Tuesday, August 13
FT News Briefing13 Aug 2019

Tuesday, August 13

Investors see the odds of an Argentine debt default soaring after opposition candidate Alberto Fernández’s victory in primary elections, the US yield curve flattened to levels not seen since before the financial crisis and consulting group KPMG ousted the head of its UK financial services unit after an investigation into his conduct involving messages sent on WhatsApp. Plus, the FT’s senior energy correspondent, Anjli Raval, unpacks Saudi Aramco’s first-ever earnings call in the lead up to its expected initial public offering.

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

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

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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...

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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

US shale producers not yet tempted by $100 oil

US shale producers not yet tempted by $100 oil

Donald Trump warned Nato faces a “very bad” future if US allies fail to assist in opening up the Strait of Hormuz, and though oil prices have breached $100 per barrel, America’s shale producers aren’t...

16 Mars 12min

Artificial intimacy: How to fall in love with AI

Artificial intimacy: How to fall in love with AI

Introducing Artificial intimacy from Tech Tonic. For the next episodes in this season go to the Tech Tonic feed.Calder Quinn has fallen into a relationship with a chatbot called Sara. She’s kind, emot...

14 Mars 37min

US-Iran war boosts Russian oil revenues

US-Iran war boosts Russian oil revenues

Gulf oil producers have lost billions of dollars in energy revenues since the start of the US-Iran war, but there is one country benefiting: Russia. It is earning as much as $150mn a day in extra budg...

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