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SoftBank Profit Beats Expectations

SoftBank Group Corp. reported a smaller-than-expected decline in quarterly net income, helped by a rally in its chip-stock holdings. OpenAI's Japanese backer is in the spotlight alongside concerns about climbing debt levels that AI service providers are taking on to spend on data centers and other infrastructure. Bloomberg's Neil Campling reports.

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Bloomberg
Financial

Siemens Is Winning Customers in China, CEO Says

Siemens Chief Executive Officer Roland Busch says the company is "very competitive" in China, where the automation business is doing "very well." He also comments on the data center business. Busch speaks on Bloomberg Television after Siemens raised its earnings expectations for a second time this year due to a surge in data center spending and higher returns from selling software to industry.

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Bloomberg
Financial

Cybersecurity firm Aura CEO on 2Q26 Results

Hari Ravinchandran, Founder and CEO of cyber-security platform Aura, discusses his outlook for the company's growth at it reported a 27-percent year-on-year increase in pro forma revenue. He says the firm is on track to generate positive free cash flow this year, following its acquisition of tech firm Qoria and its listing on the Australian Securities Exchange. He speaks with Haidi Stroud-Watts on "Bloomberg: The Asia Trade".

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Bloomberg
Financial

BNY's Portney on Global Digital Transfer Agency Launch

BNY has announced a new partnership with Galaxy Digital aimed at enhancing its digital asset infrastructure, reflecting the bank's ongoing commitment to expanding its presence in the digital asset space. Emily Portney, BNY's Global Head of Asset Servicing Business, explained that this partnership enables BNY to offer staking services for digital assets held in custody. She speaks with Romaine Bostick on "The Close."

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