Markets24th September 2026
Private equity's hopes dating from 2025 have once again been simmered this year, and the liquidity reckoning could quietly rewrite how the industry raises and returns capital.
Sonal Weerasekera7 min read
Student SpotlightMacro26th August 2026
The yen's collapse to ¥164 forced the largest coordinated US-Japan currency intervention since 1998, not out of allyship, but because Japan's $1.2 trillion in US Treasury holdings meant a disorderly slide threatened to spike American borrowing costs.
Raheel Bhuiya7 min read
Markets24th August 2026
The race for electric vehicle dominance is entering a new phase. Tesla and BYD's contrasting strategies reveal a deeper question about where value in the automotive industry will come from next.
Meghana Sivapuram6 min read
Markets3rd August 2026
The won went from one of Asia's worst-performing currencies to one of the world's best in a matter of weeks, as chipmakers' overseas earnings came home, foreign equity selling eased, and the Bank of Korea ended a three-year rate freeze.
Sonal Weerasekera8 min read
Macro27th July 2026
Repeated heatwaves are no longer a seasonal inconvenience for Europe's economies. From lost labour productivity to rising food prices and multi-billion-euro damage bills, extreme heat is emerging as a structural drag on growth across the continent.
Sonal Weerasekera8 min read
New Fed chair Kevin Warsh was expected to bring a dovish, rate-cutting sensibility to the central bank. Instead, his first meeting delivered the most hawkish surprise markets have seen in years, with traders now pricing in the Fed's first hike since 2023.
Sonal Weerasekera7 min read
Private Equity13th July 2026
Apollo has gatecrashed Castlelake's hard-won takeover of easyJet with a higher offer backed by the airline's board, setting up a bidding war over one of Europe's best-known low-cost carriers just months after a bruising first half of the year.
Sonal Weerasekera7 min read
MarketsPrivate Equity6th July 2026
A £5.7bn approach for DCC is as much a bet on the Irish conglomerate's years-long transformation into an energy distributor as it is a straightforward take-private deal, and it says as much about KKR's ambitions as it does about DCC itself.
Sonal Weerasekera7 min read
MarketsPrivate Credit29th June 2026
Pimco, the $2.3tn bond giant built on public markets, is quietly becoming one of the most powerful actors in private credit with mega-deals for Meta and Oracle, lending to Gulf states in wartime, and exploiting the liquidity crunch hitting rival funds.
Sonal Weerasekera10 min read
Markets22nd June 2026
Five years after TDR Capital and the Issa brothers' £6.8bn leveraged buyout, Asda has posted a £989mn loss and seen its UK grocery market share fall to a record low. The question is whether the private equity playbook is compatible with running a thin-margin grocer in one of the world's most competitive retail markets.
Sonal Weerasekera8 min read
Markets21st April 2026
A Connecticut credit firm is lending millions against World Cup resale tickets, betting the markup holds. The trade exposes a wider story about how Wall Street is learning to finance scarcity.
Sonal Weerasekera8 min read
Private CreditMarkets14th April 2026
Investors attempted to pull more than $20bn from the largest private credit funds in Q1 2026, only to find the exits partially closed. The episode marks the sector's first real test of cycle maturity.
Sonal Weerasekera6 min read