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Bund futures are seen as a liquid alternative to cash bonds, but even that market is showing signs of drying up. Joe Rennison, US capital markets reporter, explains what liquidity means to the market and what happens when it is in short supply.
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US share buybacks are almost three times more popular than in Europe. Nick Nelson, European equity strategist at UBS, discusses with Ralph Atkins if this will change — and whether a pick-up in buybacks would help Europe’s economy.
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From a Royal Society conference in London, Nick Bostrom, of the Oxford Martin School at the University of Oxford, tells the FT’s Ravi Mattu a day will come when machines are more intelligent than humans, and that more must be done to address the potential risks of such a scenario.
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