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Capital markets

  • Tuesday, 1 July, 2025
    LexRetail sector
    Saks divisive debt reshuffle shows a retail sector under strain Premium content

    US department store chain has made some of its creditors very unhappy with their unequal treatment

    A Saks Fifth Avenue store in New York
  • Tuesday, 1 July, 2025
    Gilts
    Gilts rally as Bailey hints at reduction in BoE debt sales

    Central bank has come under pressure to slow quantitative tightening amid global bond sell-off

    BoE governor Andrew Bailey
  • Tuesday, 1 July, 2025
    Southern Water Ltd
    Southern Water secures £1.2bn bailout from Macquarie

    Deal with Australian investor will see lenders including Ares and Westbourne take significant haircuts on their debt

    Southern Water’s Swalecliffe wastewater treatment works near Whitstable in Kent, England
  • Tuesday, 1 July, 2025
    Sovereign debt
    When the president wants a ‘low rates guy’

    Last time he got what he needed instead

    A silhouette of US President Donald Trump with the US dollar in the background
  • Tuesday, 1 July, 2025
    UnhedgedRobert Armstrong
    The fall in the dollar is not scary Premium content

    And the big, beautiful bill

    A montage of $100 bills
  • Tuesday, 1 July, 2025
    US Treasury bonds
    RIP the convenience yield of US Treasuries?

    An inconvenient truth

  • Tuesday, 1 July, 2025
    Sustainable capitalism
    Aberdeen chair says ‘save the world’ claim by asset managers was a ‘mistake’

    Douglas Flint criticises ‘ridiculously extravagant claims’

    Douglas Flint, chair of Standard Life Aberdeen
  • Monday, 30 June, 2025
    South Korean business & finance
    S Korea lifts 14-year ban on ‘kimchi bonds’ after dollar-backed stablecoins frenzy

    Regulator allows locals to purchase foreign currency debts issued onshore as it seeks to offset capital outflows

    Employees in a trading room at Hana Bank in Seoul work at desks with multiple computer monitors displaying financial data. One person points at a screen with a pen, while another observes closely
  • Monday, 30 June, 2025
    Hedge funds
    Hedge funds seek to expand into private credit

    Millennium, Point72 and Third Point among those seeking to push into popular asset class

    Logos of Millennium Management, Point72 and Third Point with chart
  • Saturday, 28 June, 2025
    The Long ViewKatie Martin
    Time to give the euro a glow-up

    The drumbeat of support for Europe to make its move to challenge the dollar is growing

    A Euro coin set against a blue, glittery background
  • Friday, 27 June, 2025
    Meta Platforms
    Meta seeks $29bn from private credit giants to fund AI data centres

    Apollo, Brookfield and Pimco among the lenders in talks with Mark Zuckerberg’s social media group

    Mark Zuckerberg delivers a speech, as the letters AI for artificial intelligence appear on a screen
  • Friday, 27 June, 2025
    Moral Money
    Governments will be key to fixing the carbon credit market Premium content

    New intergovernmental initiative should boost spirits in a sector that has taken a battering

    People stand in line as Greenpeace activists display a large screen saying “COP30 Remember Paris? Time to act!” in front of the Climate Change Conference in Bonn
  • Friday, 27 June, 2025
    Bank of England
    BoE urged to curb bond sales investors say could ‘reignite’ sell-off

    ‘Quantitative tightening’ is driving up borrowing costs and piling pressure on public finances, according to fund managers

    The Bank of England on Threadneedle Street in London
  • Friday, 27 June, 2025
    Private equity
    Inside the private equity-insurance nexus

    When the world’s dullest industry gets very exciting

    A bas-relief of an Ouroboros, a serpent eating its own tail, encircling three budding flowers on a textured stone surface
  • Thursday, 26 June, 2025
    Fund management
    Fears over US debt load and inflation ignite exodus from long-term bonds

    Investors have exited funds at fastest rate since 2020 at height of Covid pandemic

    A floor-based market maker at the New York Stock Exchange
  • Thursday, 26 June, 2025
    ESG investing
    Top US companies walk fine line on climate amid competing pressures

    Groups are maintaining environmental commitments but trimming messaging about it

    People walk next to a Google logo
  • Wednesday, 25 June, 2025
    Czechoslovak Group
    Czech arms maker slashes interest costs as investors pile into defence sector

    CSG, which supplies ammunition to Ukraine, capitalises on rush of enthusiasm for industry with €1.8bn bond deal

    An Excalibur Army Dita self-propelled gun howitzer outside the Czechoslovak Group factory in Sternberk, Czech Republic
  • Wednesday, 25 June, 2025
    Exchange traded funds
    First ETF tracking ‘autocallable’ structured products launched in US

    New fund underlines push to package up complex financial instruments in vehicles available to retail investors

    Trader sits in front of bank of screens
  • Wednesday, 25 June, 2025
    Special ReportBusiness School Debates
    Business school teaching case study: what’s in a label?

    Companies and investors must decide whether to pursue tailored certifications or broader ones that cover more ground

    Worker displays a jar of Dr. Bronner’s Organic Virgin Coconut Oil in a food processing facility
  • Tuesday, 24 June, 2025
    Emerging market investing
    Emerging markets defy investor gloom to outshine developed world

    Currencies, bonds and stocks rally as global fund managers diversify away from dollar assets

    Emerging markets currencies, Brazil, Mexico, South Africa, Turkey
  • Monday, 23 June, 2025
    Moral Money
    ‘ESD’: an investor framework for an era of upheaval  Premium content

    Investors must pay more attention to ‘emerging, strategic and disruptive’ factors, new paper argues

    DWS Group logos on banners hanging outside the Frankfurt Stock Exchange
  • Monday, 23 June, 2025
    Semiconductors
    US semiconductor maker Wolfspeed to file for bankruptcy

    Supplier to EV companies cites deal with creditors to reduce near $6.5bn debt by 70%

    A Wolfspeed 200mm silicon wafer
  • Sunday, 22 June, 2025
    Sovereign bonds
    Pimco bets on long-term Japanese debt in ‘dislocated’ market

    Bond investing group buys as long-term borrowing costs soar to record highs

    Pimco headquarters in Newport Beach, California
  • Friday, 20 June, 2025
    Moral Money
    The EU’s struggle to stop funding Putin’s war Premium content

    Hungary resists Russian gas phaseout amid wider regional discontent with EU energy policy

    Péter Szijjártó, Hungarian foreign affairs and trade minister, buttoning his suit jacket as he arrives for a meeting
  • Thursday, 19 June, 2025
    Free LunchMartin Sandbu
    European common debt is the way to topple the dollar Premium content

    It’s high time for the EU to overcome its childish resistance to permanent joint borrowing

    The EU flag is prominently displayed inside the European parliament. Below it, a collection of flags representing EU member countries is arranged in a row
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