Crisis Hit Argentina Requests IMF Funds
Global business news, with live guests and contributions from Asia and the USA.
Argentina is asking the International Monetary Fund to bring forward a $50bn loan. It's a sign of how bad things have got for President Mauricio Macri - the peso has lost 40% of its value so far this year. Will this restore market confidence? We ask Luc Cohen, Argentina correspondent at Reuters. Facebook is increasing its presence in the world of online streaming - but fierce competition from YouTube and Netflix means it will have to carve out a unique identity, as we hear from Louise Matsakis of Wired.com. British car maker Aston Martin has announced plans to list its shares in London, the Βι¶ΉΤΌΕΔ's Theo Leggett explains what's behind the move. Plus why the city of Bournemouth in the south of England has the second most valuable beach in the world.
All this and more discussed with our two guests throughout the show: James Kirchick, a visiting fellow in the Center on the United States and Europe at the Brookings Institution, Washington DC. And Jonathan Cheng, Wall Street Journal Seoul bureau chief, who joins us from the South Korean capital.
(Photo: People demonstrate against the government of President Mauricio Macri and the latest deal with the International Monetary Fund, during the 202th anniversary of independence in Buenos Aires, on July 9, 2018. Credit: Getty Images.)
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