Central banks all over the place
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 16 June 2023
⏱️ 12 minutes
🧾️ Download transcript
Summary
UK hedge fund firm Odey Asset Management is being dismantled in the wake of sexual misconduct allegations against its founder and Saudi Arabia has spent almost $8bn on gaming companies in the past 18 months as part of a turbocharged investment spree. Plus, FT markets editor Katie Martin talks about this week’s asynchronous central bank moves.
Mentioned in this podcast:
ECB increases interest rates to highest level since 2001
Chinese economic data fuels gloom over recovery
Saudi Arabia spends billions in drive to dominate global games industry
Odey Asset Management to be broken up
Unhedged podcast: https://link.chtbl.com/Unhedged
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | The FT News Briefing is supported by Equinole, the UK's energy partner. |
| 0:06.3 | Learn more at equinole.co.uk |
| 0:10.2 | Good morning from the Financial Times. |
| 0:11.7 | Today is Friday, June 16th. |
| 0:13.7 | This is your FT News Briefing. |
| 0:18.7 | Saudi Arabia wants to be a dominant force in global gaming, |
| 0:23.0 | and a top UK financial firm has unraveled after an FT investigation. |
| 0:27.9 | But first, central banks have put out all kinds of signals this week. |
| 0:32.3 | What I'm kind of picking up from fund managers is a real sense of uncertainty |
| 0:37.9 | around what happens next. |
| 0:39.9 | The FT's Katie Martin will tell us more. |
| 0:42.2 | I'm Mark Filipino, and here's the news you need to start your day. |
| 0:53.2 | Central banks were not on the same page this week. |
| 0:56.8 | The Federal Reserve decided to take a pause on its long streak of rate hikes. |
| 1:01.0 | European central bankers went ahead and raised rates to their highest level in 22 years. |
| 1:05.8 | Oh, and China's central bank? |
| 1:08.0 | It cut its key rate. |
| 1:10.0 | To talk about how investors are responding to all of this is the FT's |
| 1:14.0 | markets editor, Katie Martin. |
| 1:15.4 | She's also co-host of the FT's new podcast called Un-Hedged. |
| 1:19.6 | Hey Katie. |
| 1:20.4 | Hey, how you doing? |
... |
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