Wall Street banks start trading derivatives to bet on pain in private credit

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JPMorgan and Barclays are among those offering CDS on Apollo, Ares and Blackstone funds

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Jardines and CK Hutchison pursue Hong Kong supermarket megadeal

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Merger of ParknShop with Wellcome would create a dominant player in the territory’s food retail market

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Data centre delays threaten to choke AI expansion

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Almost 40% of such builds in US risk hold-ups, including projects tied to Microsoft and OpenAI

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The white-collar defence lawyers with nothing to do

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The Trump administration’s approach to justice has made life quieter for those who defend alleged financial criminals

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Welcome to the age of hoarding

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As global economic uncertainty mounts, stockpiling is back

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US’s status as lowest-cost dollar borrower challenged as investors shun Trump risk

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Concerns over erratic White House policymaking have driven investors to ‘very stable’ development bank issuers

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OnlyFans nears deal to sell minority stake at more than $3bn valuation

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Discussions with Architect Capital come less than a month after the UK-based platform’s owner Leonid Radvinsky died

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Macron and Starmer to hold summit on plan to secure Strait of Hormuz

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French and UK leaders are expected to brief Donald Trump after meeting on Friday

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Israel-Lebanon ceasefire takes effect

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President Donald Trump says US-Iran talks could be held this weekend

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