Monday, November 18

FT News Briefing

Forhecz Topher

Daily News, News & Politics, News

4.4 • 1.3K Ratings

🗓️ 18 November 2019

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Saudi Aramco scales back the initial public offering of its state oil giant, Nancy Pelosi, the Speaker of the US House of Representatives, says she will “make sure” President Donald Trump does not “intimidate” the whistleblower who sparked the impeachment inquiry, UK prime minister Boris Johnson is expected to pledge to reduce business rates and provide a series of tax breaks worth about £1bn a year and HP’s board of directors unanimously rejects a $22-a-share bid from rival Xerox. Plus, the FT’s Archie Hall explains why some yield-starved investors are piling into income share agreements with students looking to finance higher education.

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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 Monday, November 18th. Good morning from the Newsroom of the Financial Times.
0:12.5	Today is Monday, November 18th,
0:14.9	and this is your FT news briefing.
0:18.1	Saudi Aramco is scaling back its initial public offering.
0:21.6	Nancy Pelosi vows to protect the Ukraine
0:23.8	whistleblower from President Trump. Boris Johnson will attempt to woo
0:27.7	corporate Britain today and HP unanimously rejects an offer from its smaller rival.
0:33.7	Plus, the cost of higher education means that students,
0:36.8	especially American students, are buried in debt.
0:40.6	The FT's Archie Hall reports on an alternative method of funding students that is gaining ground.
0:46.0	I'm Mark Filipino, and here's the news you need to start your day.
0:53.4	Saudi Arabia had high hopes for Saudi Aramco's initial public offering.
0:57.8	Now it's scaling back its expectations.
1:01.0	The kingdom had once wanted to raise a hundred billion dollars, but on Sunday it
1:05.3	said it's now aiming for about a quarter of that. The state oil giants listing will
1:10.4	still be significant. Saudi Aramco will float just 1.5% of its total shares to investors
1:16.4	at a price that will value it at between 1.6 trillion and 1.7 trillion dollars.
1:22.0	It would overtake Apple as the largest listed company in the world. But it falls
1:26.6	short for Crown Prince Mohammed bin Salman, who wanted to sell as much as 5% of the company
	...

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