Friday, August 23
FT News Briefing23 Aug 2019

Friday, August 23

A harbinger of a recession, the yield on the two-year Treasury bill rose above that of the benchmark 10-year note again on Thursday as the world’s central bankers convened in Jackson Hole, Wyoming. Plus, intensifying regulatory scrutiny of Facebook’s Libra digital currency has spooked some of the project’s early backers, and Brazil’s environment minister says the solution to illegal logging in the Amazon is to “monetise” it. Then, the FT’s Victor Mallet previews what might come out of this weekend’s G7 summit.

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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...

13 Mars 12min

Hold on — tech stocks are a safe haven now?

Hold on — tech stocks are a safe haven now?

The International Energy Agency has launched the largest release of strategic oil reserves in its history, investors have sought shelter from the turmoil of the war in Iran in US tech stocks and US in...

12 Mars 11min

 Corporate America grapples with huge oil price swings

Corporate America grapples with huge oil price swings

Oracle’s shares climbed 9 per cent on Tuesday after the database group posted better than expected earnings, and we discuss how American businesses are navigating soaring energy prices. Plus, the high...

11 Mars 11min

The US is leaving an Iranian island untouched

The US is leaving an Iranian island untouched

The price of oil fell sharply, and we’ll take a look at why the US and Israel are avoiding an attack on Iran’s Kharg Island. Plus, the FT’s George Hammond explains what the tenuous relationship betwee...

10 Mars 11min

Oil price surge risks upending global economy

Oil price surge risks upending global economy

Iran names Ayatollah Ali Khamenei’s son, Mojtaba Khamenei, as the new supreme leader. Plus, global central bankers are eying the jump in crude prices and the impact on inflation, and Gulf businesses s...

9 Mars 12min

Iran war’s global energy impact

Iran war’s global energy impact

As insurance costs rocket for shipping in the Strait of Hormuz, Asian countries brace for an energy shock. The rapid expansion of American-owned data centres in the Middle East has opened up a new fro...

6 Mars 12min

Khamenei’s son is frontrunner to be Iran’s supreme leader

Khamenei’s son is frontrunner to be Iran’s supreme leader

Israel expects war against Iran to last weeks and Ayatollah Khamenei’s son emerges as a leading candidate for supreme leader. Plus, the Federal Reserve grants crypto exchange Kraken access to its core...

5 Mars 11min

Iran crisis sends European gas prices soaring

Iran crisis sends European gas prices soaring

Gas prices have soared on the back of the war in the Middle East, and US president Donald Trump criticised some European nations for not being helpful in the conflict. Plus, the ongoing crisis is disr...

4 Mars 11min

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