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World Business Report: First broadcast 2018/08/29 22:32 GMT: Crisis Hit Argentina Requests IMF Funds

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Crisis Hit Argentina Requests IMF Funds

First broadcast 2018/08/29 22:32 GMT

First broadcast 2018/08/29 22:32 GMT: Crisis Hit Argentina Requests IMF Funds

BBC World Service - World Business Report, Crisis Hit Argentina Requests IMF Funds

President Macri says the move is designed to restore confidence in the Argentine economy.

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 Louise Matsakis of Wired.com explains.  Britain and France are arguing over scallops - we get the details about how one side's boat ended up with holes after a scuffle between fisherman from both countries. Plus Giri Cherukuri of Oakbrook Investments in Chicago with the latest from Wall Street.

(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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First broadcast 2018/08/29 22:32 GMT: Crisis Hit Argentina Requests IMF Funds

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