056 DC Financial

FirstFT: Japanese megabank considers possible takeover of Jefferies

Also in today’s newsletter: Iran says ‘non-hostile’ ships can transit Strait of Hormuz and ADB launches emergency funding package

Map of the problematique

Texas-based money manager’s decision to pull its proposal clears the way for a rival offer

Katie Martin speaks to Robert Armstrong

Tie-up between Spanish and US groups would create $40bn fashion and beauty powerhouse

SoftBank-owned tech group projects fivefold revenue increase in five years

But Mette Frederiksen may still secure a third term in office because her rightwing rival is poised to fare even worse

Israel continues to attack Islamic republic as investors focus on potential peace talks

The price of chasing the news

Take part in a live Q&A with FT Innovation Editor John Thornhill and EU correspondent Barbara Moens, on Thursday March 26 at 1pm GMT

Diageo offloads IPL franchise to consortium that includes Blackstone, Aditya Birla and Times of India

As interest rates have moved higher the US investment bank’s soured legacy deals and investments are coming to the fore

Tehran tells IMO member nations that vessels must co-ordinate with it to pass through vital waterway

Czech billionaire denies claims postal workers are being asked to prioritise parcels over letters

The prime minister should put economic reform ahead of constitutional change

Banks accused of backtracking on their climate promises ahead of annual meetings

The six biggest veterinary groups control 60% of the £6.7bn market — and they can keep getting bigger

Treasury yields jump in March as investors fret Middle East crisis will ignite fresh burst of inflation

Venture between carmaker’s Osnabrück plant and Rafael Advanced Defence Systems part of plan to save 2,300 jobs

Heather Ann Thompson’s history returns to the Goetz shootings that divided New York — and continue to cast a long shadow today

Financier gives evidence for first time in his appeal against FCA ban and £1.8mn fine

Central bank has spent $30bn to support lira as foreign investors sell Turkish assets during Iran war

Watch this SpaceX

Closely watched sentiment data points to slump in business activity from Australia to Europe