An Oxford University spinout which is developing a new generation of weed-resistant herbicides has begun planting a $40m (£32m) fundraising with prospective backers.

Borrowers turn to distressed exchanges in the face of punitive interest rates

The decision will largely prevent compounding pharmacies from making and selling compounded versions of the drug in the next two to three months. 

Sharp deviations have appeared in expected returns of two leveraged funds amid surge in bets

High prices in dollars deter foreigners and fuel Argentine holidays to Brazil

FT columnists Stuart Kirk, Claer Barrett and Moria O’Neill to take reader questions at online webinar

It is unclear why some companies have staying power

Head of state’s powerful financial regulator could seek new powers to scrutinise banks and crypto groups

Overhaul could free up billions for real estate and infrastructure, asset managers say

Software provider SAP responsible for two-fifths of all Frankfurt gains in year of political tumult

Colder weather and lower seaborne imports increase reliance on stored gas

The cost of living crisis has “boosted” the secondhand industry, Sky News has been told, as more than £2bn is spent on pre-loved gifts this Christmas.

Overhaul could alter the models for hypothetical losses, averaging results over two years to cut results’ volatility

Stock Will Join Nasdaq 100 Index on Monday

President Nayib Bukele had called prohibition ‘absurd’ despite pushback from environmental and social groups