Global stocks lifted by US reprieve for Trump’s tech tariffs
President suggests need for ‘flexibility’ but insists smartphone carve-out is temporary
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Top pension funds cool on US
Plus, Treasury market turmoil, gold surges, and David Hockney at Paris’s Fondation Vuitton
UK lenders fret over risk-transfer market after BoE warning
Officials zeroing in on $1.1tn SRT market between banks and private capital investors
Why traders — and Trump — should thank the SEC
Shorter settlement times may have helped avert serious liquidity problems
Italy’s biggest refinery in crisis three years after sale by Russia’s Lukoil
Greek billionaire who is now facility’s majority investor clashes with Trafigura over terms of crude supply deal