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Stanley Gibbons expects stamp and coin enthusiasts to benefit from rising prices for their collections, as inflationary pressures push investors to hedge against inflation. Graham Shircore, chief executive of the collectibles dealer, said on Tuesday there was “some evidence that real assets tend to do reasonably well during periods of heightened inflation . . . stamps and coins have
Robinhood has agreed to buy UK crypto company Ziglu, as the US retail brokerage steps up its expansion beyond share trading and makes a second attempt to push into Britain. The Californian company said on Tuesday that London-based Ziglu’s “impressive team of deeply experienced financial services and crypto experts [will help] accelerate our global expansion
China has signed a security deal with the Solomon Islands just days ahead of a visit by US government officials to the South Pacific country, exacerbating western fears over Beijing’s growing influence in the region. Wang Yi, China’s foreign minister, and his Solomon Islands counterpart Jeremiah Manele signed the deal “in recent days”, the Chinese foreign
Voters hear the chord, not the individual notes. Policies that poll well on their own terms can seem rash or even extreme when combined in great number. Americans want better roads, cheaper healthcare and more cash for climate change abatement. They even like the idea of funding these projects with higher taxes on the rich.
Gunvor has reported a more than doubling of its full-year profits, becoming the latest commodity trader to reveal bumper earnings for 2021 when it cashed in on rising demand for energy as lockdown restrictions eased. The Geneva-based company controlled by billionaire Torbjorn Tornqvist said on Tuesday its net income hit $726mn in the year to
Last week, Bank of England researchers published a blog outlining a new study into the predictability of exchange rates. They stumbled over a simple strategy that appears to churn out results that would be the envy of any hedge fund trader. It’s simple: buy currencies against the dollar which attract little interest in options markets,
One podcast to start: A year after the collapse of Greensill Capital, DD’s Rob Smith and the FT’s Marc Filippino look back on how a slick pitch bamboozled investors and landed Britain’s former prime minister David Cameron in hot water. Listen to Monday’s episode of the FT News Briefing on Apple Podcasts, Spotify, FT.com or
Elon Musk is the living embodiment of a Twitter feed — a rapid-fire mix of jokes, arguments and ideas. Chaos is part of the appeal. Trying to apply financial norms to his proposed takeover of Twitter is pointless. In two weeks Musk has disclosed a major stake in Twitter, agreed to join its board, reversed