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FT News Briefing

Friday, August 30

FT News Briefing

Forhecz Topher

Daily News, News & Politics, News

4.41.3K Ratings

🗓️ 30 August 2019

⏱️ 9 minutes

🧾️ Download transcript

Summary

US companies are unlikely to heed Donald Trump’s call to ditch their investments in China, Argentina’s request for more time to pay $101bn of debts meets a cool reception from the country’s creditors, and UK prime minister Boris Johnson is sending his chief Brexit negotiator to meet with EU counterparts to hammer out a revised exit deal. Plus, the FT’s James Politi walks us through the legacy Christine Lagarde leaves at the IMF and what it might say about her future as the incoming president of the European Central Bank.

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Transcript

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0:00.0

The UK's energy partner.

0:06.0

Learn more at equinore.

0:10.0

Good morning from the newsroom of the Financial Times.

0:12.0

Today is Friday, August 30th. Good morning from the newsroom of the Financial Times.

0:12.6

Today is Friday, August 30th.

0:15.2

And this is your FT news briefing.

0:18.9

US companies are unlikely to leave China,

0:21.8

ignoring last week's order from US President Donald Trump. unlikely to

0:25.0

a leave China, ignoring last week's order from US President Donald Trump. Argentina has had a cool reception from creditors to a request for more time to pay its more than $100 billion of debts.

0:34.1

And with Rebel Conservative Party members breathing down his neck, Boris Johnson is ramping

0:38.7

up efforts to get a new Brexit deal done.

0:42.1

Plus the F.T.'s James Polidi walks us through the legacy

0:45.7

Christine Lagarde leaves at the IMF and what it might tell us about her future

0:50.0

at the European Central Bank. I'm Mark Filipino, and here's the news you need to start your day.

0:57.0

Last week, U.S. President Donald Trump ordered U.S. companies to look for alternatives to China.

1:05.9

But it's unlikely those companies will listen.

1:09.0

Craig Allen is the head of the U.S. China Business Council.

1:12.1

He told reporters on Thursday that, quote,

1:14.4

the members of the Council are in China for the long term,

1:17.6

and that none of them are anticipating orders to leave.

1:21.2

The President tweeted the order last Friday as the U.S. and China exchanged even greater

1:26.1

tariff threats.

...

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