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Donald Trump
Trump’s lawyers say he cannot raise bond in $464mn fraud case
...The $91.6mn bond was underwritten by a subsidiary of the Chubb corporation....
March 18, 2024
BBC
New BBC chair to exit TV business ahead of appointment
...Shah’s formal arrival as chair of the national broadcaster has been delayed until the next meeting of the privy council, which will rubber stamp his appointment....
February 10, 2024
FT Live
Global Insurance Summit
Strengthening resilience, capital and innovation as systemic risks evolve
Thursday, 13 JuneLondon, UK
News in-depthEU-China relations
Europe turns on China’s Nuctech after decade of awarding security contracts
...But Nuctech is a subsidiary of Tsinghua Tongfang, which is partly owned by China National Nuclear Corporation, a powerful civilian and military nuclear group....
April 25, 2024
Donald Trump
Trump claims he may need ‘fire sale’ to pay $464mn fraud judgment
...One of the largest penalties imposed on a New York corporation, the judgment has ballooned the former president’s legal costs, which he is struggling to cover while mounting a campaign for the presidency...
March 19, 2024
Rare earths
The rare earths mine becoming a bellwether for US minerals policy
...A site close to Kruger National Park in South Africa is becoming a testing ground for US attempts to fight China’s global dominance in critical minerals....
April 21, 2024
Donald Trump
Trump loses bid to delay enforcement of $450mn NY fraud verdict
...“This obligation is going to be a tough one,” said one surety bond broker. “You don’t just walk in and ask for a bond.”...
February 28, 2024
FT Live
Global Private Banking Awards 2024
Celebrating excellence in wealth management
Thursday, 7 NovemberThe Landmark London, London, UK
Letter
Letter: It’s worth recalling how Clinton achieved a budget surplus
...By the end of that year, Clinton had cut federal regulations in half and the federal workforce by 252,000, and a Democratic Congress had passed significant tax increases on corporations and high-income individuals...
May 1, 2024
Donald Trump
The subprime-loan billionaire behind Trump’s $175mn bond
...Hankey has backed prior Trump campaigns and gave more than $100,000 to the Republican National Committee in the 2016 election cycle....
April 2, 2024
US Election Countdown
The billionaire helping Trump hold on to his real estate
...He gave more than $100,000 to the Republican National Committee for the 2016 election and has supported previous Trump runs....
April 4, 2024
Edward Luce
Why no one will lend to Trump
...Unfortunately for Trump, it seems no lenders will provide him with the surety bond to cover his damages....
March 20, 2024
BBC
Tim Davie calls for BBC licence fee reform
...BBC director-general Tim Davie has called for reform of the licence fee as part of a broader strategy to turn Britain’s national broadcaster into a more commercial operation....
March 26, 2024
News in-depthAnglo American PLC
Why South Africa is Anglo American’s ‘poison pill’
...Anglo, whose largest investor is South African state entity Public Investment Corporation, on Friday rejected BHP’s offer as “highly unattractive”. BHP has until May 22 to submit a formal bid....
April 26, 2024
News updates from April 23: Tesla to speed up launch of ‘affordable’ models; US regulator bans non-compete agreements
What to watch in Asia today
...Events: The standing committee of China’s National People’s Congress begins a three-day meeting to review proposed legislation....
April 23, 2024
Edward Luce
Democracy dies in Trumpian boredom
...He took out a $91.6mn surety bond to pay defamation damages to his sexual assault victim, E Jean Carroll....
March 13, 2024
World
FirstFT: Federal Reserve sparks market rally
...lawyer for the attorney-general’s office, argued that the former president could piece together a series of smaller bonds, or use his real estate portfolio to secure bank credit that could then back a surety...
March 21, 2024
FT Live
Financial Adviser Service Awards 2024
Who gives you 5 star service?
Thursday, 21 NovemberNatural History Museum, Cromwell Road, London, UK
China Electronics Technology Group Corporation
China anti-graft agencies investigate top defence group executive
...Chinese anti-corruption authorities are investigating a senior executive at one of the country’s top military equipment suppliers, China Electronics Technology Group Corporation, in a new sign of turmoil...
April 9, 2024
Jefferies Group Inc
Jefferies boss sells $65mn in stock to buy a customer’s yacht
...It was taken over in 2012 by Leucadia National Corporation, an oil-to-beef conglomerate, but the merged company pared back its other investments to focus solely on investment banking work....
April 24, 2024
UK politics
UK spending watchdog should probe Teesside freeport project, say MPs
...The MPs said the watchdog’s probe should be extended to the development corporation and combined authority overseeing the scheme locally, both of which are chaired by Houchen....
April 25, 2024
Exchange traded funds
China ‘national team’ ETF buying reaches $57bn this year, says UBS
...Corporation, which has joined state-backed local asset managers and insurers in purchasing ETFs as part of efforts to boost the beleaguered stock market of the world’s second-largest economy....
March 4, 2024
City of London
Gove pauses City of London plan to demolish old Museum of London
...The levelling up secretary had pushed for the retailer’s current Art Deco flagship to be refitted, rather than knocked down, but the court found he had “misinterpreted the national planning policy”....
April 17, 2024
US presidential election 2024
Biden to propose big tax rises for billionaires and corporate America
...The plans are intended to cut the US’s record national debt by $3tn over the next decade....
March 7, 2024
News updates from February 27: McKinsey touted its advice to Chinese government, EU parliament bars Amazon lobbyists
Risers and fallers in the US
...Offshore Oil Corporation Shares of Constellation Energy jumped more than 16 per cent to a record high after the clean energy producer shared a bullish outlook and plans to increase its dividend...
February 27, 2024
Pension Insurance Corp Ltd
Apollo, Carlyle and KKR weigh bids for Pension Insurance Corporation
...Such insurers tend to hold a higher proportion of illiquid assets, and the fund has urged national regulators to consider the risks to the wider financial sector....
December 14, 2023
News in-depthBBC
New BBC chair Samir Shah faces daunting in-tray
...Tasked with vetting the 71-year-old former non-executive director of the UK’s national broadcaster, the House of Commons media committee said he was “appointable as chair”....
January 4, 2024
News updates from February 27: McKinsey touted its advice to Chinese government, EU parliament bars Amazon lobbyists
Chevron warns Exxon and Cnooc could scupper $53bn Hess deal
...Chevron has warned that its $53bn acquisition of Hess could be thwarted by rival oil groups ExxonMobil and China National Offshore Oil Corporation, which are asserting their right to pre-empt its purchase...
February 26, 2024

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