Investment Banking - Is the Market Turning Down?

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Russia's invasion of ukraine has wrecked the country's economy and its government finances. Last week, keve took the dramatic step of asking international credit s for a pause in its debt repayments. Ben hall speaks to sergi marcenko about how he is dealing with these challenges. He says russians are moving towards their target but it will be very long time before they get there. The f ts europe editor also talks to Stephen morris on his latest column.

The dollar’s surge to its highest level in 20 years is taking a toll on the corporate earnings of US companies with overseas operations, European bank earnings reports are expected to benefit from rising interest rates, and Ukraine’s Finance Minister Sergii Marchenko spoke to the FT about the challenges of managing his war-torn country’s finances.

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Mentioned in this podcast:

Fed to implement second 0.75 point rate rise amid uncertainty over next steps

The strong dollar wipes billions off US corporate earnings

Ukraine set to request delay in foreign debt repayments

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

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