Iran has activated air defence systems across several provinces, according to official news agency IRNA, after reports that an explosion was heard near the city of Isfahan. Tasnim news agency, which is close to Iran’s
Norton Rose Fulbright has hired public-private partnership and infrastructure attorney Patrick Harder to co-head the firm’s U.S. and North America infrastructure groups. Harder joins Norton Rose after 20 years at Nossaman LLP, where he was a leader in the U.S. P3 space and was partner and chair of the infrastructure group. He will co-chair Norton’s
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rishi Sunak has been warned by the IMF to take much tougher action to rein in the UK’s public debt, putting a question mark over the prime minister’s cuts to national insurance. The IMF on