Bloomberg News and Videos — Page 179

Adnoc Distribution is has agreed to buy Shell fuel stations across South Africa in a deal valued at $1 billion. CEO Bader Saeed Al Lamki explained the rationale behind the move to Bloomberg's Abeer Abu Omar on Horizons Middle East and Africa.

UK Business Secretary Peter Kyle said the governing Labour Party's industrial strategy will survive a change of leadership, arguing Keir Starmer's likely successor, Andy Burnham, was "already committed" to the policy. Kyle made the comments Monday in an interview to Bloomberg's Lizzy Burden.

Asian equities fell as renewed selling in technology stocks, including Samsung Electronics Co. and SK Hynix Inc., deepened concerns that the AI-driven rally may have run ahead of itself. Futures for the tech-heavy Nasdaq 100 Index retreated 1.1%, suggesting Monday's rebound on Wall Street was losing momentum. European shares were also set for losses. Bloomberg's Avril Hong and Mark Cranfield report.

Australia is emerging as a leading destination for AI data centers, but the window to secure that advantage may be closing. Deloitte Access Economics says the country faces a "sliding doors moment" to become Asia-Pacific's AI infrastructure hub. John O'Mahony discusses what's at stake on 'Bloomberg: The Asia Trade.'

A laden liquefied natural gas carrier was hit by a projectile near the Omani coast as it exited the Strait of Hormuz, heightening unease among shipowners and testing a US-Iran agreement intended to halt attacks in the waterway. Bloomberg's Stuart Livingstone-Wallace breaks down the situation.

Samsung Electronics Co.'s quarterly profit surged 19-fold but failed to impress investors used to eye-catching growth from the suppliers of AI chips. Bloomberg's Haslinda Amin speaks with Constellation Research's Day Wang to understand what investors are thinking.

Team USA's run in the World Cup came to an end on Monday as it failed to make the quarterfinals, while outrage over FIFA's decision to allow striker Folarin Balogun to play continued to simmer. Bloomberg's Balazs Penz breaks down the latest developments.

Erik Hirsch, Co-CEO at Hamilton Lane, discussed the firm's recent $3.8 billion fundraise aimed at co-investing alongside private equity in mid-market companies. Hirsch emphasized the focus on smaller and mid-sized firms that are typically too small to pursue public offerings, highlighting that significant returns in private markets often come from these less visible segments. He speaks with Romaine Bostick & Katie Greifeld on "The Close."

Robinhood CEO Vlad Tenev says Trump Accounts are a "no-brainer" for new parents and also good for anyone under the age of 18. Speaking on "Bloomberg The Close," Tenev also comments on the future of perpetual futures.

Shares of business development companies (BDCs) have experienced significant pressure in the first half of the year, with Bloomberg Intelligence data showing a median return decline of about 7%, marking the weakest performance since 2022. Randy Schummer, Vice Chair and Chief Investment Strategist at Churchill Asset Management, addressed these concerns on the program, emphasizing that not all BDCs should be viewed the same way. He speaks with Romaine Bostick & Katie Greifeld on "The Close."