Finance

Original title: Pakistan Inflation Cools Though Floods Risk Stoking Prices Pakistan’s inflation unexpectedly eased last month, though torrential monsoon rains risk disrupting supply chains and boosting prices. Consumer price index rose 3% in August from a year ago, according to data released by Pakistan Bureau of Statistics on Monday. That’s lower than the median estimate for a 4% in the Bloomberg survey . Inflation accelerated to 4.1% in July. Original article ...

Original title: South Africa Agribusiness Mood Falls on Animal Disease, Tariffs A gauge measuring sentiment among South African agricultural businesses declined for a second straight quarter as the industry grapples with a foot-and-mouth disease outbreak and the new tariff regime in the US. The confidence index compiled by the Agricultural Business Chamber, known as Agbiz, and the Industrial Development Corp. fell to 63 points in the third quarter, from 65 in the prior three months. ...

Original title: Indonesia’s Finance Chief Vows Better Policies After Home Looted Indonesian Finance Minister Sri Mulyani Indrawati pledged to improve the government’s policies after protesters looted her house over the weekend, a signal of reassurance for investors that she’ll continue to manage the economy. In a pair of posts on her personal Instagram account on Monday, Indrawati thanked people for their sympathy and support “in facing this misfortune.” Original article ...

Original title: A €2 Trillion Dutch Pension Headache Is Coming for European Bonds There’s a near €2 trillion ($2.3 trillion) upheaval coming for European bond markets to cap a 2025 already marked by tariff twists and turns, deficit worries and now a political crisis in France. The storm is centered on a long-planned reform of the Dutch pension system, the European Union’s biggest. It’s already pushing up yields on longer-dated bonds and traders are positioning for volatility in the euro swaps market, which the funds use for hedging. Things could become more extreme at the turn of the year, when a large tranche of funds are set to transition, due to lower liquidity at that time. ...

Original title: Russia’s Energy Partners Are Moving a Bit Closer Welcome to our guide to the commodities markets powering the global economy. Today, senior reporter Dan Murtaugh writes on the energy triangle between China, India and Russia as their leaders meet in Tianjin. The Shanghai Cooperation Organization’s get-together could hardly have come at a better moment for China’s leader. At a time when the US is amping up its aggressive rhetoric, Xi Jinping and his Russian and Indian counterparts have been in the port city of Tianjin declaring friendship and “privileged partnership.” ...

Original title: Xi, Modi Vow to Rebuild Ties During US Trade War, French Political Crisis | The Pulse 9/01/2025 00:00 > > NEWSMAKERS AND MARKET MOVERS. THIS IS “THE PULSE WITH FRANCINE LACQUA.” ANNA: GOOD MORNING. I’M ANNA EDWARDS, IN FOR FRANCINE LACQUA. LET’S GET TO THE TOP GEOPOLITICAL STORY. CHINESE PRESIDENT XI JINPING SAYS THAT SHANGHAI COOPERATION ORGANISATION IS TAKING ON GREATER RESPONSE ABILITY IN DRIVING DEVELOPMENT AS GLOBAL UNCERTAINTY CONTINUES TO ARISE. XI MADE THE REMARKS AS HE WELCOMED INTERNATIONAL LEADERS, INCLUDING INDIA’S MODI AND RUSSIA’S VLADIMIR PUTIN. > > WE SHALL SEEK COMMON GROUND WHILE PUTTING ASIDE DIFFERENCES. SHARED ASPIRATIONS ARE THE SOURCE OF STRENGTH AND ADVANTAGE, AND THE WILL TO SEEK COMMONALITY REFLECTS WISDOM AND VISION. ANNA: MINMIN LOW IS AT THE MEETING AND JOINS US NOW. I WANT TO ASK WHAT’S HAPPENING TODAY. I THINK A LOT OF THE DAY IS ALREADY PAST WHERE YOU ARE SO WE HAVE SEEN MEETINGS OVER THE WEEKEND TAKING PLACE BETWEEN CHINA AND INDIA AND THEN TODAY, THE BIG HEADLINE MEETING BETWEEN INDIA AND RUSSIA. WHAT HAVE WE LEARNED SO FAR? MINMIN: YES, THE KEY ...

Original title: How to Prevent AI From Causing an Economic Catastrophe Subscribe to Merryn Talks Money on Apple Podcasts Subscribe to Merryn Talks Money on Spotify In this episode of Merryn Talks Money, host Merryn Somerset Webb is joined by Bloomberg senior reporter John Stepek, author Dominic Frisby and Interactive Investor Chief Executive Officer Richard Wilson for a roundtable discussion at the Edinburgh Festival Fringe. The conversation takes place at Panmure House, the last home of economist and philosopher Adam Smith. ...

Original title: Emerging Equities Gain First Time in Five Days on Alibaba Surge Emerging-market equities headed for the first gain in five days, led by advances in artificial intelligence-related stocks in Hong Kong and China. The MSCI EM Index rose 0.7% as Alibaba Group Holding Ltd. jumped 19% in Hong Kong — the most in three years — after the company reported a surge in revenue from AI. That’s in contrast to the broader Asian market where equities came under pressure after a tech selloff hit Wall Street. ...

Original title: Gold and Silver Jump as Rate-Cut Bets Reignite Bull Run Silver surged above $40 an ounce for the first time since 2011 and gold rose closer to an all-time high as the prospect of Federal Reserve rate cuts gave fresh impetus to the multi-year bull run in precious metal markets. Spot silver rose as much as 2.6% to $40.7599 an ounce — taking gains this year to about 40% — while gold jumped as much as 1.2% to trade just below its April record above $3,500 an ounce. Both metals have more than doubled over the past three years, propelled by mounting risks in the spheres of geopolitics, business, and global trade. ...

Original title: Ola Electric Shares Stage Rebound After $5 Billion Wipeout Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here. Original article