Adam Samson

Falling French inflation sparks hope of end to Europe’s price surge

Lower energy prices helped push inflation down in France, as European stocks rose on growing expectations that inflation has peaked across the region. French inflation fell to 6.7 per cent in the year to December, against economists’ expectations of…

Changpeng ‘CZ’ Zhao, crypto’s last man standing

We’ll send you a myFT Daily Digest email rounding up the latest Changpeng Zhao news every morning. On Tuesday afternoon Changpeng Zhao, chief executive of the world’s largest crypto exchange, picked up the phone to his one-time partner turned arch…

Turkey raises $1.5bn in dollar bonds as emerging market sell-off cools

Turkey has issued $1.5bn in new dollar bonds in a sign of how this year’s vicious sell-off in emerging market debt has eased in recent weeks. The country sold the five-year debt at a yield of 10 per cent, Turkey’s Ministry of Treasury and Finance…

Turkish finance minister defends country’s economic links with Russia

Turkey’s finance minister has defended Ankara’s economic ties with Russia as “good neighbourly relations” even as western governments raise concerns that the country is serving as a backdoor for Moscow to evade sanctions. Nureddin Nebati said…

Turkey cuts benchmark interest rate despite rampant inflation

Turkey slashed its benchmark interest rate for the third consecutive month as president Recep Tayyip Erdoğan pushed ahead with a plan to bring down borrowing costs even as the country fights a powerful spell of inflation. The country’s central bank…

‘Volatility vortex’ slams into $24tn US government bond market

The $24tn US Treasury market has been hit with its most severe bout of turbulence since the coronavirus crisis, underscoring how big swings in international bonds and currencies and jitters over US rate rises have spooked investors. The Ice BofA Move…

US stock futures slide and Treasury yields rise ahead of key Fed meeting

US stock markets were tipped to fall at the open on Monday and the yields on government debt pushed higher as investors looked ahead to the prospect of additional monetary policy tightening by the Federal Reserve. Ahead of the start of trading on…

Euro hits lowest level in two decades as gas prices soar

We’ll send you a myFT Daily Digest email rounding up the latest Energy crisis news every morning. The euro slumped on Monday to its lowest level since 2002 as a fresh surge in gas prices heightened worries over the region’s economy. Europe’s common…

Live Q&A: What’s next after the crypto market crash?

Crypto is in the midst of one of the worst market crashes the relatively new industry has ever witnessed. Since the peak of last year’s bull run, the most popular crypto tokens such as bitcoin and ether have plummeted by roughly 70 per cent, while…

Coinbase-backed Vauld halts withdrawals as crypto credit crisis intensifies

Vauld, a crypto lender backed by Coinbase and investor Peter Thiel, has halted withdrawals and trading on its platform as the credit crisis in the digital asset market intensifies. The company, which offered clients annualised returns of up to 40 per…

Crypto hedge fund Three Arrows files for US bankruptcy

We’ll send you a myFT Daily Digest email rounding up the latest Three Arrows Capital news every morning. Three Arrows Capital has filed for bankruptcy in the US, highlighting the scale and reach of the prominent crypto investment firm’s borrowings…

ECB to design new bond-buying plan to tackle market turmoil

We’ll send you a myFT Daily Digest email rounding up the latest European Central Bank news every morning. The European Central Bank has sought to tackle fears that the eurozone is on the cusp of another debt crisis, saying it would speed up work on a…

Bitcoin tumbles as crypto lender Celsius halts withdrawals

Bitcoin and other leading cryptocurrencies tumbled on Monday after $12bn lender Celsius Network halted customer withdrawals, in the latest sign of intensifying strains across the digital assets industry. The fall followed a suspension of withdrawals…

Will eurozone inflation accelerate to a new high?

We’ll send you a myFT Daily Digest email rounding up the latest Global Economy news every morning. Eurozone inflation has been rising for 10 consecutive months and most economists think it has further to go. Annual consumer price growth is expected…

Binance promoted terra as 'safe' investment before $40bn collapse

Binance promoted terraUSD as a “safe” investment just weeks before the stablecoin and its counterpart luna collapsed in a $40bn wipeout that shook the crypto industry. The world’s biggest crypto exchange advertised on April 6 an investment scheme in…

Tether breaks $1 peg as pressure mounts on world’s biggest stablecoin

We’ll send you a myFT Daily Digest email rounding up the latest Tether Ltd news every morning. Tether has vowed to maintain its peg against the dollar “at all costs” after a tumble in the price of the world’s most important stablecoin heaped fresh…

US government bond prices fall further ahead of key Fed meeting

Make sense of what’s happening in the financial markets and how Wall Street's best minds respond, with our Unhedged bulletin. Delivered every weekday. US government bonds came under renewed selling pressure on Monday as traders prepared for the…

European bonds hit with renewed selling after ‘hawkish ECB pivot’

European government bonds were hit with a fresh wave of selling on Friday as traders ratcheted up their expectations that the European Central Bank will assume a far more aggressive tack in pushing back against record inflation. Short-term debt,…

Rokos hedge fund made £900m profit in early days of pandemic

We’ll send you a myFT Daily Digest email rounding up the latest Hedge funds news every morning. UK hedge fund manager Chris Rokos and his partners made more than £900m in profits during the initial wave of the pandemic, after a stellar performance…

European stocks hit new record high in 2022 debut

Make sense of what’s happening in the financial markets and how Wall Street's best minds respond, with our Unhedged bulletin. Delivered every weekday. European stock markets climbed to a new all-time high in the first trading session of 2022, with…