Investing

In this article C Jane Fraser, chief executive officer for Latin American at Citigroup Inc., smiles during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. The conference brings together leaders in business, government, technology, philanthropy, academia, and the media to discuss actionable and collaborative solutions to some of

Uefa president Aleksander Ceferin has said it is “impossible” to tell how sport’s boycott of Russia would end, after the footballing body moved to ban Russian clubs from its tournaments and scrap a lucrative sponsorship deal with Gazprom. Ceferin described the war in Ukraine as “a most terrible situation” and told the Financial Times Business

During sleepless nights in postwar London, the unknown and impoverished artist Frank Auerbach panicked that he could no longer afford paint and would have to stop working. The possibility seemed real enough, given the lavish volumes of pigment slathered on, piled up, solid yet mysteriously animated, in his dizzying configurations of beams and planks, towering

Getting your first credit card can be a challenge. Few banks will offer a regular credit card to someone without a credit history—and how do you build a credit history and establish a solid credit score unless you have a credit card? Not having a credit history creates other problems, too. It can make it difficult,

Oil shot to its highest level in more than nine years and wheat prices climbed above $11 a bushel for the first time since 2008, amid indications that Russian forces had seized the city of Kherson in southern Ukraine. Brent crude rose as much as 4.7 per cent to $118.22 a barrel, the highest since

Good morning. Federal Reserve chair Jay Powell gave markets a comfy bump yesterday, just by saying what they already believed — that the Fed will begin increasing rates in March. He still thinks a soft landing can happen. Maybe we’ll write about that sometime. Today, we look at what the Securities and Exchange Commission is

Insurance companies set premiums based on risk and on factors they’re allowed by law to take into consideration. Insurers can’t set premiums based on an applicant’s race or religion, for example. But insurance companies traditionally have tied gender to an applicant’s risk, so it’s often been a factor in setting premiums. However, insurers can’t always

The Pentagon has postponed a scheduled intercontinental ballistic missile test, in an effort to reduce the chances that it would be “misconstrued” by Moscow just days after Russia’s President Vladimir Putin raised the alert level for his nuclear forces. Lloyd Austin, the US defence secretary, ordered the delay of a long-planned test of a Minuteman

Oil pushed further above the $100 threshold and Asian shares sold off on Wednesday after Russia intensified its attacks on Ukraine’s biggest cities and adopted more aggressive tactics. Brent crude, the international benchmark, rose as much as 4.4 per cent to a seven-year high of $109.59 a barrel in early Asian trading, while US marker

If you’re part of Generation X (those born from 1965 through the early 1980s), your retirement goals are likely coming into sharp focus. With most Gen Xers in the midst of their highest earning years, now is the time to make the most of your retirement contributions. While many contribute to employer-sponsored plans like a

Russian stocks traded in the UK and the US plunged further in the wake of western sanctions on Wednesday, leaving some almost worthless. An MSCI index tracking Russian stocks trading in London and New York had fallen close to 67 per cent by midday in the UK and is down nearly 96 per cent so

Vladimir Putin’s forces bombarded Ukraine’s frontline cities and critical infrastructure on Wednesday, laying waste to densely populated urban areas in one of the most destructive days of the week-old invasion. With the aim of advancing on Ukraine’s two biggest cities, Russia stepped up a fierce aerial assault on Kharkiv while continuing its faltering attempts to

Data on import tariffs are compiled by the World Bank and the World Trade Organization (WTO). Tariff analysis can be complicated, as different rates apply to different products from different partners. Moreover, the listed or “bound” rates often do not match applied rates. The tariff rankings listed below are based on the World Bank’s “weighted mean applied tariff”

The opening of Joe Biden’s State of the Union address to Congress on Tuesday was dominated by the war in Ukraine, which has consumed his presidency in recent weeks. But Bidend spent far more of the speech touting his domestic policies ahead of what is expected to be a Republican onslaught in the November midterm

One of South Africa’s biggest miners is heading for a legal battle at the High Court in London over its decision to ditch a $1.2bn acquisition of copper and nickel mines in Brazil. Sibanye-Stillwater in January suddenly abandoned the purchase of Atlantic Nickel and Mineração Vale Verde from Appian Capital Advisory, citing a “geotechnical event”

The Tax Cuts and Jobs Act (TCJA) of 2017 generated significant buzz as tax experts speculated on how the average American’s tax bill would be affected. Some of the most important changes centered on tax deductions and credits that could have a significant impact on younger generations of taxpayers, including millennials. Here is a rundown

The Austrian operations of Sberbank, Russia’s biggest lender, are to go into insolvency while its Croatian and Slovenian units are being transferred to new owners by the EU authority responsible for restructuring failing banks. The move was announced by the EU’s Single Resolution Board on Tuesday evening and makes the Austrian offshoot of Sberbank the

Apple has suspended sales of its products in Russia, as the world’s most valuable company joins other multinationals boycotting the country following its invasion of Ukraine. The iPhone maker has also followed Silicon Valley companies including Google and Facebook owner Meta in blocking access to Russian state media outlets Russia Today and Sputnik. The RT

There are many benefits to investing in companies that pay dividends, especially if you plan to invest in them for the long-term. In addition to providing consistent income, many dividend-paying stocks are in defensive sectors that can weather economic downturns with reduced volatility. Dividend-paying companies also have substantial amounts of cash, and therefore, are usually strong

In this article JPM JP Morgan CEO Jamie Dimon gives a speech during the inauguration of the new French headquarters of US’ JP Morgan bank on June 29, 2021 in Paris. Michel Euler| AFP | Getty Images JPMorgan Chase is preparing to go all-in on private companies. For the past year, the bank has been

Russian forces pounded Ukraine’s cities and moved tens of thousands of troops to encircle Kyiv as Vladimir Putin turned to more brutal military tactics on the sixth day of his invasion. Volodymyr Zelensky, Ukraine’s president, accused Russia of war crimes after a missile hit the centre of Kharkiv in one of the most destructive attacks

The world’s two largest container shipping groups MSC and Maersk suspended cargo bookings to and from Russia on Tuesday as sanctions unleashed a renewed wave of disruption for strained global supply chains. The suspension, which excluded food and medicines, followed similar moves by rival groups Ocean Network Express and Hapag-Lloyd as the container companies sought

As yet another international economic sanction against Russia, in response to its war on Ukraine, leading Western nations have pledged to bar several large Russian banks from using the SWIFT system. The upshot of this would be to cut Russia off from much of the international financial system. The goal, according to a joint statement

A crane loads a shipping container branded A.P. Moller-Maersk onto a freight ship. Balint Porneczi | Bloomberg | Getty Images Maersk, one of the world’s largest shipping container firms, said on Monday that it may suspend all deliveries to and from Russia in light of sanctions against the Kremlin following its invasion of Ukraine. The

Asian equities mostly rose and crude prices stayed below $100 a barrel on Tuesday, with the US and its allies expected to discuss tapping strategic oil reserves to ease supply disruptions caused by Russia’s invasion of Ukraine. Japan’s benchmark Topix index rose 0.7 per cent while South Korea’s Kospi was up 0.8 per cent. In

Good morning. A lot of people were wrong about the risk of a full-scale Russian invasion. We were — implicitly if not explicitly — guilty of this too. Some reflections on why this mistake was so common follow. Also, how war raises the stakes in the the crypto debate. Email us: robert.armstrong@ft.com and ethan.wu@ft.com.  There

Higher education has long been seen as a ticket to upward mobility in the U.S. In large measure, it still is, with college graduates earning nearly 75% more on average than their peers with just a high school diploma. Unfortunately, that ticket has become increasingly expensive. Today, the likelihood of graduating with debt from a

The central processing plant for oil and gas in Salym, Russia, Feb. 4, 2014. Salym Petroleum Development is a venture between Shell and Gazprom Neft. Andrey Rudakov | Bloomberg | Getty Images Shell said Monday it is ending an “equity partnership” with Gazprom, a Russian state-owned energy company, as the Russia-Ukraine conflict continues. Shell said

Vladimir Putin’s invasion of Ukraine has entered its fifth day. Russian troops are driving deeper into the country having attacked Ukraine from three directions: its northern border with Belarus, the eastern frontier with Russia, and in the south from Crimea, the Ukrainian peninsula Moscow annexed in 2014. Monday February 28 You are seeing a snapshot

The EU has frozen the assets and imposed a travel ban on more than half a dozen of Russia’s most prominent oligarchs, many of them with close ties to President Vladimir Putin, as it penalises some of the country’s most powerful people following the invasion of Ukraine. The individuals hit by the measures include Mikhail