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Latest news with #RuthCarson

Big Take Asia: The Dollar's Dominance Is Unwinding
Big Take Asia: The Dollar's Dominance Is Unwinding

Bloomberg

time27-05-2025

  • Business
  • Bloomberg

Big Take Asia: The Dollar's Dominance Is Unwinding

As Donald Trump tries to remake global trade, the dollar's historic dominance in Asia is under pressure. After Taiwan's currency saw the biggest surge against the dollar in almost 40 years in early May, some money managers are saying the spike signals the acceleration of a bigger trend of moving investments back home. On today's Big Take Asia Podcast, host Rebecca Choong Wilkins talks to Bloomberg's Ruth Carson about what's driving Asia's shift away from the greenback and what a rewiring of global financial ties means for the region's biggest economies.

Australian Pensions Dive Back Into Local Debt as Trade War Haven
Australian Pensions Dive Back Into Local Debt as Trade War Haven

Bloomberg

time17-02-2025

  • Business
  • Bloomberg

Australian Pensions Dive Back Into Local Debt as Trade War Haven

By and Ruth Carson Save After years of venturing offshore, some of Australia's biggest pension funds are scooping up more government bonds at home — assets they now deem among the safest as trade-war risks rattle markets. Australian Retirement Trust, the nation's second-largest fund by assets, has ratcheted up its Aussie bond allocation in some strategies to nearly the highest level since the global financial crisis almost two decades ago. Rival Colonial First State Investments Ltd. likes Australian fixed income including government bonds for their haven qualities.

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