nc

Saudi Aramco's oil deal with India's Reliance Industries

Saudi Arabia's state oil company Aramco is making a high stakes investment in India as the world’s largest crude oil exporter seeks to deepen its ties with the fastest growing energy consumer. Tom O’Sullivan discusses the proposed investment, announced by Reliance Industries chairman Mukesh Ambani, with Benjamin Parkin and Anjli Raval.


Contributors: Tom O’Sullivan, deputy analysis editor, Benjamin Parkin, Mumbai correspondent, and Anjli Raval, senior energy correspondent. Producer: Fiona Symon

 

See acast.com/privacy for privacy and opt-out information.




nc

Italy's new governing alliance

Italy's prime minister Guiseppe Conte lives to fight another day after a bid by the populist leader Matteo Salvini to unseat him and win power by holding snap elections failed. Katie Martin discusses whether the new alliance between the Five Star Movement and its former enemy, the Democratic Party, can last with Ben Hall and Miles Johnson.


Contributors: Katie Martin, capital markets editor, Ben Hall, Europe editor, and Miles Johnson, Rome correspondent. Producer: Fiona Symon

 

See acast.com/privacy for privacy and opt-out information.




nc

Why a French luxury group wants to buy Tiffany’s

The French luxury goods group LMVH has made a surprise $14.5bn offer for Tiffany’s, the New York jeweller immortalised in the 1961 film Breakfast at Tiffany’s.  Harriet Agnew and Vanessa Holder talk to Katie Martin about whether the takeover bid will succeed and the merits for both sides in the current geopolitical climate.


Contributors: Katie Martin, capital markets editor, Harriet Agnew, Paris correspondent and Vanessa Houlder, Lex writer. Producers: Persis Love and Fiona Symon

 

See acast.com/privacy for privacy and opt-out information.




nc

Can innovative finance help save the world’s wildlife?

Wildlife conservation used to be largely financed by wealthy donors and governments. Now, efforts to attract institutional investors are showing significant potential, as a recent Rhino Bond launched by the Zoological Society of London, the FT’s seasonal appeal partner this year, showed. Oliver Withers, ZSL’s head of conservation finance and Aunnie Patton Power, expert in innovative investing and impact finance talk to John Aglionby about the changing landscape of conservation financing. Visit the FT’s seasonal appeal page to donate here


Contributors: John Aglionby, assistant UK news editor, Oliver Withers, ZSL’s head of conservation finance and Aunnie Patton Power, expert in innovative investing and impact finance. Producer: Fiona Symon. Editor: Breen Turner

 

See acast.com/privacy for privacy and opt-out information.




nc

China steps up bid for tech self-reliance

Beijing has ordered government offices and public institutions to remove all foreign computer equipment and software within three years as part of its bid for self-reliance in office technology. Malcolm Moore discusses the ramifications for Chinese and US companies and for the global supply chain with the FT’s Yuan Yang in Beijing.


Contributors: Malcolm Moore, technology news editor, and Yuan Yang, Beijing technology correspondent.  Producer: Fiona Symon

 

See acast.com/privacy for privacy and opt-out information.




nc

New UK government brings change and uncertainty

Last week Boris Johnson lead the conservative party to its biggest victory in over 30 years on a promise to “get Brexit done”. What should the UK expect from its new government and how has business reacted to the election? George Parker and Adam Samson talk to Siona Jenkins about what the next five years could bring.


Contributors: Siona Jenkins, editor, UK news, George Parker, political editor and Adam Samson, global head of Fast FT. Producer: Persis Love. Photo credit: Leon Neal/PA

 

See acast.com/privacy for privacy and opt-out information.




nc

Are financial institutions waking up to climate change?

Questions about the future of fossil fuels are putting new pressure on companies and financial institutions. How are they responding and should they be doing more? Pilita Clark talks to Huw van Steenis, chair of the sustainable finance committee at UBS and a former adviser to Bank of England governor, Mark Carney, and Billy Nauman, reporter for the FT’s Moral Money. 


Contributors: Huw van Steenis, chair of the sustainable finance committee at UBS, Pilita Clark, business columnist and Billy Nauman, reporter and producer, moral money. Producer: Persis Love. Photo credit: Saul Loeb/AFP/Getty

 

See acast.com/privacy for privacy and opt-out information.




nc

Introducing the FT News Briefing: Fed cuts to zero, airport pinch, hand sanitiser sale

Introducing the FT News Briefing. It is a rundown of the global business stories you need to know for the coming day, from the newsroom of the Financial Times. If you enjoy it, subscribe to the FT News Briefing wherever you get your podcasts, or listen at FT.com/newsbriefing.


Monday, March 16

The Federal Reserve cut interest rates to zero and joined forces with other central banks in a bid to prevent a severe economic downturn caused by the coronavirus outbreak. The FT’s Gillian Tett unpacks the sweeping measures. Plus, the rapid spread of the coronavirus and the ensuing travel restrictions have led to one of the worst months on record for the airport industry, and French industrials group Air Liquide is asking would-be buyers of its hand sanitiser unit to offer a higher sum in the wake of the outbreak. 

 

See acast.com/privacy for privacy and opt-out information.




nc

Coronavirus gives Bolivia’s ‘interim’ president chance to extend rule

Jeanine Añez settles in for long haul as pandemic adds to political uncertainty




nc

The pandemic tests tempers and tolerance in Mexico

Some officials are using Covid-19 to jump on the neoliberal-bashing bandwagon




nc

France limits nicotine sales after coronavirus study  

Stimulant given as ‘likely’ reason for lower infections but authorities stress health risks




nc

FDA gives emergency authorisation to remdesivir

US-led trial shows positive results in hastening recovery time for coronavirus patients




nc

How emergency planning has kept lights on and taps running

Energy, water and other utility groups keep services going despite lockdowns and cuts




nc

National Express/placings: fortune favours the financed

Well-capitalised businesses will have an increased advantage for the next few years




nc

Brookfield launches $5bn rescue fund for retailers

Investment group that owns US malls pledges to help groups weather coronavirus crisis




nc

Turkey digs in for currency battle

‘Cat-and-mouse game’ pitches central bank against market forces




nc

Top US official plays down Turkey’s prospects of securing dollar finance

Large foreign financing requirement and small reserves leave Erdogan facing cash crunch




nc

Will the Bank of England announce more QE?

Market Questions is the FT’s guide to the week ahead




nc

Iran’s parliament backs move to cut 4 zeros from its currency

Rial to be changed to the toman after five decades of inflation




nc

Swiss National Bank’s swollen balance-sheet poses risk to ‘credibility’

Analysts fear unintended consequences of central bank’s vast foreign-currency holdings




nc

Facebook’s Libra appoints Bush-era terrorism finance tsar as first chief

Stuart Levey, known for tough enforcement of sanctions on Iran, will head digital currency project




nc

Why universities deserve special financial support

Higher education should not be treated as just another business




nc

Pandemic is putting banks’ resilience to the test

Regulators must ensure that lenders’ defences are sufficiently robust




nc

Virus outbreak on French warship sparks military weakness fears

Potential adversaries could seek to exploit vulnerabilities triggered by pandemic, warn analysts




nc

Hedge funds bet on gold as refuge from ‘unfettered’ currency printing

Big-name investors such as Elliott and Caxton act on concerns over debasement of money




nc

Central banks ‘hesitant’ on digital currencies, says ex-governor

Christian Noyer believes projects available to consumers are a way off yet




nc

Banks press exchanges for virus contingency plans

Industry associations demand detail to manage risk of trading from home




nc

LSE to pay dividend after riding market turbulence

Frantic trading across financial markets pushes revenues up at the exchange and financial data group




nc

Prince Andrew repaid own charity after queries from regulator

Charity Commission intervened over £350,000 of payments to Duke of York’s private secretary




nc

Watches to watch: 10 models from this year’s announcements

Watchmakers press on with new releases, despite the coronavirus




nc

Lockdown lunches: how to make French onion soup

Tim Hayward helps the FT's Daniel Garrahan turn his kitchen into a Parisian bistro




nc

China’s internet interference is TikTok famous

The video app loved by teenagers is powered by artificial intelligence and protectionism




nc

What Japan Inc really thinks about Carlos Ghosn

Downfall of carmaker’s former boss sets up clash between country’s old guard and its reformists




nc

Stockpickers failed to take ‘big chance’ in market rout

Rise of volatility and dispersion was supposed to bring a change of fortunes versus passive




nc

China’s US stock market flops raise governance concerns  

Companies suffer steep share-price falls while Luckin implosion highlights risks




nc

US stocks close out best month since 1987

Central bank support and rising hopes for economic reopening spark April rally




nc

Four groups swoop for British Steel’s French factory

Bids complicate Chinese investor’s efforts to buy out whole of troubled company




nc

Shell cuts dividend for first time since second world war

Oil price collapse triggered by coronavirus pandemic almost halves Anglo-Dutch group’s earnings




nc

Hedge fund rules make financial system fragile

Charging 2 per cent to hold assets when returns are low is wrong, writes Sebastian Mallaby




nc

Nigeria ratifies finance law in boost for small business

Legislation cuts taxes for some enterprises while increasing VAT




nc

South African miners applaud move to cut reliance on Eskom power

Pretoria has waived rules that prevented mining groups generating electricity for their own use




nc

Anglo American ‘encouraged’ by South African move to loosen currency controls

Restrictions have hampered miner’s ability to move money out of the country




nc

US stocks fall 10% in worst day since 1987 crash 

Wall Street’s late sell-off came on top of Europe’s worst-ever single day performance




nc

Philippines shuts financial markets indefinitely

Country becomes first in world to halt all stock, bond and currency trading




nc

Non-bank lenders push for access to emergency state funding

Lobby groups led by UK Finance warn there is likelihood of ‘severe’ impact to borrowers




nc

US mortgage lenders face liquidity crunch

Non-bank lenders put on downgrade watch as sector braces for wave of borrowers not paying




nc

US businesses face uncertainty over paying staff for temperature checks

The time it takes for employees to be assessed is putting companies in delicate legal territory




nc

Coronavirus: Pence aide tests positive for Covid-19 — as it happened




nc

Coronavirus latest: Spain’s Sánchez urges caution as lockdown is eased




nc

Admiral shows the insurance industry how it is done

Company to refund fraction of policy premiums to reflect reduction in driving