FT News Briefing
The return of David Cameron
Nov 14, 2023
A sudden ban on short selling in South Korea is stirring controversy among global investment banks. Rishi Sunak’s shock announcement of David Cameron’s return as Foreign Secretary has sent ripples through UK politics. Meanwhile, Hollywood is bouncing back with a new labor deal that empowers actors and writers, addressing critical issues like AI protections. The entertainment industry faces scrutiny over budget cuts at major studios, raising concerns about content quality and job security.
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Quick takeaways
- Global banks criticize South Korean short selling ban, arguing it will drain liquidity from financial markets and make it difficult to value listed companies.
- UK Prime Minister Rishi Sunak's cabinet reshuffle, which includes bringing back David Cameron as the new Foreign Secretary, aims to appeal to moderate conservative voters and recover support for the Conservative Party.
Deep dives
Global investment banks upset with South Korean short selling ban
South Korea has implemented a ban on short selling, which has drawn criticism from global investment banks. The ban, which will last until June, is aimed at addressing fair pricing issues in the country's capital markets. However, banks argue that it will make it difficult to properly value listed companies and drain liquidity from South Korea's financial markets.
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