And more on big tech capex

Trade Republic says it is under no pressure to list early as its backers are taking a ‘long-term perspective’

Issuers pounce on surging investor demand for debt before Donald Trump returns to the White House

Investors poured $300mn into the manager’s exchange traded funds led by VOO, its S&P 500 vehicle which attracted $117bn

Debt market flare-ups show growing pushback against governments’ loose fiscal policies

Saba Capital has taken stakes in seven trusts and called on investors to vote for changes to their boards

First-time publicly traded companies pay out more than privately held rivals since privatisation

Hidden commissions to car dealers inflated costs for buyers. The legal fallout could cost banks billions and restrict access to credit

Company once known as Reed Elsevier has moved from legal and scientific publishing into AI fraud detection

Energy production in the US will rise but more of the output will be gassy

Alacrity’s restructuring puts it under control of private credit lenders including Antares, Blue Owl, KKR and Goldman

Rising UK borrowing costs raise risk that chancellor will have to impose tighter fiscal policy as soon as March

VC funding into green technology is down but there’s more to the story

Treasury seeks to reassure markets as gilt sell-off threatens the government’s ability to meet its fiscal rules

PRA’s Sam Woods says burden can be eased without ‘race to the bottom’ on financial regulation

Multi-strategy –> Multi-manager –> Multi-boutique

Oil major warns of ‘significantly lower’ trading in gas and chemicals units as hedging contracts expire

And rising corporate bankruptcies

Renminbi under pressure from stronger dollar and concerns about incoming US president’s trade plans