Saudi Central Bank exits mBridge CBDC project
Saudi Central Bank has officially departed the China-backed mBridge cross-border central bank digital currency initiative in Riyadh.
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Saudi Central Bank has officially departed the China-backed mBridge cross-border central bank digital currency initiative in Riyadh.
Vietnam's top leader To Lam tells Bloomberg the nation is "very close" to a trade deal with the US. Vietnam wants to import more US items, Lam says in an exclusive interview on the sidelines of the UN General Assembly.
Vice President JD Vance urged North Carolina voters to give Republicans more time to accomplish their agenda as the GOP is on the defensive in key states ahead of November's midterm election. Vance traveled to the battleground state on Monday in a bid to shore up support for Republican Senate candidate Michael Whatley, who polls show trailing Democratic former Governor Roy Cooper. The contest has morphed into an opportunity for Democrats to flip a crucial seat. Bill Faries, Bloomberg News Senior Editor, joins to discuss the state of voter sentiment with less than 45 days until US midterm elections.
RBC Capital Markets Director of Global ETF Strategy Valerie Grimba joins Scarlet Fu and Eric Balchunas on "Bloomberg ETF IQ." They discuss the proliferation of new fund launches and how ETF issuers compete in an increasingly crowded space.
Oil fell Monday, settling near $100 a barrel, on signs Saudi Arabia is boosting exports via the key Strait of Hormuz and fresh hopes for diplomatic progress in the Iran war. Brent, the global benchmark, declined for a fourth session, settling 3.4% lower. The October West Texas Intermediate contract, which expires on Tuesday, fell about 4.5%. Satellite data showed that Saudi Arabia's observed oil loadings from inside the Persian Gulf jumped over the weekend, with the highest number of ships seen at the nation's main Persian Gulf port since June. The images indicate that the kingdom is successfully redirecting its exports back toward the Gulf following the shutdown of its vital East-West pipeline due to drone attacks. For more, we speak with Humayun Tai, Global Leader of Energy & Materials at McKinsey.
Milwaukee Bucks President Josh Glessing joins Bloomberg's Romaine Bostick for a wide-ranging conversation on the team's new partnership and jersey patch with ULINE, the plan for life without Giannis Antetokounmpo, and the negotiations around a new TV deal.
Just Salad CEO Nick Kenner sat down with Bloomberg's Romaine Bostick to discuss the partnership with Knicks champ Jalen Brunson, how the deal came about and how the company plans to take advantage of the Knicks championship win.
Jerry Rizzieri, Mizuho Securities USA president and CEO, says we're in a healthy environment for dealmaking. He also speaks about where investment opportunities are in Japan on "Bloomberg The Close."
Matt Kaufman, Global Head of ETFs at Calamos Investments joins Scarlet Fu and Eric Balchunas on "Bloomberg ETF IQ." They discuss what autocallables are and the firm's own laddered fund (ticker: CAIE).
Jane Street Group has begun providing swaps to a swelling cohort of leveraged ETFs. Yiqin Shen of Bloomberg News joins Scarlet Fu and Eric Balchunas on "Bloomberg ETF IQ."
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Bailey Lipschultz, Carol Massar and Tim Stenovec.
President Donald Trump suggested he would modify plans for a large triumphal arch in the capital by including staging areas for US military snipers and to launch drones. The idea appears to be Trump's latest attempt to sell the idea of building a towering arch, which has spurred questions about whether it would dwarf Washington, DC's other memorials or pose a risk to air travel. Trump is pushing to build the arch in Memorial Circle, which sits between Arlington National Cemetery and the Lincoln Memorial, and near Ronald Reagan Washington National Airport, raising safety questions, though the Federal Aviation Administration has cleared the project as long as it has safety lighting. Democratic Representative Don Beyer of Virginia speaks with Joe Mathieu and Kailey Leinz on Balance of Power.
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