Brazil’s bullish finance minister
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 3 December 2021
⏱️ 10 minutes
🧾️ Download transcript
Summary
Read a transcript of this episode on FT.com
https://www.ft.com/content/e596c61d-a93c-48e6-8a16-c3b67d1f3f17
Saudi Arabia has agreed to keep increasing monthly crude oil production following a charm offensive by Biden administration officials, the US is delaying a deal to remove Trump-era tariffs on UK steel and aluminium, and Brazil’s economy has entered a technical recession but its finance minister remains bullish about his economy. Plus, FT Weekend deputy editor, Esther Bintliff, talks about the magazine’s 2021 list of the 25 most influential women.
Opec+ sticks with oil supply increase after US overture to Saudi Arabia
https://www.ft.com/content/ef94213b-4b7f-44de-903e-1b48d35213ab
Brexit fears hold back US-UK trade deal
https://www.ft.com/content/608e5634-9894-449d-9a09-4f903f0e7169
Brazil’s finance minister vows ‘fight to the end’ to save reforms
https://www.ft.com/content/933c9809-4055-4c3b-b14a-00700630e5bb
The FT’s 25 most influential women of 2021
https://www.ft.com/womenof2021
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
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. Today is Friday, December 3rd. |
| 0:03.7 | This is your FT News briefing. |
| 0:08.6 | OPEC will open the spigots after a U.S. charm offensive. |
| 0:12.0 | Brexit troubles are mucking up a transatlantic trade deal, |
| 0:15.5 | and Brazil is in a technical recession. But its finance minister is unruffled. |
| 0:20.8 | I think that we are going to surprise the world again. |
| 0:26.4 | Palau Gades spoke to our Latin America editor, Michael Stott. |
| 0:29.7 | Michael will tell us more about the conversation. |
| 0:32.4 | A Mark Filipino, and here's the news you need to start your day. |
| 0:39.9 | Saudi Arabia and other OPEC-plus members agreed to keep increasing crude supply by 400,000 |
| 0:45.9 | barrels a day. This was a surprise to traders. They'd been expecting the oil group to pause |
| 0:51.6 | production increases in order to prop up prices. Analysts call yesterday's move a win for the U.S. |
| 0:58.0 | The White House has been on a diplomatic offensive to try and charm the Saudis as part of U.S. |
| 1:02.8 | efforts to bring down gas prices. Brank crude oil prices initially fell on the news, |
| 1:07.6 | but ended the trading day slightly higher at about $69 a barrel. |
| 1:12.0 | The U.S. has told the U.K. it is delaying plans to remove Trump-era tariffs on British |
| 1:22.2 | steel and aluminum. Washington is doing this due to concerns that London might change Brexit |
| 1:27.6 | trading rules. London has threatened to override parts of the deal it signed last year because |
| 1:32.4 | it's not happy with some parts of it. The U.S. and the EU have pressured the U.K. not to do it. |
| 1:37.9 | The FTZ's trade correspondent Amy Williams has more on what a delay in lifting the tariffs on |
| 1:42.8 | U.K. metals means for the country. Look, it's quite urgent for U.K. steel and to less |
| 1:49.3 | represent aluminum manufacturers because the U.S. just did a deal with the EU, which will essentially |
... |
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.