Apollo Asset Management co-President Scott Kleinman discusses the US economy, the rising cost of capital and why he sees valuation issues for legacy portfolio companies impacting returns. He speaks with Bloomberg's Guy Johnson from the sidelines of the IPEM conference in Paris.
Iran has eased foreign-exchange controls, allowing businesses to use cryptocurrency for cross-border export payments.
Tikehau Capital co-founder Antoine Flamarion says there are now "less transactions" in the private equity sphere. He adds that secondary markets are "a massive trend." He speaks with Bloomberg's Guy Johnson from the sidelines of the IPEM Global event in Paris.
Plattsburgh, New York, has proposed a 12-month moratorium on new and expanded high-energy computing facilities using at least 300 kilowatts.
MoonPay has received an Electronic Money Institution licence from De Nederlandsche Bank, allowing it to issue euro-denominated stablecoins.
Meta unveiled a new artificial intelligence agent designed to carry out tasks on a user's behalf. Meta said the tool, called Muse, will assist with online shopping, buying movie tickets and scheduling appointments. Bloomberg Intelligence's Matthew Bloxham breaks down the situation.
Bybit has launched three USDT-settled FX perpetual contracts with up to 100x leverage across major currency pairs.
The US escalated its trade war with Canada following Ottawa's tariff retaliation. Washington moved to block imports of some products while placing new tariffs on others, as well as seeking to bar Canadian companies from selling to government contractors. Bloomberg's Rosalind Mathieson reports.
Moonshot AI has been accused by US agencies of using American AI models to help train its Kimi systems.
Louis-Vincent Gave, CEO of Gavekal, discusses his outlook for investing in global markets. He speaks with Bloomberg's Stephen Engle on the sidelines of KBFG Korea Conference on "Bloomberg: The Asia Trade".
Marc Ganzi, CEO of digital infrastructure investment firm DigitalBridge, discusses his views on the AI supercycle and capex spending trends among global hyperscalers and tech companies. He speaks with Bloomberg's Stephen Engle on the sidelines of KBFG Korea Conference on "Bloomberg: The Asia Trade".
US forces destroyed five Iranian tankers carrying crude oil on Tuesday following two attempts to hit a US Navy warship with ballistic missiles in as many days, Central Command said. Brent oil moved closer to $100 a barrel after the US struck Iranian tankers near the Kharg Island export hub and in the Gulf of Oman. Bloomberg's Onur Ant and Clara Ferreira Marques break down the situation.
