UBS gates €400mn property fund for up to 3 years
Swiss bank said liquid assets in the Germany-based fund were insufficient to meet rise in redemption requests
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Donald Trump’s policy swings are creating instability, energy chiefs say
Industry that benefited from president’s cuts to regulation and green policy is wary of unpredictability
Should Sweden finally adopt the euro?
The case against membership of the single currency looks much less clear-cut than it did in the 1990s
Digital euro project clears key hurdle ahead of European parliament vote
MEP in charge of assessing the project is due to circulate a report fully backing an electronic version of the single currency
Investors seek ‘pain point’ that pushes Trump into policy pivots on Iran war
Also in today’s newsletter, Scott Bessent discussed ways to recast ties between Fed and Treasury in BoE’s image
Global forecasting group sees U.S. inflation at 4.2% this year, much higher than Fed estimate
The forecast is a sharp step up from the prior projection of 2.8%. Moreover, it is much higher than the 2.7% Fed officials estimated.