Good morning from the Financial Times.
Today is Tuesday, March 18, and this is your FT news briefing.
Russia has reopened to the West a little bit and Jack Ma is making a comeback.
Plus, European companies may want to think twice before adding a secondary listing in.
The U.S.
executives say we're going to add a listing in New York and all of these things are going to magically improve.
And we found that that's not entirely the case.
I'm Mark Philipp know and here's the news.
You need to start your day.
Russian President Vladimir Putin is allowing some Western investors to offload Russian securities.
Putin published the decree on Monday.
In it, he said that Jane Street,
GMO and Franklin Templeton will be allowed to sell shares in Russian companies to a US Hedge fund.
Putin banned international investors from dealing in shares or bonds of Russian banks and energy companies after the country's full scale invasion of Ukraine.
Now, the timing of yesterday's decree is interesting.
Putin is expected to talk with US President Donald Trump today about a potential ceasefire.
A lot of executives say
that a New York stock market presence is a surefire route to a higher share price.
And that's led many European, European companies to add a U.S. listing in recent years.
But it turns out that assumption may be wrong.