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Bloomberg Surveillance 8/28/2025

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Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)



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Funding & Business

Crypto Finds Gateway Into Australia’s $2.8 Trillion Pensions Pot

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Australia’s A$4.3 trillion ($2.8 trillion) retirement system — long regarded as one of the world’s best-regulated savings pools — is emerging as a new frontier for crypto.

Coinbase Global Inc. and OKX, two of the largest digital-asset exchanges, are rolling out products aimed at steering pension money into cryptocurrencies, underscoring how digital assets are edging further into mainstream finance.



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Czechs Plan $14 Billion Deficit With Bigger Spending on Defense

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The Czech government is proposing to increase the state budget deficit next year as the fiscally-conservative administration plans to boost spending on defense and a major energy project.

The budget draft has a shortfall of 286 billion koruna ($13.7 billion), about 19% more than the limit approved for this year, the Finance Ministry in Prague said on Sunday. The first deficit increase after four years of austerity policies is a result of additional expenditure of 49 billion koruna on defense and preparations for the construction of two nuclear reactors.



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TPC Says Power Loss at Houston Plant Triggered Flares

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TPC Group says a loss of power at a Houston-area plant has caused flaring and has the potential for black smoke, according to a post sent via a regional emergency alert system.



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