d

Saudi Telecom to pay $2.4bn for Vodafone Egypt stake

Prospective deal comes as Riyadh-listed STC seeks to expand regionally




d

South African miners applaud move to cut reliance on Eskom power

Pretoria has waived rules that prevented mining groups generating electricity for their own use




d

Angola’s state diamond group seeks global partners to become a top 3 producer

Endiama chief wants ‘radical change’ in overhaul of country’s scandal-hit gem industry




d

Sibanye-Stillwater chief hails Lonmin deal

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




d

AngloGold sells world’s deepest gold mine in South Africa exit

Move could pave way for company to shift primary listing to London




d

Anglo American ‘encouraged’ by South African move to loosen currency controls

Restrictions have hampered miner’s ability to move money out of the country




d

Sasol plans South Africa’s biggest rights issue in decades

Petrochemicals group to launch sale of up to $2bn in shares as part of debt reduction push




d

African health officials warn of chronic medical shortages

Central African Republic has just three ventilators for its 5m people




d

Takeaway suitor Naspers flaunts $8bn takeover budget

South African ecommerce group insists it remains in acquisition mode




d

UAE groups implicated in suspected violation of Libyan arms embargo 

Two Gulf companies shipped jet fuel to renegade general Khalifa Haftar, documents show




d

De Beers to cut diamond production by 20 per cent this year

World’s second-largest diamond miner cites disruption along the supply chain




d

Dow enters bear market as pandemic declared

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




d

US stocks fall 10% in worst day since 1987 crash 

Wall Street’s late sell-off came on top of Europe’s worst-ever single day performance




d

Philippines shuts financial markets indefinitely

Country becomes first in world to halt all stock, bond and currency trading




d

Wall Street has best day in decade as stimulus nears

S&P 500 closes more than 9% higher as investors cheer Fed backstops and political progress




d

Wall Street records first back-to-back gains in over a month

S&P 500 gives back some of its earlier rally as US stimulus package attracts objections on Capitol Hill




d

GPIF hunts for overseas bonds to escape Japan’s low yields

Strategy shift comes shortly after $1.4tn fund’s CIO tweeted he was stepping down




d

Samsung shares create Korea headache for US investors

Change in Kospi 200 composition prompts US venues to suspend related derivatives




d

Japan’s corporate cash-hoarders have moment in sun

Virus’s swift and unforgiving economic effect may silence activists




d

Hong Kong’s hidebound brokers face coronavirus reckoning

Viral outbreak has sped shift to online platforms, squeezing many traditional outfits




d

Coronavirus fears hit UK property market as viewings dry up

Buyers and sellers worry about risk of infection, say agents




d

Evictions ban aims to help tenants in rented homes

Emergency move to prevent people being thrown out because of virus




d

2.7m properties dragged into higher stamp duty band 

Rising prices and flat tax thresholds since 2015 mean more homes in London and Southeast are in the top band




d

Nationwide pulls tracker mortgages after historic base rate cut 

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




d

Fed buys more mortgage bonds as rates rise above 4%

US central bank accelerates purchases to stabilise market for securities backed by home loans




d

Non-bank lenders push for access to emergency state funding

Lobby groups led by UK Finance warn there is likelihood of ‘severe’ impact to borrowers




d

Lenders sound warning on mortgage holidays

Households urged to consider options such as reduced payments instead of delaying debt




d

UK property demand plunges as virus takes hold

60 per cent decline in sales predicted in the next three months




d

UK housing market put on hold after plea from banks

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




d

Banks say Fed rescue threatens mortgage hedging strategies 

Regulatory action sought to prevent intervention from having unintended consequences




d

US mortgage lenders face liquidity crunch

Non-bank lenders put on downgrade watch as sector braces for wave of borrowers not paying




d

Fannie and Freddie could need bailout if lockdown lasts

Regulator says US mortgage guarantors have sufficient resources for about 12 weeks




d

Moral hazard, again

There is a grim irony in the wealthy seeking bailouts due to bad bets on working people




d

UK property market moves into cold storage

Experts predict transactions could plunge 50 per cent year-on-year, but what could it mean for house prices? 




d

UK tenants pay less than half owed in rent

Many decide to hold on to cash, triggering disputes with landlords in commercial and residential sectors




d

£1m-plus mortgage borrowers pay over the odds

Interest rate disparity could add nearly £2,500 per month to the cost of servicing a £5m mortgage 




d

I’m buying a property — can I get a discount? 

Homebuyers trying to chip the price of property deals could be disappointed 




d

Bank of Mum and Dad enters the bailout business

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




d

Hot springs and baseball stadiums core to Japan’s national security

Activists wary after finance ministry names ‘core’ stocks covered by law on foreign investment




d

Unions and parent groups urge against early return to school

Calls for safety assurances despite concern over educational impact




d

Coronavirus: Pence aide tests positive for Covid-19 — as it happened




d

How a plot to overthrow Venezuela’s Maduro ran aground

Former Navy Seal who trained some of ragtag crew tells FT plan was ‘half-cocked’ and ‘inept’




d

Initial finding backs US health official over virus sidelining

Rick Bright’s lawyers say federal investigators recommend he be reinstated during probe




d

Neighbourhood walks: Aoyama, Tokyo

This is the first in a new FT Globetrotter series, in which correspondents and writers explore their local area up close. In Japan’s capital, despite the deserted shopping streets, nature is in full bloom




d

Slowly easing the lockdown and the rising costs

Boris Johnson will set his exit strategy on Sunday, but changes will be limited




d

Brighton theatre fears lockdown could bring curtain down permanently

Survival of coastal city’s vibrant arts scene will depend on community ‘being on the front foot’




d

Few precedents for grim US jobless numbers

Economists look back to the Great Depression for clues on the scale of the economic crisis




d

Coronavirus latest: Spain’s Sánchez urges caution as lockdown is eased




d

My First Million: Andy Scott, turnround specialist

‘There are no warranties when you take on an insolvent company’




d

My First Million: Mike Battle, LaplandUK founder

From hedge fund manager to making children’s festive dreams come true