Biden’s Taiwan shift, US companies see inflation, Archegos hits big banks

FT News Briefing

Forhecz Topher

News, Unknown, News & Politics, Daily News

4.4 • 1.2K Ratings

🗓️ 30 March 2021

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Biden administration is sticking with a Trump administration policy that will make it easier for US diplomats to meet with Taiwanese officials, and US companies say they are feeling the bite of inflation. Plus, the FT’s global finance correspondent, Robin Wigglesworth, explains why banks might be more careful with hedge fund leverage after the meltdown of Archegos Capital Management.

US to make it easier for diplomats to meet Taiwanese officials

https://www.ft.com/content/05d67774-fdf7-41ae-b17e-a8f2fe8e9f6f?

US companies sound inflation alarm

https://www.ft.com/content/f0bbed31-bea8-4542-b953-096762d2e59f

Archegos poses hard questions for Wall Street

https://www.ft.com/content/89b560ec-212c-4e82-b52e-c3e1408a9e6b

Volvo Cars revamps parental leave as it aims to increase female manager

https://www.ft.com/content/aea0105b-b432-4f5c-8425-9fe78bddb5f8?

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Transcript

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0:00.0	Good morning from the Financial Times.
0:01.7	Today is Tuesday, March 30th.
0:03.8	And this is your FT News Briefing.
0:08.5	The Biden administration looks willing to ratchet up tensions
0:11.4	with China with a policy move on Taiwan.
0:14.3	And US companies are already sounding the alarm
0:16.8	over inflationary pressures.
0:19.0	Plus, the blow-up of our Chegos capital management
0:21.4	did serious damage to some big investment banks.
0:24.8	And that could change how banks deal with hedge funds.
0:28.4	With several big banks humbled by this,
0:31.4	that they cut back how much leverage they offer to all hedge funds,
0:35.9	that can actually have a reasonably-sized impact
0:38.4	on global markets as a whole.
0:40.4	I'm Mark Filipino, and here's the news you need to start your day.
0:45.9	In a move that won't make China very happy,
0:48.3	the Biden administration plans to make it easier
0:51.2	for US diplomats to meet with officials from Taiwan.
0:54.8	It's essentially sticking with a policy adopted
0:57.1	by the Trump administration.
0:59.1	The FT's US-China correspondent, Dmitry Sevastopilo,
1:01.9	has more on this.
	...

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