The joint US-Japanese intervention has shifted market focus to whether the Yen can strengthen beyond 155 per dollar, a threshold seen as a key test for the rally's staying power. Mathieu Savary, Chief Strategist & Head of FICC at BCA Research spoke to Bloomberg's Abeer Abu Omar on Horizons Middle East & Africa on the FX action.
BP Chief Executive Officer Meg O'Neill discusses the company's decision to put its North Sea business up for sale. "We've had plenty of companies come knocking at our door, expressing interest in buying the asset," O'Neill tells Bloomberg Television.
BP Chief Executive Officer Meg O'Neill discusses the company's second-quarter results and says she is "really pleased with the strength of the underlying business." Speaking on Bloomberg Television, she adds the UK energy giant has more work to do on the portfolio. "We need to sharpen our capital discipline and make sure every dollar that we're spending is making an impact on the bottom line," O'Neill says.
HSBC Chief Executive Officer Georges Elhedery speaks to Bloomberg's Francine Lacqua about the bank's announcement of a fresh stock buyback as it reports second-quarter earnings that beat estimates, despite China's crackdown on cross-border wealth flows.
Morocco's government said factors such as misinformation and human trafficking lured tens of thousands of migrants into illegally crossing into the Spanish-governed northern African enclave of Ceuta last week. Meanwhile, Spain's foreign minister said nearly everyone who illegally crossed into Ceuta has left as it tries to assure its European Union neighbors that it is swiftly returning the roughly 50,000 undocumented migrants. Bloomberg's Jennifer Zabasajja reports.
President Donald Trump said his latest offer of talks is a "last chance" for Iran after he called off what he said was a major attack on the Islamic Republic. Bloomberg's Stuart Livingstone-Wallace breaks down the latest developments.
Australia's housing downturn is accelerating, with higher interest rates and weaker investor demand driving the biggest home price declines since late 2022. REA Group Senior Economist Anne Flaherty says further falls are likely through year-end, especially in higher-priced suburbs. She discussed the outlook for Australia's housing market on "Bloomberg: The Asia Trade".
Shusuke Yamada, Chief Japan FX and Rates Strategist at BofA Global Research, discusses whether the yen can strengthen beyond 155 per dollar, a threshold strategists view as the key test for the rally's staying power. He speaks with Shery Ahn on Bloomberg: The Asia Trade.
Credit Corp Group (ASX:CCP) increased its net profit after tax by 12% to $105.5 million.
Bloomberg Opinion Columnist Aaron Brown discusses his latest piece on the collapse of AI Hedge Fund Situational Awareness. He argues "The easy story is another tech wunderkind flying too close to the sun. The more useful one is that the 439% return was a warning, not a triumph."
A $506 million bet on thousands of New York rent-stabilized apartments has already soured for bond investors, and Mayor Zohran Mamdani's rent freeze is threatening to make it worse. Ran Eliasaf, Founder & Managing Partner of Northwind Group, discusses the needs in the NYC housing market and the possible impact of the city's recent moves to make it more affordable and levy new taxes.
Chris Maurice, CEO of Yellow Card, explained how his company differentiates itself from competitors like Stripe and Wise by building the underlying infrastructure that enables international money movement using stablecoins such as USDC. Yellow Card provides direct liquidity and on/off ramps against local currencies across regions including Africa, Latin America, and Asia, allowing stablecoins to be sent and converted locally without the need to convert back to dollars first. He speaks with Romaine Bostick on "The Close."
