Lawfare comes for the dollar
The attack on Jay Powell and the Federal Reserve is a serious threat to the position of the US currency
Economic news
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Coutts in talks with Apollo and Ares over private markets funds for rich clients
Negotiations come as asset managers turn to retail investors after slowdown in flow of cash from institutional backers
Billions from a million: the London VC that hit the jackpot with Revolut
Balderton Capital led $75bn fintech’s first funding round and retains substantial stake even after cashing out $2bn
Japan fuels talk of yen intervention as ‘Takaichi trade’ roars back
Finance minister Satsuki Katayama says US Treasury secretary shares Tokyo’s concerns about currency’s weakness
Japan’s finance minister fuels talk of yen intervention as ‘Takaichi trade’ roars back
Satsuki Katayama says US Treasury secretary shares Tokyo’s concerns about currency’s weakness
Italian steel plant demands €7bn in damages from ArcelorMittal
State-appointed administrators file complaint to Milan court about ‘mismanagement’ of the Taranto site by former owner