Central banks must set a ‘high bar’ for interest rate cuts, the BIS warns

Stay informed with free updates Simply register for the Global inflation myFT Digest – delivered straight to your inbox. Central banks should not cut interest rates too quickly because of the risk of a new inflation flare-up, the Bank for International Settlements has warned. Policymakers around the world are considering how quickly to ease monetary … Read more

Thames Water warns that aging assets pose a ‘risk to public safety’

Unlock Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. Thames Water has warned its ageing assets “pose a risk to public safety, water supplies and the environment” in a report that lays bare the scale of the challenge facing Britain’s largest water company, which is … Read more

Defaults on leveraged loans are rising as the BoE warns of the ‘challenges’ of private equity

Stay informed with free updates Simply log in to the Private assets myFT Digest – delivered straight to your inbox. Defaults on loans to risky borrowers, a lifeline for private equity-owned firms, have risen by 250 percent, according to the Bank of England, which warned that the sector “faces challenges in the higher interest rate … Read more

North Sea tax regime as complex as ‘war zone’, oil company warns

Stay up to date with free updates Simply log in to the Oil and gas industry myFT Digest — straight to your inbox. The boss of one of Britain’s largest independent oil and gas producers has said the company is “very actively” looking for opportunities abroad, as he likened navigating the country’s tax regime to … Read more

Global election wave could hit UK financial system, Bank of England warns

The uncertainty caused by a global election wave starting in France this weekend threatens to destabilize the British financial system, the Bank of England has warned. Officials are concerned about the kind of policies newly elected governments can enforce in major economies, including the US, where Donald Trump is vying for another term as president … Read more

‘Market prices vulnerable to sharp correction,’ warns the Bank of England

Thursday, June 27, 2024 10:40 am Part Facebook Share on Facebook X Share on Twitter LinkedIn Share on LinkedIn WhatsApp Share on WhatsApp E-mail Share via email The Bank of England today published its financial stability report. The Bank of England has warned that investors are focusing solely on good economic news, causing asset prices … Read more

The world is heading for ‘food wars’, warns major commodity trader

Unlock the Editor’s Digest for free Roula Khalaf, editor-in-chief of the FT, selects her favorite stories in this weekly newsletter. The world is heading towards “food wars” as geopolitical tensions and climate change push countries into conflict over dwindling supplies, one of the world’s largest agricultural commodity traders said. “We have fought many wars over … Read more

Bowman of the US Fed warns that rate hikes may be necessary

Good morning. Here’s what happened that night and what you need to know today. Receive Standup in your inbox Registered with StandUp Stand up is a free morning newsletter with important news from around the world. You can update and view your newsletter preferences in your account. 1. Rate debate: Federal Reserve Governor Michelle Bowman … Read more

A top Federal Reserve official warns that the US central bank may have to raise interest rates again

Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. A top Federal Reserve official has backed more rate hikes if inflation remains at current levels. He says immigration and aggressive fiscal stimulus are likely to cause U.S. prices to rise faster than in other … Read more

Historian warns that the debt crisis will destroy American supremacy

By Dominic Yeatman for Dailymail.Com 05:32 June 22, 2024, updated 06:11 June 22, 2024 America’s status as the world’s greatest power will end for the same reason its predecessors did: crushed by a mountain of debt that politicians can easily ignore, historians warn. And the United States’ century at the top could come to an … Read more