Economic · Economic

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Sisi set to hold meeting with Trump at upcoming G7 summit

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Sisi set to hold meeting with Trump at upcoming G7 summit US President Donald Trump is set to hold talks with Egyptian President Abdel Fattah al-Sisi on the sidelines of the upcoming G7 summit in France. In a statement, the Egyptian presidency said Sisi is expected to hold a series of bilateral meetings during the event, with talks centring on "discussing ways to resolve international geopolitical crises and address their repercussions on trade, energy, and supply chains".

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Economic · Economic

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Fed Chair Warsh Faces Challenging Debut

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New Federal Reserve Chair Kevin Warsh will have his first press conference amid inflation and uncertainty over interest rates. Bloomberg Intelligence Chief US Interest Rate Strategist Ira Jersey joins David Gura and Christina Ruffini on Bloomberg This Weekend to examine the current division within the Fed and what Warsh may do going forward. (Source: Bloomberg)

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Economic · Economic

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China will be a neighbour Mongolia can rely on, Foreign Minister Wang Yi pledges

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Chinese Foreign Minister Wang Yi pushed for stronger cross-border transport and trade ties during a visit to Mongolia over the weekend as Beijing sought to anchor the country’s newly formed government within its economic orbit. “China’s policy towards Mongolia maintains stability and continuity, and has always placed the development of bilateral relations in an important position in its neighbourhood diplomacy,” Wang said during a meeting with President Ukhnaagiin Khurelsukh on Saturday.

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Economic · Economic

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Dollar steadies, set for weekly loss on US-Iran deal talks

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The dollar steadied but eyed a weekly loss as Middle East peace talks and SpaceX's massive IPO dominated market attention. The euro edged higher after the ECB's rate hike, while traders awaited the Federal Reserve's upcoming meeting. Markets are assessing the impact of potential peace and the SpaceX offering on fund flows.

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Economic · Economic

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Gold heads for second weekly loss on rate rise expectations

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Gold prices are heading for a second weekly loss as expectations of higher interest rates, driven by persistent inflation concerns, weigh on the non-yielding metal. Traders are anticipating a potential U. S. rate hike by December, while the Federal Reserve's upcoming policy meeting is expected to hold rates steady.

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Economic · Economic

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US stocks: US market ends up on Iran war peace deal hopes, SpaceX's historic debut

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U. S. stocks climbed Friday, buoyed by hopes of a U. S. -Iran peace deal and the historic debut of SpaceX, which surged past its IPO price. Progress in peace talks eased inflation and interest rate concerns, while SpaceX's strong opening captivated investors despite its recent losses. Other space stocks saw a slight pullback.

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Economic · Economic

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Elon Musk is now the world’s first trillionaire – what could he buy with all that money?

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Catapulted by the market debut of his rocket company SpaceX, Elon Musk is now the world’s first trillionaire. That level of wealth, all owned by just one person, was once unfathomable. Before Friday, the trillion dollar mark was reserved for measures like the GDP (or staggering debt) of a handful of major economies – and, in the last decade alone, the value of some of the biggest companies to ever trade on the stock market. Musk’s new title arrives amid a wider acceleration for the richest of...

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Economic · Economic

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Czech Rate Hike in June a ‘Real Possibility,’ Governor Says

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Czech central bank Governor Ales Michl said he sees a stronger argument to raise interest rates in June to contain inflationary pressures. While the global cost pressures from the energy shock may abate, the Czech economy is also facing domestic risks that may require a tightening of monetary conditions, Michl told Bloomberg News in an interview a week before the rate meeting. “I think a June move now a real possibility" Michl said. “The case for a rate hike has strengthened. ” (Source: Bloomberg)

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Economic · Economic

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Central Banks Face Growing Pressures: Markets Snapshot

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Central banks are staring down a pivotal moment for global monetary policy as they grapple with a growing list of risks. Incoming Fed Chair, Kevin Warsh will need to find a way to navigate the central bank’s policy path amidst a combination of higher energy prices and a surprisingly strong US jobs report. Meanwhile in Europe, the ECB and BOE face the prospect of secondary effects due to the war in Iran and a sluggish growth outlook. The Opening Trade spoke to key voices around the challenges facing central banks and the judgment behind the decisions. (Source: Bloomberg)

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Economic · Economic

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Asian investors look for novel ways to join SpaceX’s US IPO excitement

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Investors across Asia have been largely shut out of the world’s largest-ever initial public offering, which has forced them to find creative ways to make bets on SpaceX’s US$75 billion global spectacle. With no direct access to the IPO, traders from Seoul to Shanghai are piling into companies along the space supply chain, industry-themed exchange-traded funds (ETF) and Nasdaq 100 Index-tracking funds in hopes of eventually capturing some of the gains that many expect once SpaceX shares hit the...

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Economic · Economic

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ECB Hike 'Just Enough For Now,' Says Slovenian Central Bank Governor

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The European Central Bank has hiked interest rates for the first time since September 2023 — becoming the first major central bank to react to the war in Iran. ECB Governing Council Member and Slovenia Central Bank Governor Primož Dolenc says the move is “just enough for now. ” Dolenc spoke to Bloomberg's Oliver Crook in an exclusive interview just after the decision on Thursday. (Source: Bloomberg)

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Economic · Economic

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China’s ports are by far the most efficient in the world: World Bank study

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China’s ports continued to dominate global efficiency rankings in 2025, with seven Chinese trade hubs placing in the top 10, according to a study by the World Bank and S&P Global released on Wednesday. The latest edition of the annual report comes at a time when ports are playing a more vital role in the global economy than ever, as facilities strive to handle intense disruptions to global supply chains amid the aftermath of the Red Sea crisis and the ongoing fallout from the US-Israel war on...

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Economic · Economic

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US stocks: Dow soars 900 pts, Nasdaq over 2% as Trump says Iran deal likely soon

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Wall Street surged Thursday as President Trump called off Iran strikes, easing oil prices and boosting stocks. Investors anticipate SpaceX's record-breaking IPO today, with shares set to debut Friday. Despite inflation concerns from producer price data, the market showed resilience, with major indexes posting significant gains. The Fed is expected to maintain current interest rates.

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