Hong Kong weighs ‘big bang’ tax cuts for asset managers
Expansion of carried interest regime could mean zero levies on performance fees at hedge funds
Economic news
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Oil volatile as Iran lays out own terms to end conflict
Tehran rejects reports of US talks, while White House says ‘elements of truth’ to Washington offering peace plan
SpaceX boosts IPO ambition with plans to raise $75bn
Elon Musk’s rocket company told investors it hopes to go public with a $1.75tn valuation
Republicans back Iran war even as voters feel ‘Biden-level’ petrol price pain
Lawmakers aim to reassure constituents that cost increases are temporary
The other Strait of Hormuz shock
Disruption to commodities far beyond oil and gas will have a long-lasting impact
Senegal defends use of derivatives in €650mn of undisclosed borrowing
Cash-strapped nation says swaps gave it access to cheaper borrowing and denies deals were opaque