FT Markets

ExxonMobil boss pulls out of Gulf energy conference over security concerns

Darren Woods was scheduled to speak at the Adipec conference in Abu Dhabi on Monday

Investors double withdrawal requests at Partners’ flagship US private equity fund

Wealthy individuals sought to pull 15% of the fund’s net assets during the third quarter

Stanley Druckenmiller backs push to bring risky crypto-style bets to Wall Street

Hedge fund billionaire says he has invested in little-known CME Group rival tradeXYZ

Crypto exchange HTX agrees to exit UK after being sued by watchdog

Venture linked to billionaire Trump backer Justin Sun sued by FCA for ‘unlawfully promoting crypto asset services’

Rosebank is needed for UK energy security

The energy secretary Miatta Fahnbulleh should not fall for an illusion and block the oilfield

Polymarket’s Swiss Tony returns

The top-rated trader is back

Shell lifts buyback as high oil price drives bumper profits

Oil major reports adjusted earnings of $10.8bn for the third quarter, its second highest on record

The Fed plays for time (but doesn’t have much)

Plus, tech results and UK bank taxes

Private equity grows up 

The past decade has demonstrated that PE at scale is a differentiated asset class — not a better form of capitalism

Mubadala Capital dealmaker to launch his own venture fund

Ibrahim Ajami, a senior executive at the private capital arm Abu Dhabi’s sovereign wealth fund, is set to leave next year

Healey avoids bond market wobble with ‘uneventful’ first Budget

Gilts hold on to pre-Budget gains following modest package of tax and spending changes

JetBlue tries to sweet-talk an unforgiving bond market

Despite bond market sweet talk not usually being a very productive strategy, it’s hard to fault chief Joanna Geraghty for trying

We read Liz Truss’s book so you don’t have to

Alternative histories aren’t always written by the victors

Iranians face energy squeeze from war as natural gas runs short

Tehran tells citizens to curb consumption and urges civil servants to work from home to avert crisis

The AI bubble already popped — in China

Plus, two cheers for CGBs

The stateless quant titan

Peter de Putron is one of the most influential and enigmatic figures in the world of trading

How much is Anthropic really worth?

Washington discusses Russian deals for US oil majors in Ukraine peace talks

White House proposes renewed postwar business ties in an effort to bring President Vladimir Putin to the negotiating table

The limits of hedging the AI boom

As tech investment soars, finding protection is becoming more urgent — and harder