Tuesday, August 13

FT News Briefing

Forhecz Topher

News, Daily News, News & Politics

4.4 • 1.3K Ratings

🗓️ 13 August 2019

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

Investors see the odds of an Argentine debt default soaring after opposition candidate Alberto Fernández’s victory in primary elections, the US yield curve flattened to levels not seen since before the financial crisis and consulting group KPMG ousted the head of its UK financial services unit after an investigation into his conduct involving messages sent on WhatsApp. Plus, the FT’s senior energy correspondent, Anjli Raval, unpacks Saudi Aramco’s first-ever earnings call in the lead up to its expected initial public offering.

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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.
0:12.8	Today is Tuesday, August 13th, and this is your FT news briefing.
0:19.2	After a surprising outcome in Argentina's primary election, the probability of a debt default. the 2007. And KPMG
0:32.7	Oosts another senior partner after an investigation into his conduct.
0:37.8	Plus, the F.T.'s Angeli Revol
0:40.0	recaps Saudi Aramco's first ever earnings call
0:43.3	and how the world's largest oil company
0:45.6	is doing in the buildup to its IPO.
0:48.8	I'm Mark Filipino, and here's the news
0:51.2	you need to start your day.
0:56.0	Argentine assets were hit hard on Monday after an upset for President Mauricio Macri and the country's primary elections over the weekend.
1:04.4	Opposition leader Alberto Fernandez and his running mate former President Christina Fernandez
1:09.3	de Kirshner nailed down a victory in the preliminary round of voting.
1:13.4	They received nearly 48% of the vote.
1:16.4	Mr Macri's coalition took home about 32%.
1:19.8	F.T. markets reporter Colby Smith explains how investors reacted.
1:25.0	It was a rough day for Argentine assets on Monday.
1:28.0	The peso at one point lost more than a fifth of its value against the dollar.
1:32.0	And the yields on the government... been a fifth of its value against the dollar.
1:32.9	And the yields on the government bond spiked,
	...

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