Rio Tinto’s surprise CEO hunt

US stocks jumped yesterday after President Donald Trump said trade talks with the EU were headed in a "positive" direction, and McKinsey cut 10 per cent of its staff in an effort to increase profits. Plus, Asian currencies are getting a boost from investors’ bets on US trade deals and the FT’s Leslie Hook explains what’s next for Rio Tinto after it asked its chief executive Jakob Stausholm to step down. Mentioned in this podcast:US stocks jump as Donald Trump touts ‘positive’ progress on EU trade talksAsian currencies boosted by investor bets on US trade dealsMcKinsey sheds 10% of staff in two-year profitability drive Rio ousted chief Jakob Stausholm to seek boss with more mining experienceToday’s FT News Briefing was produced by Sonja Hutson, and Marc Filippino. Additional help from Blake Maples and Michael Lello. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

What this episode covers

US stocks jumped yesterday after President Donald Trump said trade talks with the EU were headed in a "positive" direction, and McKinsey cut 10 per cent of its staff in an effort to increase profits. Plus, Asian currencies are getting a boost from investors’ bets on US trade deals and the FT’s Leslie Hook explains what’s next for Rio Tinto after it asked its chief executive Jakob Stausholm to step down. Mentioned in this podcast:US stocks jump as Donald Trump touts ‘positive’ progress on EU trade talksAsian currencies boosted by investor bets on US trade dealsMcKinsey sheds 10% of staff in two-year profitability drive Rio ousted chief Jakob Stausholm to seek boss with more mining experienceToday’s FT News Briefing was produced by Sonja Hutson, and Marc Filippino. Additional help from Blake Maples and Michael Lello. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

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