The Bank of Japan has kept its key rate steady amid heightened uncertainty stemming from US tariffs. Also on the show: Chinese state media reports say Washington has reached out to Beijing to initiate talks on tariffs; the Wall Street Journal says Tesla’s board has contacted executive search firms to begin the formal hunt for a successor to Elon Musk; US and Ukraine have reached a deal over access to the country’s natural resources; Israel is turning to markets in the Arabian Peninsula and India to boost trade; oil is holding onto April’s losses, after slumping the most in a month since 2021; BRICS foreign ministers failed to sign a consensus statement at the end of a two-day meeting in Rio de Janeiro; Turkey’s central bank is monitoring domestic demand and will take steps if it hurts the disinflationary process. Guests include: Paul Mackel, HSBC, Global Head of FX Research; Ronit Ghose, Citi Institute, Global Head of Future of Finance.
Horizons Middle East & Africa is your daily spotlight on one of the world’s fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg.
Chapters:
00:00:00 – Introduction
00:04:30 – BOJ keeps overnight call rate at 0.50%
00:08:15 – CCTV: US reached out to China to initiate tariff talks
00:15:54 – US and Ukraine sign resources deal
00:19:40 – Israel looking to expand trade exports
00:27:51 – Oil holds April’s slump
00:29:47 – Ronit Ghose, Citi Institute, Global Head of Future of Finance
00:37:21 – BRICS rift emerges in Rio meeting
00:40:50 – Turkey’s central bank monitoring domestic demand
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