US tensions with Latin America are a boon for China
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 20 May 2022
⏱️ 12 minutes
🧾️ Download transcript
Summary
Canada is banning Chinese telecom giant Huawei from its 5G network, US plans to host the Summit of Americas are in disarray as Latin American heads of state refuse to attend. Plus, the California-based asset manager Pimco is trying to adapt to an era of rising interest rates and passive investing.
Mentioned in this podcast:
Canada to ban Chinese telecoms Huawei and ZTE from 5G networks
US summit struggles in Latin America are a boon to China
Pimco: navigating the end of the bond bull market
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
Correction: An earlier version of this podcast featured a guest mistaking Samsung for Huawei. This reference has been removed.
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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 |
| 0:09.8 | Good morning from the Financial Times. |
| 0:11.5 | Today is Friday, May 20th, and this is your FT News Briefing. |
| 0:18.6 | Canada is giving Huawei the boot. |
| 0:21.4 | The US is losing influence in Latin America, while China makes inroads, |
| 0:25.9 | one observer put it like this. |
| 0:28.0 | The US stands towards the region, rather like the Vatican. |
| 0:31.9 | There's a lot of rules. |
| 0:33.5 | It's very difficult to get entry. |
| 0:35.7 | The Chinese are a bit like the Mormons. |
| 0:37.4 | You know, they're these two nice guys in suits who knock at your door |
| 0:40.8 | and say they just want to help. |
| 0:42.8 | Plus, after years of going up, |
| 0:44.4 | bond prices have been dropping. |
| 0:46.4 | We'll ask our markets editor, Katie Martin, |
| 0:48.3 | about whether the bull run for bonds is coming to an end. |
| 0:52.1 | A Marc, Philippineau, and here's the news you need to start your day. |
| 0:57.5 | Canada says it will ban the Chinese telecoms companies Huawei and ZTE |
| 1:07.2 | from providing 5G services in the country. |
| 1:09.9 | A top Canadian official said companies who already have equipment installed |
| 1:13.8 | from the two companies will have to remove it |
... |
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