Daily Dispatches

By Ruth Carson, Masaki Kondo, Rebecca Choong Wilkins, and Diana Li
Bloomberg News
Tuesday, May 27, 2025

For decades, Asia's export powerhouses had a simple financial strategy: Sell goods to the United States, then invest the proceeds in American assets.

That model is now facing its biggest threat since the 2008 global financial crisis as Donald Trump tries to remake global trade and the U.S. economy -- upending the logic behind $7.5 trillion of investments from Asia. Some of the biggest money managers say an unwind is just getting started.

By Francesco Canepa, Jan Strupczewski, and Giuseppe Fonte
Reuters
Thursday, May 22, 2025

FRANKFURT, Germany -- The European Union is set to delay new, global rules governing banks' trading again as it waits for more clarity about the U.S. administration's plans to deregulate its financial sector, sources told Reuters.

The Fundamental Review of the Trading Book is a key part the Basel III package devised in the wake of the global financial crisis but not yet implemented by Britain or the United States, two key financial centers.

Trump Media to Raise $2.5 Billion in Capital to Buy Bitcoin

By Monique Mulima
Bloomberg News
Tuesday, May 27, 2025

Trump Media & Technology Group Corp., the company behind Truth Social, said it plans to sell around $1.5 billion in stock and $1 billion in 0% convertible notes to buy Bitcoin for its treasury.

The company’s shares fell 9.2% at $23.38 in early trading after rallying premarket following a Financial Times report on its plans to raise capital to spend on cryptocurrencies.

... Dispatch continues below ...

But she talks as if she has never heard of gold.

* * *

From Al Jazeera, Doha, Qatar
Monday, May 26, 2025

The euro could become a viable alternative to the U.S. dollar as the global standard currency for international trade, according to European Central Bank President Christine Lagarde.