Norton Rose Fulbright hired public finance lawyers Alison Radecki as a partner and Helen Pennock as a senior counsel. Both will work in the firm’s New York City office and formerly worked at Orrick, Herrington & Sutcliffe. They are licensed to practice in New York. Radecki has more than two decades of experience helping issuers
Vladimir Putin’s forces have rehearsed using tactical nuclear weapons at an early stage of conflict with a major world power, according to leaked Russian military files that include training scenarios for an invasion by China. The classified papers, seen by the Financial Times, describe a threshold for using tactical nuclear weapons that is lower than
Municipals were steady in secondary trading Tuesday as several large deals in the primary market took focus, including the retail pricing for the $1.5 billion-plus deal of general obligation bonds from New York City. U.S. Treasury yields rose 10 years and out and equities were mixed near the end of the trading session. Other large
Apartments are seen undergoing construction on February 28, 2023 in Austin, Texas. Brandon Bell | Getty Images The apartment market is finally loosening up. At the same time, competition is heating up in some key markets. There is an enormous supply of new apartments coming online this year. And rents have fallen for six straight
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Germany’s deputy chancellor said there was “no chance” of sending ground troops to Ukraine and, in a rebuff to France, told Paris it should instead supply Kyiv with more weapons. Robert Habeck rejected French
When Illinois Comptroller Susana Mendoza this month launched a new online portal to track state spending on asylum seekers, state residents gained a window onto a major piece of the local government spending pie, with the city of Chicago and Cook County also spending millions on the migrant crisis. As of Feb. 27, the new
Stay informed with free updates Simply sign up to the UK tax myFT Digest — delivered directly to your inbox. Jeremy Hunt lacks the fiscal firepower to prevent Britain’s taxes climbing to a record high as a share of national income no matter what he announces in next week’s Budget, new analysis has found. Tax
Municipals were steady to start the week as investors await the larger new-issue slate, outperforming U.S. Treasuries, while equities were mixed near the close. The two-year muni-to-Treasury ratio Monday was at 58%, the three-year at 57%, the five-year at 56%, the 10-year at 57% and the 30-year at 81%, according to Refinitiv Municipal Market Data’s
In this article BRK.A Follow your favorite stocksCREATE FREE ACCOUNT Warren Buffett tours the grounds at the Berkshire Hathaway Annual Shareholders Meeting in Omaha Nebraska. David A. Grogan | CNBC Warren Buffett shared a heartfelt tribute to the late Charlie Munger, calling his business partner of 60 years the architect of today’s Berkshire Hathaway. In
In this article BRK.A Follow your favorite stocksCREATE FREE ACCOUNT Warren Buffett tours the grounds at the Berkshire Hathaway Annual Shareholders Meeting in Omaha Nebraska. David A. Grogan | CNBC Berkshire Hathaway shares rose on Monday after Warren Buffett’s conglomerate posted strong earnings for the fourth quarter over the weekend. Berkshire class B shares jumped
Milos Dimic | E+ | Getty Images With various factors keeping homeownership out of reach for Americans, many aspiring homeowners are pessimistic, doubting they ever achieve that goal. Would-be buyers point to two major obstacles holding them back, according to a new Bankrate report. About half, 51%, point to a high cost of living, and
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sweden has overcome the last remaining hurdle in its quest to become a Nato member as Russia’s full-scale invasion of Ukraine redraws the geopolitical map. Hungary’s parliament voted on Monday to approve Stockholm’s application to
Clarity from a recent court ruling along with the level of current interest rates will likely lead to a dramatic increase in Build America Bonds being called by issuers this year, market participants say. While only a small amount of BABs have been called using an “extraordinary redemption provision” since sequestration of BABs subsidies began
Stay informed with free updates Simply sign up to the European banks myFT Digest — delivered directly to your inbox. European banks are on course to return more than €120bn to shareholders off the back of their 2023 results as they pass on the benefits of surging interest rates to investors. Bosses of European lenders
Miami International Airport received $27 million from the federal government for infrastructure projects designed to improve the passenger experience at one of the nation’s busiest airports. The funding was announced at a Thursday ceremony at MIA: Miami-Dade County Mayor Daniella Levine Cava welcomed Polly Trottenberg, U.S. Department of Transportation Deputy Secretary, and Shannetta Griffin, the
In this article CVX OWL KO Follow your favorite stocksCREATE FREE ACCOUNT The Coca-Cola Company logo is being displayed at a New Year’s fair in Kyiv, Ukraine, on December 31, 2023. STR | Nurphoto | Getty Images Investors looking to enhance their portfolio returns can opt for a combination of growth and dividend stocks. Choosing
A construction site with new apartments in newly built apartment buildings. Patrick Pleul | Picture Alliance | Getty Images Germany’s housebuilding sector has gone from bad to worse in recent months. Economic data is painting a concerning picture, and industry leaders appear uneasy. “The housebuilding sector is, I would say, a little bit in a
Stay informed with free updates Simply sign up to the Global Economy myFT Digest — delivered directly to your inbox. The widespread drop in global house prices that hit advanced economies has largely petered out, according to a Financial Times analysis of OECD data, leading economists to predict that the deepest property downturn in a
The Securities and Exchange Commission (SEC) is partnering with other federal regulators to lessen fears regarding the implementation of the Financial Data Transparency Act. The goal of this new law, which was passed in 2022, is to provide more transparency to the financial markets by introducing machine-readable formats into the Municipal Securities Rulemaking Board’s EMMA
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump has won the South Carolina Republican primary, inflicting another defeat on Nikki Haley in the race to win the party’s presidential nomination — this time in her home state. While Trump’s margin of
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