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...In contrast to central banks in North America and Europe, China has cut key borrowing rates over recent years....
...As well as a gallery of international hedge funds and money managers, it included more than half a million ordinary investors in places such as Italy....
...“I wanted to have a moment in the show which is not controlled,” says the German theatre director Thomas Ostermeier of his scorching version of Ibsen’s An Enemy of the People, about to open in London’s West...
...Through both direct and indirect stakes, the firm already has exposure to several baseball teams, including the Boston Red Sox and the Los Angeles Dodgers, as well as a number of basketball franchises, such...
...It is something to watch for as the European reporting season for banks kicks off in earnest next week....
...Over the past decade or so, CLOs have become a go-to source of supposedly safe yield for life insurers, Japanese banks and other global investors....
...Dear reader, There is always a lot to read up on after a holiday weekend — especially with the absence of the Lex newsletter last Friday as we all switched from producing commentary to consuming chocolate...
...Thomas Jordan, the long-standing chair of the Swiss National Bank, announced his resignation on Friday, bringing to an end a turbulent tenure of unorthodox policymaking....
...He served as Ecuador’s vice-president from 2013-18 under Rafael Correa, a leftwing ally of López Obrador....
...Mexico, Latin America’s second-largest economy, is all but certain to elect its first female president on June 2, as well as choosing a new congress....
...“He brought me to America in the ’70s when England was in black-and-white. America was in colour.”...
...Capital managers are buying up credit groups as the business of lending shifts away from banks, and as long-dated insurance premiums become the funding of choice....
...As the US election approaches, there is more and more attention on why the buoyant state of America’s economy isn’t translating into a more favourable outlook for Joe Biden in the White House....
...Good hair and a lofty valuation: a rare stumble poses the question, is L’Oréal worth it? Have a great week, Helen ThomasHead of Lexhelen.thomas@ft.com...
...JB Perrette, chief executive and president of global streaming and games at Warner Bros Discovery, pointed to several new shows this year as well as all live action from the Olympic Games in Paris as a means...
...The involvement of a prominent state-owned bank signals a new level of impatience among creditors as a cash crunch for property developers continues to worsen....
...But some European banks — and this week Lex looked at ING — are doling out funds to shareholders from a position of relative strength. ING may also have an answer on how to keep this going from here....
...Cutting Edge Group (CEG), a music financier, publisher and record label based in London, has secured $500mn from a syndicate of four banks, led by US lender Fifth Third Bank and Northleaf Capital....
...Have a great week, Helen ThomasHead of Lexhelen.thomas@ft.com...
...The synthetic variant keeps assets on a bank’s balance sheet but transfers a portion of the credit risk to third parties such as hedge funds via derivatives or guarantees....
...BNP Paribas has won approval to set up a fully owned securities brokerage in China, the first regulatory green light of its type for months as the eurozone’s biggest bank makes a fresh bid to expand in the...
...There is certainly a sense of gloom about, with almost daily bouts of uncertainty around how quickly central banks can or will cut rates, combined with a slow drip of stories about job losses, notably in...
...China’s gross domestic product increased 5.3 per cent in the first quarter against a year earlier, beating expectations as Beijing tries to steer a manufacturing-led revival of the world’s second-largest...
...As part of its growth strategy, BBC Studios has also increased its debt facility with a consortium of commercial banks from £350mn in 2022 to £600mn this year, the FT can reveal, and has government permission...
...They are pushing ahead with a series of cases designed to curb the power of companies such as Alphabet, Apple, Meta and Amazon. The ultimate sanction of a forced break-up is unlikely....
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