Overseas renminbi lending surges as China steps up campaign to de-dollarise

China’s overseas lending in renminbi is soaring, as Beijing steps up its efforts to expand the currency’s role in international finance and reduce the country’s exposure to the US dollar. External renminbi loans, deposits and bond investments by Chinese banks quadrupled to more than Rmb3.4tn ($480bn) over the past five years, as policymakers more aggressively … Read more

Trump says he is ending trade negotiations with Canada

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world President Donald Trump said he had ended trade talks with Canada in retaliation for an anti-tariff advertising campaign launched by the province of Ontario, triggering a new commercial crisis with America’s northern neighbour. … Read more

The Trump Supremacy

At September’s rally-scale memorial for Charlie Kirk, Donald Trump rejected the assassinated Christian nationalist’s spirit of forgiveness. “That’s where I disagreed with Charlie,” Trump confessed. “I hate my opponent, and I don’t want the best for them. I’m sorry.” With the exception of that apology, few doubted that he was speaking from the heart. Almost … Read more

Pension funds scoop up ex-private equity executives

Stay informed with free updates Simply sign up to the Pensions industry myFT Digest — delivered directly to your inbox. Big pension funds are scooping up private equity professionals seeking refuge from a downturn in the sector that has restricted the carried interest payments that traditionally made up most of their pay. Professionals from mid-market … Read more

Blackstone-backed theme park giant under pressure after debt sell-off

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Blackstone-backed Merlin Entertainments is under increasing financial strain ahead of a critical refinancing, as the Legoland-owner’s weak performance has led to a sell-off in its bonds and heightened fears over a potential restructuring. On Tuesday … Read more

America’s risky bid to make Argentina great again

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world What does the acronym “Maga” represent? Most US voters, if asked, would cite the “Make America Great Again” movement championed by President Donald Trump. But this week Treasury secretary Scott Bessent gave the … Read more

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