FT News Briefing How Argentina pulled off its latest IMF deal
68 snips
Apr 15, 2025 Brussels is considering options for European firms to exit long-term Russian gas contracts, highlighting geopolitical tensions. Meanwhile, Argentina has secured a significant $20 billion deal with the IMF to address pressing financial challenges. This agreement involves lifting currency controls, raising hopes for economic stabilization, despite the looming threat of inflation and upcoming elections. Additionally, China's President Xi Jinping is actively promoting Beijing's business outlook in Southeast Asia, showcasing shifting international trade dynamics.
AI Snips
Chapters
Transcript
Episode notes
EU Seeks to Break Russian Gas Deals
- The EU explores legal options, including force majeure, to break Russian gas contracts.
- This aims to cut off Russian energy imports without extra fees, but may be legally challenging.
Xi Jinping's Southeast Asia Visit
- Xi Jinping visits Southeast Asia to promote China as an alternative trading partner.
- This comes as US tariffs pressure Southeast Asian economies reliant on US exports.
Goldman Sachs' Mixed Q1
- Goldman Sachs saw increased equity trading profits due to market volatility caused by Trump's policies.
- However, investment banking fees fell due to uncertainty affecting dealmaking.