Argentina’s $16bn saga with a US court
10/04/23 • 18 min
When Argentina’s president announced plans to nationalise an oil company in 2012, it was presented as a way to grow the country’s wealth. Eleven years on, a court in New York City decided that the country owes some of the oil company shareholders $16bn. The FT’s Joe Miller and Ciara Nugent explain why this has happened. And, we look at what this means for Argentina, as it grapples with skyrocketing inflation and an important presidential election later this month.
Clips from CNN, NBC News, Reuters, Televisión Pública
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For further reading:
After $16bn judgment, Burford’s next battle will be making Argentina pay
Argentina radical rightwinger shakes up presidential race with primary win
Burford chief executive fears Argentine reprisals
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On X, follow Joe Miller (@JoeMillerJr), Ciara Nugent (@ciaraCnugent) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
When Argentina’s president announced plans to nationalise an oil company in 2012, it was presented as a way to grow the country’s wealth. Eleven years on, a court in New York City decided that the country owes some of the oil company shareholders $16bn. The FT’s Joe Miller and Ciara Nugent explain why this has happened. And, we look at what this means for Argentina, as it grapples with skyrocketing inflation and an important presidential election later this month.
Clips from CNN, NBC News, Reuters, Televisión Pública
- - - - - - - - - - - - - - - - - - - - - - - - -
For further reading:
After $16bn judgment, Burford’s next battle will be making Argentina pay
Argentina radical rightwinger shakes up presidential race with primary win
Burford chief executive fears Argentine reprisals
Love listening to Behind the Money? Show your support and vote for us! We’re competing for the Signal Listener’s Choice Award. Vote here.
- - - - - - - - - - - - - - - - - - - - - - - - -
On X, follow Joe Miller (@JoeMillerJr), Ciara Nugent (@ciaraCnugent) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Previous Episode
Best Of: Why Apple can’t leave China
This week, we’re revisiting an episode from earlier this year. Apple has spent two decades and billions of dollars building a massive supply chain for its products. At the centre of that operation is China. But as Beijing has become more authoritarian and relations with the US sour, it has become harder for Apple to do business there. The company has been signalling recently that it will diversify away from the country, but the FT’s Patrick McGee explains why cutting ties will be extremely difficult.
Clips from Fox News, CGTN, Yahoo, ABC
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For further reading:
How Apple tied its fortunes to China
What it would take for Apple to disentangle itself from China
‘A shot across the bow’: how geopolitics threatens Apple’s dependence on China
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On X, follow Patrick McGee (@PatrickMcGee_) and Michela Tindera (@mtindera07)
Hosted on Acast. See acast.com/privacy for more information.
Next Episode
FTC versus Amazon
In its latest fight to curb the power of Big Tech, the US Federal Trade Commission has sued Amazon. The regulator says the e-commerce giant has become such a big monopoly that its practices are hurting consumers and the third-party sellers that rely on its services. The FT’s San Francisco correspondent Camilla Hodgson explains what this case could mean for the company’s future.
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For further reading:
Amazon’s most prominent antitrust critic makes her case
What Lina Khan’s antitrust case could mean for Amazon
Amazon offers concessions over third-party sales to appease UK antitrust watchdog
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On Twitter, follow Camilla Hodgson (@CamillaHodgson) and Topher Forhecz (@ForheczT)
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
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