President Vladimir Putin appears to have secured a diplomatic win he has sought for years, with a massive pipeline deal that would tie Russia and China together for decades and could redefine the global gas trade. The head of Russia’s Gazprom, speaking to Russian media in Beijing, said the gas giant has signed a legally binding agreement to build the long-anticipated Power of Siberia 2 pipeline to China via Mongolia. While Beijing has yet to confirm details of the deal, securing any advance in the project is a diplomatic coup for Putin as Moscow grapples with the impact of Western sanctions.
In corporate news, Nestlé dismissed Chief Executive Officer Laurent Freixe after only a year due to an undisclosed workplace affair, extending the management turmoil at the world’s biggest food company that’s known for its conservative corporate culture. The shares fell.
Today’s guests: David Zahn, Franklin Templeton Head of European Fixed Income, Christina Minnis, Goldman Sachs Global Head of Credit and Asset Finance and Head of Global Acquisition Finance.
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 – The Pulse With Francine Lacqua
00:01:11 – Xi, Putin Tighten Ties in Beijing With Apparent Gas Breakthrough
00:05:15 – Russia, China Agree on Long-Awaited Gas Pipeline, Gazprom Says
00:06:42 – David Zahn, Franklin Templeton Head of European Fixed Income
00:13:08 – Nestlé Shares Fall After CEO Ousted Over Workplace Relationship
00:21:10 – Christina Minnis, Goldman Sachs Global Head of Credit and Asset Finance and Head of Global Acquisition Finance
00:23:59 – Trump Says India Offered to Cut Its Tariffs to ‘Nothing’
00:27:24 – EU Seeks to Close Russian Gas Loopholes
00:31:17 – French Far Right Builds Momentum as Premier Heads Toward Exit
00:35:42 – UK Markets Slide as Debt Angst Drives 30-Year Yield to 1998 High
00:46:32 – Premier League Teams Spend $4 Billion in Record Transfer Market
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