Monday, July 29
FT News Briefing29 Juli 2019

Monday, July 29

The UK chancellor of the exchequer, Sajid Javid, plans to announce more than £1bn in increased funding for a no-deal Brexit, Deutsche Bank investigates whether confidential client data was compromised after it failed to deactivate dozens of accounts of fired staff, US President Donald Trump moves to replace Dan Coats as US director of national intelligence and some foreign car manufacturers in China are operating at a fraction of their potential output. Plus, the FT’s Arash Massoudi explains what the London Stock Exchange is looking to achieve with a potential takeover of financial market data provider Refinitiv.

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Investors try to stay ahead of Trump’s Iran moves

Investors try to stay ahead of Trump’s Iran moves

Iran’s top military leadership dismissed Donald Trump’s claims that the Islamic republic was ready to make a deal, the US president appears to make abrupt policy pivots based on swings in oil prices, ...

26 Mars 11min

Gold hasn’t been acting like itself lately

Gold hasn’t been acting like itself lately

Meta and OpenAI will be among the first customers of Arm’s long-awaited new AI processor, the haven asset gold hasn’t been looking like its usual self, and Volkswagen is in talks to switch production ...

25 Mars 11min

Netanyahu’s rivals try to outdo him over Iran

Netanyahu’s rivals try to outdo him over Iran

Sources tell the FT that Pakistan is positioning itself as the lead mediator trying to broker an end to the US’s and Israel’s war against Iran, and the US ambassador to the EU says the bloc must imple...

24 Mars 11min

Strait of Hormuz crisis poses fresh threat to global food, energy

Strait of Hormuz crisis poses fresh threat to global food, energy

The World Food Project warns millions more could be pushed into acute hunger if the Strait of Hormuz remains closed. Plus, energy executives meet in Houston as war in Iran rages, and China pitches its...

23 Mars 12min

The ‘Armageddon scenario’ for gas markets

The ‘Armageddon scenario’ for gas markets

Investors sounded the alarm on Thursday after a major Qatar gas facility took serious damage, and amateur traders are going wild for five-minute bets. Mentioned in this podcast:‘Armageddon scenario’ f...

20 Mars 12min

Federal Reserve holds steady as inflation fears mount

Federal Reserve holds steady as inflation fears mount

The US has relaxed sanctions on Venezuela’s state-owned oil group Petróleos de Venezuela and the Federal Reserve has stuck with plans to cut rates later this year. Plus, Walmart won patents to give al...

19 Mars 11min

How Saudi Arabia’s bet on Iran backfired

How Saudi Arabia’s bet on Iran backfired

The EU wants to make mergers a bit easier, Wall Street banks are offloading $18bn of debt tied to video game maker Electronic Arts, and investors are piling into cash at the fastest rate since the Cov...

18 Mars 10min

Iran war tests China’s oil stockpile

Iran war tests China’s oil stockpile

The FT’s Gideon Rachman explains what the Strait of Hormuz’s closure means strategically for Iran, Italy’s UniCredit has launched a €35bn takeover offer for Commerzbank and China’s oil stockpile is pu...

17 Mars 10min

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