Dubai-based Majid Al Futtaim, which owns shopping malls, residential communities and retail businesses, reported record first-half EBITDA of 2.5 billion dirhams ($681 million). CEO Ahmed Galal Ismail told Bloomberg's Abeer Abu Omar that the conglomerate is navigating a "challenging operating environment," particularly in hospitality and non-food retail.
Anna Edwards, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."
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.
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.
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.
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.
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.
State Street Corporation (NYSE:STT) has named its Australia country head, Tim Helyar, as the new head of Asia Pacific.
MangoBoost CEO Jangwoo Kim discusses his company's data solutions and fundraising plans. He speaks exclusively on the sidelines of the KBFG Korea Conference in Seoul.
Chris Wood, Global Head of Equity Strategy at Jefferies, says he continues to favor the "picks and shovels" trade as long as capital spending holds up. He also says China's domestic market gives it an edge in the AI cycle. He speaks on the sidelines of the KBFG Korea Conference in Seoul.
