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Big investors scale back risky bond exposure after storming rally
BlackRock and Fidelity International among asset managers betting credit rally has run out of road
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Bill Ackman donates $1mn to oppose Zohran Mamdani’s NY mayoral campaign
Hedge fund billionaire in last-ditch effort to stop democratic socialist frontrunner in race for city hall
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Trump says Modi pledged India would stop buying Russian oil
Move could ease trade tensions between Washington and New Delhi, which have been in a stalemate since August
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Reeves needs to fill £22bn hole in UK public finances, IFS says
Think-tank’s report raises pressure on chancellor to raise income tax at Budget on November 26
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Bank of America and BNY sued over financial ties to Jeffrey Epstein
Victim claims BofA ‘participated in and financially benefited’ from late financier’s sex-trafficking operation
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US warns world will ‘decouple’ from China if it imposes new export controls
Scott Bessent says Washington will retaliate if Beijing proceeds with policy on rare earths and critical minerals
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UK energy bosses sound warning over rising household bills
Octopus Energy, EDF and E.On executives challenge Labour’s pledge to reduce energy costs
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US approves new bank backed by billionaires with ties to Trump
Target market for Erebor will be businesses that are part of America’s ‘innovation economy’
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