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How the tech billionaires are planning to send you into space
...His latest, announced just over a week ago, is a state-backed cryptocurrency called the petro which he said would help Venezuela circumvent US sanctions....
A round-up of the big stories being watched by the FT this week
Tuesday’s top stories from the FT
Seb Morton-Clark looks at some of the big stories of the coming week
FT briefing on Tuesday’s top stories
Briefing of Wednesday’s top stories
Friday's top stories from the FT
Tuesday’s top stories from around the world
...Mr Low allegedly steered $700m of the Petro Saudi fundraising to an account he controlled, which he distributed using layers of shell companies....
Facebook and Google in race for a billion potential internet users
The FT provides Friday’s top stories
Briefing of the day’s top stories
Briefing of the day's top stories
The FT provides Tuesday’s top stories
...While Abu Dhabi sits on most of the country’s oil – which accounts for just under 10 per cent of the world’s proven oil reserves – neighbouring Dubai has a much smaller petro-cushion and has been forced...
...Bankers said there had been interest in Russian consumer groups that have benefited from the influx of petro-dollars into the retail sector, but said the pipeline for Russian IPOs in London was thinning...
...Minimal mention of “petro-dollars” guaranteed....
...As Dubai re-cycles the petro-dollars it receives indirectly, the emirate is clearly ready to do a bit of political stress-testing as it spreads its financial risk....
...The two pension funds, Previ and Petros, hired Credit Suisse First Boston, which is believed to have valued the company at R$60 a share....
...Although Dubai is not a large oil producer, experts say its role as a financial entrepôt in the Arab world means billions of petro-dollars are likely to underpin the investment plans of its rulers, the al-Maktoums...
...Japan Tobacco, the world’s third largest tobacco company, was 0.8 per cent lower at Y1.25m as it denied reports that its Russian production subsidiary Petro could be forced to halt production after tax authorities...
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