Amid the rout, the Financial Times reported on Friday that hedge funds were hit with the biggest margin calls since the Covid pandemic. Several Wall Street banks asked hedge fund clients to stump up ...

Mark Wiedman was a potential future leader of the asset manager but will join a bank seeking to compete with majors ...

Also in today’s newsletter, a top Honda executive resigns, and Singapore start-up Airwallex seeks UK and US banking licences ...

Donald Trump said he is “not looking” at a pause in tariffs to allow for trade negotiations and that “many countries” are ...

The blue-chip S&P 500 lost 0.2 per cent, extending a historic sell-off at the end of last week that was sparked by the ...

Diageo has swapped a majority share of Cîroc vodka, one of the brands at the centre of a legal dispute with rap mogul Sean Combs, for a tequila brand backed by basketball star LeBron James.

Larry Fink said the US economy was “weakening as we speak”, warning the market ructions triggered by Donald Trump’s tariffs ...

CNBC anchors read out the headline on air, as they tried to explain why markets had started to soar. In all, the S&P 500 ...

Langone told the Financial Times the US president was being “poorly advised”, the 46 per cent tariff on Vietnam was “bullshit ...

The number of wildfires in the UK has soared above the historic average as firefighters battle blazes across Scotland and ...

The international trade system is broken — and Donald Trump’s reciprocal tariff doctrine will fix it. This long-overdue ...

The drop in Pershing Square Holdings, Ackman ’s London-listed investment trust, comes as the financier has turned sour on some of the US president’s policies in a major public reversal. The trust’s ...