US public pension funds pare allocations to private credit
Pullback underscores concerns about looser underwriting standards and rising credit risks
Economic news
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EU steelmakers plead for tariffs on cheap imports to avert collapse
Senior Thyssenkrupp executive warns industry is ‘not going to survive’ without emergency protection
‘Periphery’ stocks lead European market rally
Equities in countries at the heart of the region’s debt crisis over a decade ago are now thriving
UK should stop investing in carbon capture for power, government adviser says
Octopus chief says ‘enormous amounts’ of public money spent on technology should be saved
The bond doom-mongers have got at least one thing right
Pressure on government borrowing costs is building
How rising bond yields are boosting annuity buyers
Retirees benefit from the jump in borrowing costs — but other investors should be wary