Day: September 29, 2025

Inflation is more than tariffs

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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters Good morning. Video game maker EA is close to a deal to go private in a deal worth as much as $50bn. If successful, it would be a larger leveraged buyout than when TXU went…

China rate cuts likely in fourth quarter amid growth concerns: Goldman Sachs

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China’s central bank appears increasingly likely to ease its monetary stance in the fourth quarter, according to Goldman Sachs, as economic momentum slows and policymakers face mounting pressure to support growth. Advertisement The forecast includes a 10-basis-point policy rate cut and a 50-basis-point reduction in the reserve requirement ratio, which could come as year-on-year growth slows sharply towards 4 per cent from a high base last year, a note released on Saturday said. “But the data-dependent nature of PBOC decision-making leaves open the risk of no action if full-year growth…

Trump’s erratic policymaking frays nerves at multinational groups

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Donald Trump’s “unpredictable” policymaking and immigration crackdown have prompted some multinational businesses to consider relocating staff from the US or diverting activity away from the world’s largest economy, according to executives and their advisers. The chaotic rollout of new rules on visas for highly skilled workers and moves against his political opponents have reignited boardroom concerns first triggered by Trump’s on-again, off-again tariffs this year. Business leaders also cite a lack of clarity in executive orders for increasing risks in their American operations, with some in Europe saying they have…

South Korea’s new US ‘Iron Dome’ air defence system seen as reply to China

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The US has deployed a new air defence system in South Korea – dubbed America’s Iron Dome – in what analysts see as an effort by Washington to counter Chinese or North Korean drone operations in the event of a conflict in the region. Advertisement On Thursday, the Pentagon’s Defence Visual Information Distribution Service uploaded photos of US Army Chief of Staff General Randy George’s visit to South Korea last Monday for an engagement with US Forces Korea (USFK) soldiers and meetings with South Korean military leaders. Among the images…

Singapore and Hong Kong go for gold in precious-metal trade

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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. In the centre of a maximum-security storage facility sits one of the world’s biggest vaults for precious metals, emblematic both of Asian ambition to become the centre of the global gold trade and the difficulties in achieving that goal. As gold prices rocket to record levels, the company behind The Reserve in Singapore wants to lease space to private banks and family offices, allowing them to store their ultra-wealthy clients’…