Argentina debt holders greenlight restructuring, Lebanon’s new PM, European contact tracing woes
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 1 September 2020
⏱️ 9 minutes
🧾️ Download transcript
Summary
Argentina has succeeded in restructuring almost all of its $65bn debt with private creditors, global equities enjoy their best August since 1986, and Lebanon appoints Mustapha Adib as the country’s next prime minister as French president Emmanuel Macron visits Beirut. Plus, the FT’s Donato Paolo Mancini explains why Europe’s contact tracing efforts are struggling.
Argentina clinches near-unanimous backing for debt restructuring
ft.com/content/e3e8b783-9455-46f3-946f-15c31a29778b
Global equities complete hottest August since 1986
ft.com/content/b37fc114-57e2-4f5e-b4b4-e373dbcd58cc
Lebanon picks PM as Macron meets celebrated singer Fairuz
https://www.ft.com/content/eea244c3-39f7-4827-876f-46e1e28c7d8b
Europe’s fractured contact tracing linked to post-holiday Covid-19 surge
ft.com/content/86a818bb-a5d7-495c-98c8-6209f019ca71?
United Airlines scraps change fees for domestic tickets
https://www.ft.com/content/a686e554-1e9e-424d-9b6e-0df841f68bb6
Hosted on Acast. See acast.com/privacy for more information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Good morning from the Financial Times. |
| 0:02.0 | Today is Tuesday, September 1st, |
| 0:04.4 | and this is your FT news briefing. |
| 0:08.3 | Dead holders give Argentina the thumbs up |
| 0:10.9 | on the country's restructuring offer. |
| 0:13.2 | Global equities had its hottest August since the Reagan administration, |
| 0:17.0 | and a few weeks after Beirut's massive explosion, |
| 0:19.5 | Lebanon has a new prime minister. |
| 0:22.0 | Plus, Europe is undergoing a new coronavirus surge, |
| 0:25.2 | and it's creating a huge headache for contact tracing efforts. I'm Mark Filipino, |
| 0:30.7 | and here's the news you need to start your day. |
| 0:33.0 | After months of back and forth, |
| 0:38.0 | Argentina and its creditors have come to a deal. |
| 0:44.7 | Economy Minister Martin Guzman announced on Monday that 99% of creditors have accepted the government's |
| 0:50.4 | offer to restructure $65 billion of debt. |
| 0:54.0 | Argentina barely got the deal in before the deadline last month. |
| 0:57.9 | The deal will extend maturities on debt and bring the rate of return down from 7% to around 3%. |
| 1:04.2 | It'll enable creditors to swap old bonds for new ones. |
| 1:07.8 | This is huge for Argentina. |
| 1:09.6 | The deal puts an end to the country's ninth sovereign debt default. |
| 1:13.0 | So we're in pandemic, |
| 1:15.0 | salient to the default. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Forhecz Topher, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Forhecz Topher and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.