It is easy to imagine conditions in which money simply dries up, perhaps in response to large movements in bond yields

US department store chain has made some of its creditors very unhappy with their unequal treatment

Central bank has come under pressure to slow quantitative tightening amid global bond sell-off

German medical technology company’s decision comes after car parts retailer Autodoc pushes back flotation plans

Generating returns from ‘nature positive’ finance sounds good but fuzzy definitions might put off investors

Demand for sodium-ion batteries will grow slower than CATL expects, analysis finds

Last time he got what he needed instead

Deal with Australian investor will see lenders including Ares and Westbourne take significant haircuts on their debt

New Taiwan dollar makes biggest single-day gain since rapid appreciation in early May

And the big, beautiful bill

An inconvenient truth

Douglas Flint criticises ‘ridiculously extravagant claims’

Proposals are largely an attempt to undo the damage caused by its last ‘once in a generation’ reform

Adnoc and Aramco shift focus to dividends in tougher environment for deals

After abandoning its IPO plans, fintech Klarna transforms its business model

Also in this newsletter, Amazon rolls out diagnostics services in India, and JSW buys AkzoNobel’s India business

Mainland equities are flat in first six months of 2025, while Hang Seng index has gained 20%

Its use in growing sectors such as green tech, electronics and defence mean it may not always be overshadowed

Chancellor is expected to outline plans to limit the amount of money that can be saved into tax-free cash accounts each year

River Humber facility owned by privately held Prax Group started proceedings over weekend