NEWS: FT.COM - FINANCIAL MARKETS
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   NEWS: FT.COM - FINANCIAL MARKETS
FT.com - Financial Markets
May 15, 2026

British Gas to pay £20mn penalty over pre-payment meters
Ofgem found utility breached licence conditions designed to protect vulnerable customers

FT.com - Financial Markets
May 15, 2026

The great global bond freakout
Plus, crypto's not money

FT.com - Financial Markets
May 15, 2026

HSBC pauses $4bn private credit investment
Lender announced plan last year to use $3.2tn balance sheet to muscle into alternative lending market

FT.com - Financial Markets
May 15, 2026

Abu Dhabi backs $13bn US gas plant as Middle East supplies falter
Mubadala Energy, CPP Investments and BlackRock among investors providing $9.75bn for Commonwealth LNG

FT.com - Financial Markets
May 15, 2026

Big Tech groups launch global borrowing spree to fund AI expansion
US tech giants including Alphabet and Amazon are tapping foreign debt market at an unprecedented rate

FT.com - Financial Markets
May 15, 2026

The soft-on-crime era on Wall Street
US prosecutors are promoting lenient deals for companies that turn themselves in

FT.com - Financial Markets
May 15, 2026

Britain's debt cage
As Labour politicians fight over the keys to No 10, the gilt market sets the limits of power

FT.com - Financial Markets
May 15, 2026

SpaceX IPO set to lock in Musk's control with Mars-linked pay deal
Investors expected to accept $1.75tn valuation, weak shareholder rights and billionaire's sci-fi business vision

FT.com - Financial Markets
May 15, 2026

The oil futures curve is not a crystal ball
Lower prices for crude to be delivered at a later date do not mean traders are predicting a sharp fall

FT.com - Financial Markets
May 14, 2026

Obscure Japanese stock measure widens on global hunt for AI winners
Record gulf between Tokyo's Nikkei 225 and Topix reflects major influx of foreign capital, analysts say

FT.com - Financial Markets
May 14, 2026

Is it time to worry about India's foreign exchange reserves?
Also in this newsletter: government to invest $4bn in coal gasification

FT.com - Financial Markets
May 14, 2026

SEC settles Adani case as US authorities move to end actions against Asia's richest man
Indian tycoon had lobbied Trump administration and pledged billions of dollars of investment in America

FT.com - Financial Markets
May 14, 2026

Fallout from China housing slowdown grinds on in offshore courts
Bondholders might balk at the recoveries offered so far, but any remedies involve complex negotiations

FT.com - Financial Markets
May 14, 2026

Hong Kong listings boom sparks legal hiring spree
The revival in deal activity has law firms rebuilding their teams

FT.com - Financial Markets
May 14, 2026

Emerging markets face Iran shocks with more debt, and less danger
Market reform has meant that large debts today are much less destabilising than smaller sums were in the past

FT.com - Financial Markets
May 14, 2026

AI chipmaker jumps to almost $70bn valuation in IPO
Jump in share price of Cerebras underscores strong demand for shares in companies linked to AI boom

FT.com - Financial Markets
May 14, 2026

What's bothering bonds?
Why yields are going up around the world

FT.com - Financial Markets
May 14, 2026

US authorities prepare to end Adani fraud cases
Indian tycoon had lobbied Trump administration and pledged billions of dollars of investment in America

FT.com - Financial Markets
May 14, 2026

Why Labour cannot ignore the gilt market
Leadership hopefuls should not get into a trial of strength with bond investors

FT.com - Financial Markets
May 14, 2026

Ford shares surge after launch of power unit for data centres
New subsidiary pivots to energy storage batteries for AI after disastrous electric vehicle writedown

FT.com - Financial Markets
May 14, 2026

Searching for the UK's ‘plonker premium'
It must be true, we saw it on TV

FT.com - Financial Markets
May 14, 2026

US audit regulator weighs deep cuts in Trump administration overhaul
PCAOB considers staff reductions as it takes less confrontational approach to industry oversight

FT.com - Financial Markets
May 14, 2026

US audit regulator weighs deep staff cuts to unit overseeing accounting firms
PCAOB is taking less confrontational approach as it downsizes Enron-era mandate to scrutinise industry

FT.com - Financial Markets
May 14, 2026

Turkey scraps inflation target as economic strains deepen
Central bank increases target to 24% from 16% due to accelerating rise in prices triggered by Iran war

FT.com - Financial Markets
May 14, 2026

Klarna breaks even for first time since blockbuster New York IPO
Shares in European fintech have plunged 70% since September

FT.com - Financial Markets
May 14, 2026

Revolut prepares to launch private bank as it woos wealthy
Europe's largest fintech awarded licence to provide complex financial instruments to clients

FT.com - Financial Markets
May 14, 2026

Cuba runs out of diesel and fuel oil
Protests erupt as energy minister admits island has ‘absolutely no' supplies or reserves

FT.com - Financial Markets
May 14, 2026

Revolut wins UK approval to offer more complex financial products
Europe's largest fintech is looking to expand its appeal among wealthy customers

FT.com - Financial Markets
May 14, 2026

3i shares tumble after sales growth slows at discount retailer Action
Private equity group has relied on Dutch retailer to power its returns in recent years

FT.com - Financial Markets
May 14, 2026

Mortgage refixing, longer lags and eggs
Plus, US oil producers aren't drilling

FT.com - Financial Markets
May 14, 2026

Treasury repo investments could be another route to a slightly smaller Fed balance sheet
The US Treasury has proposed investing some of the idle cash it keeps at the Federal Reserve into money markets

FT.com - Financial Markets
May 14, 2026

Private equity backers slam ‘runaway' legal costs from top law firms
Body for pension and sovereign wealth funds wants costs shared between investors and buyout groups

FT.com - Financial Markets
May 14, 2026

Why Big Oil is opening new frontiers | FT Film
Suriname, South America's smallest and greenest country, is tying its future to a $10.5bn offshore oil development led by TotalEnergies

FT.com - Financial Markets
May 14, 2026

The new circular trade in private credit
Private capital groups have a new opportunity to buy significant risk transfers tied to credit funds

FT.com - Financial Markets
May 14, 2026

China's fuel exports fail to rebound after Beijing signals easing of ban
Data suggests shipments of refined fuels are not picking up in blow to Asian economies starved of supplies by Iran war

FT.com - Financial Markets
May 14, 2026

Bank of England set to water down stablecoin rules after industry pressure
Deputy governor says initial plans may have been ‘overly conservative' and central bank ‘looking very hard' at alternatives

FT.com - Financial Markets
May 14, 2026

Self-report fraud and walk free, New York prosecutors tell Wall Street
SDNY attorneys that took on Drexel and SAC Capital adopt more lenient stance on corporate wrongdoing

FT.com - Financial Markets
May 14, 2026

UK's financial ambulance-chasers are running out of road
The chances of claims management companies landing another big blow against the banks are fading

FT.com - Financial Markets
May 14, 2026

Will L&G be the City's next domino to fall?
The FTSE 100 group's chief executive says ‘this is our moment' but private capital rivals are circling

FT.com - Financial Markets
May 14, 2026

Chinese demand spurs US ethane exports to record high
Iran war leads to shortage of petrochemical feedstock naphtha, prompting plastic makers to hunt for cheaper alternative

FT.com - Financial Markets
May 14, 2026

China turns to US for help as Iran war upends plastics industry
Strait of Hormuz blockade prompts shortage of raw materials for everything from water bottles to car parts

FT.com - Financial Markets
May 14, 2026

Why Big Oil is opening new frontiers? | FT Film
Suriname, South America's smallest and greenest country, is tying its future to a $10.5bn offshore oil development led by TotalEnergies

FT.com - Financial Markets
May 13, 2026

Private equity cools on India amid lofty prices and economic jitters
Weaker dealmaking environment during turbulent period for country's financial markets

FT.com - Financial Markets
May 13, 2026

AI chipmaker Cerebras surges more than 100% in Wall Street debut
Trading pop underscores strong demand for shares in companies linked to AI boom

FT.com - Financial Markets
May 13, 2026

Cerebras boosts IPO price to raise $5.5bn
Chipmaker valued at $40bn in sign of high demand for AI stocks

FT.com - Financial Markets
May 13, 2026

Nationwide to crack down on payment message harassment
Ex-partners are subverting the ‘payment reference' feature in bank transactions to send abusive messages

FT.com - Financial Markets
May 13, 2026

UK regulator pushes private credit groups to share more data
Fast-growing market comes under greater scrutiny for potential risks after series of setbacks

FT.com - Financial Markets
May 13, 2026

US sells 30-year bonds at 5% yield for first time since 2007
The $25bn auction comes hours after data showing sharpest rise in producer prices since Russia's invasion of Ukraine

FT.com - Financial Markets
May 13, 2026

Private credit is not ‘a cancer', says Wall Street's top prosecutor
Manhattan US attorney Jay Clayton calls the industry a ‘great benefit to the US'

FT.com - Financial Markets
May 13, 2026

Saudi Arabia launched strikes against Iran
Riyadh wanted to show it was defending itself but told Tehran it was not joining broader US-Israeli assault

FT.com - Financial Markets
May 13, 2026

Shares surge in debut of power producer favoured by Trump energy agenda
Geothermal generator Fervo uses renewable energy technology that has garnered rare administration support

FT.com - Financial Markets
May 13, 2026

Italy's Ludoil agrees to buy Beny Steinmetz-linked Sicilian oil refinery
Russia's Lukoil sold the ISAB plant in 2022 to a Cypriot company backed by the convicted Israeli tycoon

FT.com - Financial Markets
May 13, 2026

Eric Trump joins Beijing trip as family-linked group chases China deal
Company with ties to US president's son has MOU with chipmaker that Congress warned is connected to Communist Party

FT.com - Financial Markets
May 13, 2026

Crispin Odey settles sexual assault claims
Financier had been sued for personal injury by women

FT.com - Financial Markets
May 13, 2026

Ex-SEC chair Clayton says he does ‘not see excess leverage' in private credit
Wall Street's top prosecutor says the industry helped the US recover faster than Europe from the 2008 crisis

FT.com - Financial Markets
May 13, 2026

Why UK assets are attractive despite the storm
The bearish outlook may only be shortlived, presenting opportunities for longer-term investors

FT.com - Financial Markets
May 13, 2026

Why scrapping quarterly earnings is a bad idea
US chief executives should be wary of putting their own convenience ahead of transparency

FT.com - Financial Markets
May 13, 2026

Scrapping quarterly earnings is a procrastinator's dream
US chief executives should be wary of putting their own convenience ahead of transparency

FT.com - Financial Markets
May 13, 2026

IEA warns of further ‘price spikes' as oil inventories plunge
Iran war has cut into oil consumption but not enough to halt ‘rapid' draw on inventories

FT.com - Financial Markets
May 13, 2026

Intertek set to agree £10.6bn takeover by private equity group EQT
Sweden-based buyout firm made ‘final' offer of £60 a share for UK company

FT.com - Financial Markets
May 13, 2026

India more than doubles tariffs on gold imports
The government wants to curb non-essential imports to protect the rupee

FT.com - Financial Markets
May 13, 2026

Disinflation disappears
Plus, UK gilts

FT.com - Financial Markets
May 13, 2026

MSCI removes 18 Indonesian stocks from global indices
Barito Renewables, Chandra Asri Pacific and Dian Swastatika Sentosa among those ejected

FT.com - Financial Markets
May 13, 2026

MSCI to cut some of Indonesia's biggest companies from global indices
Tycoon-owned Barito Renewables and Chandra Asri among stocks to be removed from Global Standard Index

FT.com - Financial Markets
May 13, 2026

MUFG seeks to offload risk tied to $2bn of private credit loans
Japanese lender in talks over risk transfer as private capital industry is under strain

FT.com - Financial Markets
May 13, 2026

Europe's few AI plays soar as US tech frenzy goes global
Investors hunt for winners in market that for years has lagged behind Wall Street's rally

FT.com - Financial Markets
May 13, 2026

Who do gilt investors want to lead Britain?
Andy Burnham seen as biggest risk to UK government bonds

FT.com - Financial Markets
May 13, 2026

Private credit isn't the problem — concentration is
Diversification is the foundation of good investing

FT.com - Financial Markets
May 13, 2026

Euroclear plans to accept HK-traded Chinese bonds as collateral
Proposal would boost Beijing's drive to internationalise the renminbi and counter dominance of US dollar

FT.com - Financial Markets
May 13, 2026

Hormuz closure stalls construction projects as material costs soar
Building schemes around the world are being held up by shortages of products derived from oil

FT.com - Financial Markets
May 13, 2026

JPMorgan is finally rolling out its consumer bank in Europe
Almost five years after launching its digital bank Chase in the UK, CEO Jamie Dimon is preparing to take on Germany

FT.com - Financial Markets
May 12, 2026

Ad ban for lab gems is diamonds' best friend
UK watchdog rules jewellers cannot use ‘diamond' in isolation in synthetic stones' adverts

FT.com - Financial Markets
May 12, 2026

China's big tech groups miss out on AI stock market frenzy
Tencent and Alibaba left behind as investors focus on pure AI plays

FT.com - Financial Markets
May 12, 2026

Can GameStop buy eBay?
What happens when a small company tries to buy a big company

FT.com - Financial Markets
May 12, 2026

Blue Owl retail fundraising evaporates amid private credit concerns
Fund it operates took in fraction of capital from year-ago level as worries mount over potential surge in loan defaults

FT.com - Financial Markets
May 12, 2026

Group linked to Trump sons asks US for extra $400mn for tungsten mine
Cove Kaz Capital has already secured up to $1.6bn in government support for project in Kazakhstan

FT.com - Financial Markets
May 12, 2026

Trump postpones beef tariff cuts over fears of hitting US cattle farmers
Abrupt change of plan signals chaotic approach to trade

FT.com - Financial Markets
May 12, 2026

CME plans to launch futures market for AI computing power
New contracts will allow traders and companies to bet on and hedge future price of GPU rental

FT.com - Financial Markets
May 12, 2026

Scottish Mortgage defends $1.25tn SpaceX valuation ahead of IPO
UK investment trust's valuation means its holding in Elon Musk's company is worth £3bn

FT.com - Financial Markets
May 12, 2026

Scottish Mortgage values SpaceX at $1.25tn ahead of blockbuster IPO
UK investment trust's valuation means its holding in Elon Musk's company is worth £3bn

FT.com - Financial Markets
May 12, 2026

‘How long can the gilt market act as the UK's political police?'
The bond vigilantes saddle up for Starmer

FT.com - Financial Markets
May 12, 2026

UK borrowing costs surge as Starmer leadership crisis rattles bond markets
30-year gilt yield at highest this century as cabinet ministers pressure prime minister to consider his position

FT.com - Financial Markets
May 12, 2026

Investment group EQT submits ‘final' £10.6bn offer for Intertek
FTSE 100 testing group comes under mounting pressure from shareholders to engage with buyout firm

FT.com - Financial Markets
May 12, 2026

Japanese snack maker goes black and white on Iran war supply crunch
Calbee to drain colour from packaging in response to rising prices of petroleum-based inks

FT.com - Financial Markets
May 12, 2026

UAE gas plant hit by Iranian attacks will not be fully repaired until 2027
Damage to Habshan facility highlights lasting impact of Middle East conflict on Gulf energy exports

FT.com - Financial Markets
May 12, 2026

Two ex-Carillion finance directors fined by accountancy regulator
FRC wraps up outstanding investigation into 2018 collapse of construction group

FT.com - Financial Markets
May 12, 2026

The Trump Trade 2.0
Plus, the ‘buy Europe' trade

FT.com - Financial Markets
May 12, 2026

Japan says Bessent offered ‘understanding' on yen intervention
Currency weakens after US Treasury secretary meets finance minister Satsuki Katayama

FT.com - Financial Markets
May 12, 2026

Japan says Bessent offered ‘understanding' on yen policy
Currency weakens after US Treasury secretary meets finance minister Satsuki Katayama

FT.com - Financial Markets
May 12, 2026

The UK strategy for the City needs more ambition
A hyperactive reform programme is not enough to drive the urgent national mission of driving growth and investment

FT.com - Financial Markets
May 12, 2026

The UK strategy for the City needs more ambition as market share slips
A hyperactive reform programme is not enough to drive the urgent national mission of driving growth and investment

FT.com - Financial Markets
May 12, 2026

The Gulf's dealmaking machine sputters
Bankers were on track for a bumper year until war broke out in February

FT.com - Financial Markets
May 12, 2026

Oil majors return to Alaska as state becomes ‘world's hottest play'
Exxon and Shell among those resuming Arctic exploration in Trump's ‘drill, baby, drill' era

FT.com - Financial Markets
May 12, 2026

Oil majors return to Alaska as US state becomes ‘world's hottest play'
Exxon and Shell among those resuming Arctic exploration in Trump's ‘drill, baby, drill' era

FT.com - Financial Markets
May 12, 2026

Hedge funds bet on biofuels to profit from Iran oil price shock
Traders expect corn and soyabeans to soar as demand for alternative fuel sources rises

FT.com - Financial Markets
May 12, 2026

HSBC convenes meeting of UK banks over climate risk
Central banks have warned that floods, wildfiress and rising seas could trigger defaults among household and corporate borrowers

FT.com - Financial Markets
May 12, 2026

HSBC convenes meeting of UK banks over climate risk disclosure demands
Central banks have warned that floods, wildfires and rising sea levels could trigger defaults among household and corporate borrowers

FT.com - Financial Markets
May 11, 2026

India's factory workers abandon jobs as city life gets too expensive
Middle East conflict pushes up price of cooking fuel and sends many urban migrants back to villages

FT.com - Financial Markets
May 11, 2026

US considers suspending fuel tax as Iran war pushes up prices
Republican Senator Josh Hawley introduces legislation after Donald Trump backs move

FT.com - Financial Markets
May 11, 2026

Hudson River generates $6.4bn in first-quarter trading revenue
Volatile markets fuelled by Iran war help to propel proprietary trading firm

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