Nangle Zheng, Strategic Investment Director at LeadShine Technology, says China has shortened the development cycle for humanoid robots from years to just months. He speaks to David Ingles and Yvonne Man on "Bloomberg: The China Show."
Garth Jones, CFO of AIA Group, discusses the Hong Kong-listed insurer's 13% growth in value of new business in the first half of the year. He says the fundamental demand for business remains in China, but the company is also looking to continue to invest in ASEAN region, as it is a core growth engine. He speaks exclusively with Paul Allen on "Bloomberg: The Asia Trade".
Lawrie Conway, Managing Director and CEO of Evolution Mining, discusses the miner's full-year profit that saw a 59% growth year on year. He also discusses the company's dividend payout plans and potential acquisitions. He speaks with Paul Allen on "Bloomberg: The Asia Trade".
Standard Chartered and HSBC completed the first live cross-border transaction on Swift’s blockchain ledger.
Greg Peters, Co-CIO of Public and Private Fixed Income at PGIM, discussed the Treasury's recent decision to boost debt buybacks for 10-year to 30-year securities. The cap on buybacks has been doubled from $2 billion to $4 billion, reflecting an aggressive move to manage the debt portfolio. He speaks with Romaine Bostick & Isabelle Lee on "The Close."
SoftBank has made a $200 million investment in Gravis Robotics, a construction technology startup specializing in retrofitting existing excavators and heavy machinery with autonomous and semi-autonomous capabilities. Ryan Luke Johns, CEO and Co-Founder of Gravis Robotics, explained that the funding reflects SoftBank's strong confidence in the physical AI space, particularly in automating earth-moving equipment critical to infrastructure projects such as roads, quarries, and mines. He speaks with Romaine Bostick on "The Close."
Eric Glyman, Ramp Co-Founder and Co-CEO, discussed the rapid growth in AI-related expenditures, noting that companies have increased their AI spending by nearly 21 times over the past year. This unprecedented surge is driven by both the significant returns AI can deliver and concerns among businesses about inefficient or excessive spending by employees. He speaks with Romaine Bostick & Isabelle Lee on "The Close."
Bloomberg's Randall Williams joins Dani Burger on "Bloomberg Deals." Billionaire CEO of Guggenheim, Mark Walter, has explored selling his stake in Chelsea FC to Clearlake Capital, the majority owner of the London-based football club. This comes just after Walter's record-breaking sale of the Los Angeles Lakers to Josh Kushner and Bob Iger for a price of $12.5 billion.
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Isabelle Lee, Carol Massar and Emily Graffeo.
A.J. Rohde, senior partner at Thoma Bravo, joins Dani Burger on "Bloomberg Deals." They discuss how Thoma Bravo has kept up an intense pace of dealmaking closing three deals in six weeks. The most recent example is Thoma Bravo's more than $4 billion take-private of Accelerant, the insurance risk exchange, earlier this month. (Corrects spelling of Rohde)
Desiree Carlo, senior vice president, client services at Laurel Hill, Christian Nagler, partner, capital markets at Kirkland & Ellis, and Betsy Cohen, chairman and co-founder at Cohen Circle, join Dani Burger on "Bloomberg Deals." They discuss the uptick in the number of SPAC deals.
President Donald Trump says when the country does well economically, interest rates should come down, but he says they go up. He says the system is unfair. He speaks at the White House.
