From borrowers to sorrowers

Investors to Beijing: C-, must do better

Ground pound

Veteran stockpicker sells shares in spirits brand because drinks sector is being ‘impacted negatively’

Fuel suppliers in UK and EU airports now have to supply a portion of sustainable aviation fuel in departing flights

Once the preserve of institutions, private assets are now promoted through semi-liquid funds

Currency softens over weakness in world’s second-largest economy and fear of Trump tariffs

Treasury vows to stick to its fiscal rules and says gilt markets functioning ‘in an orderly way’

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 manager’s exchange traded funds led by VOO, its S&P 500 vehicle that 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