FT News Briefing

Prime money markets funds are in trouble

Three more US regulators have opened probes into Morgan Stanley, managers are planning to shut or convert US prime money market funds ahead of new regulations, and the European Central Bank held interest rates steady. Plus, sanctioned Russian oligarchs got a big win in a top EU court.  Mentioned in this podcast:<a href="https://on.ft.com/43RY8yZ" rel="noopener noreferrer" target="_blank">EU’s sanctions regime in turmoil after oligarchs win legal battle</a><a href="https://on.ft.com/43ZhJNB" rel="noopener noreferrer" target="_blank">Managers to shut or convert $220bn of US money market funds before rule change</a><a href="https://on.ft.com/4cT38qX" rel="noopener noreferrer" target="_blank">US allies urge Iran not to retaliate against Israel</a><a href="https://on.ft.com/43RY8it" rel="noopener noreferrer" target="_blank">European Central Bank holds interest rates at 4% in contested decision</a><a href="https://usftweekendfestival.live.ft.com" rel="noopener noreferrer" target="_blank">Register for our FTWeekend Festival in the US! </a>Promo code for 10% off tickets: weekendpodcast The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Ethan Plotkin, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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. <a href="https://www.ft.com/content/10715647-7e67-460e-9e5f-268f97ff9f8d" rel="noopener noreferrer" target="_blank">Read a transcript of this episode on FT.com</a> Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.

A rundown of the most important global business stories you need to know for the coming day, from the newsroom of the Financial Times. Available every weekday morning. Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.