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Vulcan Value Partners Q4 2025 Letter
Portfolio Review All of our strategies had positive returns for the year. These results are detailed in the table below.…
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Is the US about to screw SWFs?
Just ahead of Christmas, the US Inland Revenue Service dropped a bunch of proposed changes to Section 892 of the…
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Donald Trump’s China trade war a ‘boon’ for Brazil but sends US farmers reeling
The US and China’s dizzying tariff tit-for-tat has spurred Brazil’s agricultural sector and pummelled American…
How Hizbollah moved into the rubble business in Beirut
Rubble from Israel’s war against Hizbollah is being dumped near the roadside in Lebanon’s capital,…
British MP denied entry to Hong Kong
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories…
The Chinese goods Americans most rely on, from microwaves to Barbies
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories…
Trump excludes smartphones from reciprocal tariffs
Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election…
Warning lights flash for US consumer strength as credit defaults rise
Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election…
Gold enjoys best week in five years as investors rush to safety
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories…
The midlife non-crisis
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Vladimir Putin’s war chest under threat as oil prices slide
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories…
US dollar’s haven status under threat, fund managers warn
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories…
US and Iran begin talks in attempt to avert military clash
US envoy Steve Witkoff is due to begin talks with Iran’s top diplomat on Saturday…
Are equities ‘always’ better in the long term?
Two weeks on from the Spring Statement and Rachel Reeves’ declared ambition to “boost the…
Germany warns against EU hitting Big Tech in retaliation to Trump tariffs
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories…
The dollar system has always been vulnerable to presidential whim
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories…
Exporters on China’s trade war front line defy US ‘paper tiger’
Donald Trump’s tariff war has been wreaking havoc in global markets, but among exporters in…