▆ Israel launches air strikes against Iran commanders and nuclear sites
IDF says it is seeking to intercept 100 Iranian drones
▆ Oil prices surge after Israel’s attack on Iran
Traders fear renewed conflict could threaten supplies across the region
▆ FTAV Q&A: Gappy Paleologo
Balyasny Asset Management’s head of quantitative research talks algos, hedge funds, correlations and cats
▆ BlackRock and alternative investments
Plus geopolitics and capital flows
▆ Reader callout: would you buy bitcoin as an investment?
Cryptocurrency prices have surged since the election of Donald Trump as investors bet on market
▆ Oil market’s surprise rally catches out bearish traders
Rising tensions between US and Iran drive crude higher after Opec+ output increases had weighed on market
▆ Central banks are beginning to fret about dollar swap lines
Officials outside the US worry about what will happen when Jay Powell leaves the Fed
▆ A quarter of top companies in London’s IPO class of 2021 quit stock exchange
Flurry of recent exits heightens fears over market’s strength
▆ UBS has the edge in Swiss high-stakes capital game
The Swiss bank could take a leaf from its US peers, which neutered new capital rules
▆ UK financial regulators should copy Singapore model, say peers
British watchdogs are too slow and risk-averse, Lords committee states
▆ How my views on Hong Kong’s future have evolved
While governance problems and linkages to weak mainland economy persist, its financial sector has benefited from US-China tensions
▆ Crypto influencer Anthony Pompliano set to launch bitcoin-buying vehicle
Podcast host poised to become CEO of group that will seek to raise $750mn to buy digital assets
▆ Milei lowers Argentina’s monthly inflation below 2% for first time since 2020
Libertarian leader tames chronic price pressures though annual rate remains among world’s highest
▆ BlackRock sets $400bn fundraising target to take on private capital giants
Asset manager unveils ambitious goal as part of plan to double market capitalisation by 2030
▆ Reserving judgment on the gold rally
Bullion bull
▆ Shares of fintech Chime soar in market debut
Payment group’s explosive start suggests IPO market is beginning to warm up
▆ Spies, lies and anonymous tips: the secret Credit Suisse files on Greensill Capital
Regulators’ previously confidential report reveals fresh details of Swiss bank’s ties to financial services company
▆ FTSE 100 closes at record high as investors hunt for alternatives to US stocks
UK benchmark recovers from sell-off following Donald Trump’s ‘liberation day’ tariffs
▆ Dollar sinks to 3-year low on Trump tariff threat
US currency falls sharply after president says he will set new levies on trading partners in next 2 weeks
▆ Wise’s move to New York is an emergency for the UK economy
The government should reform taxes to push savers and pension funds to invest in London-listed equities
▆ Are machines smarter than venture capitalists?
Most VC firms are not yet ditching human experience, but a few pioneers are about to go all in on quant trading
▆ Why investors remain bullish on US renewables
Trump’s ‘big, beautiful bill’ could slash clean energy tax credits but long-term backers in the sector are not spooked
▆ Afreximbank accuses Fitch of ‘erroneous view’ over exposure to losses
African lender denies it can be drawn into debt restructurings after rating agency cites ‘higher solvency risk’
▆ How to slash government debt-to-GDP
A cunning plan we don’t recommend
▆ No tariff inflation yet
And copper distortions

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