Ares’ big play in private equity
A crucial gauge of risk in holding the debt of companies at the centre of the AI boom has hit a record high, private capital group Ares Management has held talks to acquire Leonard Green & Partners, a...
28 Jul 12min
Hike or hold: Investors split ahead of Fed decision
Investors raised their bets the Federal Reserve will raise rates on Wednesday after this month’s jump in oil prices. And, firefighting efforts were boosted in France and Spain as “violent” wildfires r...
27 Jul 11min
Oil hits $100 and drives global bond sell-off
The US unveiled new tariffs to replace old ones, oil’s jump above $100 deepened a global bond sell-off, and thousands of supporters of the youth-led “Cockroach” movement in India continued protesting ...
24 Jul 12min
US oil refineries race against dwindling supply
Tesla reported its first cash burn in more than two years in the second quarter, and US oil refineries are running at full tilt as wars in the Middle East and Ukraine choke global supplies of fuels su...
23 Jul 10min
The US has $13bn in Venezuelan oil money. Where is it?
Ukraine has a new commander-in-chief after days of protests, and FT calculations show the US has collected more than $13bn in revenues from Venezuelan oil sales this year, but it's unclear what has ha...
22 Jul 10min
UK chancellor John Healey inherits tricky finances
The US has said it will hit Canada with tariffs of 50 per cent on a wide range of goods, Chinese regulators are considering tightening export controls on AI and semiconductor technologies, and UK Prim...
21 Jul 11min
Andy Burnham’s first day
Andy Burnham enters No 10 today as prime minister, the US continued trading fire with Iran over the weekend, and Morgan Stanley has become Wall Street's top bank for AI debt deals. Plus, Germany’s cha...
20 Jul 11min
The Bethlehem Project: American identity after 250 years
The US celebrated its 250th anniversary this month during a very politically divided era. The FT’s Sonja Hutson went to a block party on Bethlehem, Pennsylvania’s main street to ask locals what they t...
18 Jul 19min
