Asset manager blames ‘different macro backdrop’ for change of tack on climate divestments

The momentum-surfing vehicles have taken off in the US with investors seeking the potential of uncorrelated returns

Plus the flat dollar

Plus, market turmoil hits hedge funds, gold price reaches a record high, and Women in Revolt at The Whitworth gallery

David Postings tells FT he has been ‘working closely’ with Treasury on measures aimed at boosting growth

FT analysis finds that while liquidity usually improves, adding a New York listing does not always boost multiples or coverage

The country re-evalutes its contracts with foreign consultancies as it pursues ambitious agenda

Chancellor wants probes by the Competition and Markets Authority to be faster and more predictable

Hedge funds and brokers eye the country’s corporate bonds and the rouble

Group’s head Pimenta highlights easing strains that should help settle investor nerves

Uncertainty over political support for clean transition depresses market

Stephan Leithner says EU should take advantage of investors switching into region’s markets away from US

Former US climate envoy says companies have been ‘intimidated’ by Trump presidency into dropping green targets

Two books chart how Washington has come to depend on both its economic might and the dollar’s dominance in tackling rogue states and geopolitical rivals

With the anniversary of the first lockdown approaching, inflation and market volatility are now facts of financial life

The oil boss and COP28 president on what the Trump era means for his industry — and being a ‘climate realist’

Cost of a basket of eight common tourist purchases cheapest in popular Portuguese destination

New York listing of buy now, pay later group will test investor appetite for fintech sector

Appearance by hedge fund founder comes as ex-Barclays boss tries to overturn FCA ban and fine

Uncertainty over Trump policy will soon hit the economy with few short-term catalysts for a turnaround