Saudi Arabia has agreed to renew a $3 billion deposit with Pakistan’s Central Bank, Saudi Aramco reported record profits and a US tax on share buybacks is not expected to have a big impact on earnings. Also, Mexico’s president wants northern brewers to scale back because of the region’s drought.
Mentioned in this podcast:
Saudi Arabia renews $3 billion deposit in Pakistan
Saudi Aramco hits new profit record as high energy prices offer windfall
Know the new taxes
Mexico’s president calls for time to brew as drought intensifies
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The program editor is Jess Smith. Additional help from Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The main theme of the show is by Metaphor Music.
Read a transcript of this episode on FT.com