The Financial Times says China’s central bank has asked lenders to rein in credit supply, following concerns that a surge of lending to help the country recover from the coronavirus pandemic could cause financial instability.
The Financial Times leads on food delivery app Deliveroo’s shares plummeting by 26% in the company’s market debut – dampening the UK’s ambitions of attracting more companies to list in London.
The Financial Times says Pfizer-BionTech is increasing its vaccine production by 25% as the world races to vaccinate everyone against COVID-19.
The banks Nomura and Credit Suisse have warned of large losses after a fire sale of more than $20bn (£14.5bn) of Chinese and US stocks as their client Archegos Capital Management was forced into a huge unwinding of positions, reports the Financial Times.Read more on the story here
The Financial Times says Sanjeev Gupta is working on a last-ditch bid to raise cash to save GFG Alliance after its main lender collapsed. The group employs nearly 5,000 people in Britain – around 3,000 of them in the steel industry.
The Financial Times says that Alex Salmond’s decision to launch a political party undermines the SNP’s push for independence – and opens up a new front in his war with Nicola Sturgeon.
The Financial Times leads on problems for the global COVID vaccination effort, saying India has blocked exports to the international Covax scheme so it can keep more doses for itself.
The UK and the EU have vowed to work together on ensuring vaccine supplies after days of tension, tomorrow’s Financial Times reports.
