Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, selects her favorite stories in this weekly newsletter.Bond vigilance is re-emerging in the sovereign debt market. This was shown with merciless clarity by the brutal sell-off of UK bonds that toppled British Prime Minister Liz Truss. Can the financial discipliners of the global investment community now turn their disruptive talents to the US Treasury market?As well as brutally attacking the sitting president, such a challenge would destroy the role the United States plays as the world's leading provider of safe assets during global crises, while at the same time…
Author: ricardofrancois
Buyout firms are cutting interest costs by tens of millions of dollars by refinancing debt accumulated in private credit markets with publicly traded bonds and loans, providing a windfall to the Wall Street banks that regulate them.Nearly $10 billion of so-called private credit loans have been refinanced in the public markets, with borrowers paying off stressed loans in favor of a cheaper alternative, according to data from Bank of America.Private equity firms buying companies are benefiting from a recovery in global corporate bond and loan markets, after the Federal Reserve signaled that inflation has been tamed enough to start cutting…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, selects her favorite stories in this weekly newsletter.This article is part of a guide to Zurich from FT GlobetrotterThis year, the Park Hyatt celebrates its 20th anniversary in Zurich. If you're looking for luxury without any fuss, this is still the hotel of choice in a city where most similar offerings can sometimes seem too starchy, or too over-the-top in their pursuit of greatness.Before the Park Hyatt – located a short distance from Zurich's financial centre, Paradeplatz, and the most luxurious end of the world's most luxurious shopping street,…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, selects her favorite stories in this weekly newsletter.This article is part of a guide to Zurich from FT GlobetrotterRising majestically from the River Limmat, the five-star Hotel Storchen has been occupying the city's best spot since 1357. Next to Weinplatz and across the river from Grossmünster Church is this impressive medieval building, made of fir wood with a pink hue that resembles birds. Flamingos are more than flamingos. The Stork Hotel underwent a multi-million pound renovation between 2017 and 2021 and is now owned by Swiss hotel group The…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, selects her favorite stories in this weekly newsletter.This article is part of a guide to Zurich from FT GlobetrotterRising majestically from the River Limmat, the five-star Hotel Storchen has been occupying the city's best spot since 1357. Next to Weinplatz and across the river from Grossmünster Church is this impressive medieval building, made of fir wood with a pink hue that resembles birds. Flamingos are more than flamingos. The Stork Hotel underwent a multi-million pound renovation between 2017 and 2021 and is now owned by Swiss hotel group The…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, selects her favorite stories in this weekly newsletter.This article is part of a guide to Zurich from FT GlobetrotterThe Dolder Grand is a rare and attractive hotel hybrid. A few minutes after leaving the big city of Zurich, you'll arrive at a place with the look and facilities of a mountain resort. The hotel has a very traditional yet contemporary feel: The original building's impressive turn-of-the-century towers rise, in the shape of a crown, from Zurichberg's hill forest above the city, but as you approach, the undulating Foster +…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, selects her favorite stories in this weekly newsletter.This article is part of a guide to Zurich from FT GlobetrotterThe latest addition to Living Circle's small but impressive portfolio of properties, Alex Lake Zürich, a modern waterfront hotel, has a more resort feel than the city center properties, Storchen and Widder. Located outside the city in the pleasant suburb of Thalwil, the hotel is only a 10-minute train ride from the Zürich Hauptbahnhof, or a quick ride across the lake on the Living Circle speedboat. There aren't many places you…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, selects her favorite stories in this weekly newsletter.This article is part of a guide to Zurich from FT GlobetrotterZurich has a hotel problem: the problem is that there are not enough hotels like the Bellerive.Switzerland's most populous city has a fine line at world-class mansions for the ultra-rich, and cozy back-to-back lodges for skiers and students. But there's surprisingly little in between, if we discount the ubiquitous Marriott hotel.Amiron Zurich Bellerive au Lac © Janice HagelsThe Ameron Zürich Bellerive au Lac, opening in 2021, promises to fill this void.…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, selects her favorite stories in this weekly newsletter.This article is part of a guide to Zurich from FT GlobetrotterWith its grand exterior, fluttering flags and striped porch awnings, this elegant, century-old lakeside hotel appears unchanged, even though it has a pretty good nickname for its years. However, in 2022, it was reborn as La Réserve Eden au Lac Zürich, after a giant renovation carried out by Philippe Starck. La Reserve Eden au Lac Zurich I admit I felt a little skeptical about how Stark's elegant modernity would translate within…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, selects her favorite stories in this weekly newsletter.This article is part of a guide to Zurich from FT GlobetrotterIt's been almost 25 years since I first stayed at Hotel Baur au Lac, and I still find myself trying to pinpoint what makes this hotel so exceptional. I think the answer partly lies in the traditional Swiss character of the Hotel Boer, a quality that has been somewhat eroded throughout Switzerland as the country globalizes, but which the seventh generation of the Kracht family is maintaining, ensuring that the hotel…