ter

Hedge funds bet on gold as refuge from ‘unfettered’ currency printing

Big-name investors such as Elliott and Caxton act on concerns over debasement of money




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Fund managers push LSE for shorter trading hours

Eight-and-a-half-hour day is needlessly long, say customers




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Intercontinental Exchange chief defends eBay approach 

NYSE owner did not ‘lose its mind’, says Jeffrey Sprecher




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NYSE to review circuit-breakers after sharp drops

US benchmark S&P 500 can drop a maximum 7 per cent before first protection kicks in




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LSE to pay dividend after riding market turbulence

Frantic trading across financial markets pushes revenues up at the exchange and financial data group




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Interactive Brokers takes $88m hit from crude futures collapse

Shares in brokerage firm drop overnight after it discloses payments to clearing houses




ter

Prince Andrew repaid own charity after queries from regulator

Charity Commission intervened over £350,000 of payments to Duke of York’s private secretary




ter

A £31bn merger and a master dealmaker in action

John Malone shows his adroitness in deal between Liberty Global and Telefónica




ter

China’s internet interference is TikTok famous

The video app loved by teenagers is powered by artificial intelligence and protectionism




ter

Muddy Waters/Luckin: got his mojo workin’

The after-effects of triumphant bets on Chinese companies should spur more gains for sceptics




ter

US reopening/stocks: dicing with disaster

Bullish investors and gung-ho governors are setting themselves up for a big reality check




ter

Rio weighs closure of Icelandic smelter as it struggles with power costs

ISAL facility remains unprofitable as aluminium producers face weaker demand and prices




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Europe steelmakers cut production after shutdown of car plants

Move illustrates how coronavirus impact is rippling through manufacturing supply chains




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Uranium enters bull market after Covid-19 hits supply

Prices rebound from March lows after miner Kazatomprom slashes production




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ConocoPhillips takes axe to production after $1.7bn loss

US oil producer pledges to reduce output by more than a third in June




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Chevron to slash spending further despite robust first quarter

Earnings of $3.6bn exceeded expectations ahead of collapse in global oil demand




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ExxonMobil suffers $610m loss after hit from oil and gas prices

Biggest US oil company takes $2.9bn charge to account for crude’s plunge




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Shortsighted complaints on short-termism

Shareholders’ incentives can make them more long-termist than company managers




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Vested interests are dragging South Africa down

Cyril Ramaphosa will be loath to take on the people who helped him to the ANC presidency




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Sibanye-Stillwater chief hails Lonmin deal

Neal Froneman highlights ‘lowest payback period’ after £285m purchase




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Dow enters bear market as pandemic declared

Investors fret over the level of economic stimulus Washington is likely to provide




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Asia stocks higher after latest US coronavirus stimulus

Shares rally this week on hopes that spread of pandemic may be easing




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Nationwide pulls tracker mortgages after historic base rate cut 

Mortgage products tracking base rate vanish as ‘the numbers no longer stack up’ 




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UK housing market put on hold after plea from banks

Coronavirus lockdown hits lenders’ ability to offer mortgages and evaluate properties




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Bank of Mum and Dad enters the bailout business

As young renters feel the pain, parents are having to bridge the financial gaps




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UK regulator to seek court ruling on business interruption insurance

Decision comes amid row between companies and insurers on what is covered under policies




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UK companies to shun business interruption insurance

Dissatisfaction grows as watchdog calls on courts to act quickly on Covid-19 disputes




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Take me to the world … of lockdown entertainment

What is it that makes an online performance really sing?




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Maybe Elon Musk won’t save me after all

My love affair with the Tesla chief can’t survive the pandemic




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Westminster loses battle over pension fund investments

Court rules government guidance that bans boycotts against foreign countries is unlawful




ter

Tom Wolfe, writer, 1930-2018

American literary and journalistic iconoclast who Norman Mailer said was the hardest working writer of his time




ter

Yasuhiro Nakasone, Japan prime minister, 1918-2019

A nationalist who could temper his dogma and made his presence felt across the globe




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Adidas backtracks on rent freeze after public outcry

Sportswear maker apologises but warns it cannot bear virus lockdown for long   




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Retail: fast fashion, interrupted

Coronavirus is highlighting more than the industry’s wasteful ways; its iniquitous supply chain is also in the spotlight




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Louis Bacon’s Moore Capital gains after going it alone

Billionaire investor hits winning bets in global macro after closing to external money




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European countries ban short selling after markets plunge

‘We are ready to go further,’ says French minister after issuing temporary prohibitions




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How Covid-19 tore through global markets in first quarter

Every major asset class has been disrupted




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A chasm between Wall Street and economic winter

Mike Mackenzie’s daily analysis of what’s moving global markets




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Crest Nicholson profits tumble after sales hit by Brexit paralysis

FTSE 250 housebuilder also takes charge for fire safety review after Grenfell tragedy




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Euro weakens after German court ruling on ECB’s bond-buying

Strategists expect concerns about eurozone stability to dent the currency




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Lagarde says ECB ‘undeterred’ by German court challenge

ECB intends to resist court injunction to justify its sovereign bond purchases




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Carsten Spohr seeks softer landing for Lufthansa

If Berlin agrees a €9bn bailout for the airline, it is likely to want a 25 per cent stake and board seats




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Deconstructed Watch: Zenith Chronomaster Revival Shadow

Discovery in Zenith factory attic helps watchmaker claim the first all-black wristwatch title




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Interview: Frédéric Arnault takes a bite out of Apple’s smartwatch market

Tag Heuer’s digital chief sees connected watches as a point of entry to the mechanical models




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US Treasury plumps for longer-term debt to fund $3tn stimulus

Details of historic borrowing plans send government bond yields higher




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Thermal coal prices collapse after virus lockdowns sap demand

IEA expects global consumption will decline 8% this year in largest drop since second world war




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TD Waterhouse looks at direct UK market access

Service would allow retail investors to place own orders on market




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National Grid RPI-linked 10-year sterling retail bond

Corporate bond links income and capital to inflation




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Santander Upfront Interest Bond

Three-year savings account will pay immediate returns straight away




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Cater Allen plan mirrors FTSE 100

Santander private banking arm’s six-year savings product