Markets

Markets Live news updates: Economic headwinds knock Dell shares despite upbeat earnings

Two Estonian citizens have been arrested and charged in connection with what US prosecutors described as a $575mn cryptocurrency fraud and money laundering scheme. Sergei Potapenko and Ivan...

Markets Crypto exchanges’ bundling of services threatens stability, says BoE

Crypto exchanges such as the bankrupt FTX that bundle together services kept separate by mainstream institutions should be more tightly regulated before they become a risk to the financial system,...

Markets The good, bad and ugly in the COP27 agreement

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Markets European stocks slip on China Covid fears

Global stocks opened the week lower and the US dollar rallied, as rising Covid-19 cases in China dented investors’ hopes that the country might be about to loosen its tough virus control measures....

Markets The strong dollar slumps

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Markets Live news updates: Guangzhou locks down district as Hong Kong leader tests positive for Covid

The US is preparing for the Thanksgiving Day celebrations, so expect the traditional run of travel chaos and road gridlock stories in the days leading up to the national holiday on Thursday. Then...

Markets FirstFT: FTX businesses owe more than $3bn to largest creditors

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Markets Cost of UK plan to break Big Four stranglehold rises to £1bn

The cost of plans to break the dominance of the Big Four accounting firms by forcing the largest UK companies to hire two sets of auditors has risen fivefold to about £1bn over 10 years, according...

Markets Will Turkey cut interest rates again despite roaring inflation?

Will Turkey slash interest rates again? Turkey’s rate-cutting streak is set to continue when policymakers meet on Thursday, as its president calls for its key interest rate to fall to single...

Markets Crypto should be regulated with existing law, says former FDIC head

The collapse of the cryptocurrency exchange FTX shows that US regulators must combine forces and use existing powers to protect investors rather than wait for new laws, urged Sheila Bair, who...

Markets Xiaohongshu sheds up to half its implied value in private markets

Xiaohongshu, the wildly popular social media platform considered to be China’s answer to Instagram, had been riding high last year. With a loyal following of millennial women and an audience...

Markets BP praises Biden climate law while expanding US shale operations

BP’s US boss said Washington’s new climate law would put its green plans in the US “on steroids”, even as the oil supermajor says it will expand its shale oil and gas business in the country....

Markets Livent warns of lithium roadblock to rollout of electric cars

Persistent shortages of lithium over the next decade will lead to fewer car sales and hit the cheaper end of the market hardest, the head of one of the biggest producers of the vital battery metal...

Markets Financial literacy: educating youngsters to be right on the money

Money. Everybody wants it. But not everyone understands it. Financial literacy in America is not only low but has steadily declined over time. That is the conclusion of research from Finra,...

Markets A bit more fear, uncertainty and doubt about crypto is welcome

The silver lining to the spectacular collapse of FTX is hard to see if you are one of the 1mn or so creditors in the crypto exchange’s bankruptcy proceedings. That mix of professional groups and...

Markets Nickel dogged by liquidity concerns and price volatility

The wild swings in the nickel price have pointed up the long road ahead for the London Metal Exchange in its efforts to regain the market’s confidence in using its global benchmark for trading the...

Markets Oil prices slide on mounting demand worries

Oil prices fell sharply on Friday as mounting concerns about weakening fuel demand in China outweighed fears that Russian supply could drop next month when tighter EU sanctions on its crude...

Markets BHP/copper: better offer for OZ shows increasing conviction in red metal’s potential

Copper has lots of fans in the mining industry. For the energy transition, few metals matter more. As an example, electric vehicles need roughly three to six times the copper of conventional...

Markets The Alameda-FTX death spiral

Crypto has many problems. But the transparency of on-chain transactions does occasionally offer some pretty fascinating insights into shenanigans like the fall of Sam Bankman-Fried’s magic...

Markets Coinbase’s Brian Armstrong: ‘I’m just as bullish on crypto as ever’

Ahead of my lunch with crypto exchange chief Brian Armstrong, his team tell me they had tried to find a decent restaurant in San Francisco that accepted crypto as a payment. But alas, no luck. ...