The Trump administration is preparing to unveil its campaign to economically isolate Iran including plans to extend the strategy to countries that continue trading with Tehran such as China. John Sfakianakis, Chief Economist and Head of Research at the Gulf Research Center spoke to Bloomberg's Abeer Abu Omar on Horizons Middle East and Africa on the GCC ties to Iran.
Banca Monte dei Paschi is seeking to buy two separate banks for a combined value of 34 billion ($40 billion) as it seeks to prevent being bought by rival Intesa Sanpaolo. The Italian lender said it's launching an all-share bid for Banco BPM valuing it at 25.3 billion and another one for Banca Generali valuing it 8.7 billion, according to a statement Friday, confirming an earlier Bloomberg News report. Tommaso Ebhardt reports from Milan.
Maryann Tseng, Chief Strategy Officer at Phancy Group, says growing global demand for AI development will help drive the company's growth over the next several years. She speaks exclusively on "The China Show."
Andrew Fung, CFO of Henderson Land, says uncertainty over tax policies and the interest rate outlook could affect sentiment in Hong Kong's property market. He speaks exclusively on "The China Show."
Treasury Secretary Scott Bessent vowed to ramp up pressure on Iran by targeting its economic partners, saying "You are either with us, or against us". But as Bloomberg's Stuart Livingstone-Wallace explains, his realistic options to further isolate Iran's economy may be limited.
As the AI buildout relies more heavily on credit and equity financing, access to capital is emerging as an another more acute pain point for the AI trade. Hyperscalers alongside specialized AI ventures are flooding credit markets with record amounts of new debt to pay for power-hungry data centers, chips, and energy grids. At the same time, governments, led by the US, facing skyrocketing budget deficits, rising defense budgets, and higher term premiums are issuing record volumes of sovereign debt. Traders are now making space in their portfolios for corporate bonds offering far higher yields on AI debt as a wave of potential mega-IPOs from OpenAI and Anthropic approach.
BOC Aviation MD & CEO Steven Townend outlines how his company is sustaining earnings momentum while carefully positioning against rising funding costs. He highlights the impact of persistently high fuel prices on airline customers and the ripple effects of ongoing supply chain challenges in aircraft deliveries. He speaks with Haslinda Amin on "Insight with Haslinda Amin.
Ten Cap co-founder and Lead Portfolio Manager Jun Bei Liu breaks down the difficulty of intervening in the bond market at a time when AI firms are pouring massive capital into capital expenditure.
Known as India's 'Queen of Biotech', Kiran Mazumdar-Shaw built Biocon from a rented garage almost 50 years ago. Today, her multibillion-dollar company is one of the world's biggest producers of insulin, and a leading force in biosimilars. As she looks at handing over her life's work to successors, Mazumdar-Shaw talks to Bloomberg's Haslinda Amin about her pioneering journey as a female entrepreneur in India, her mission to deliver life-saving therapies to patients and what she believes India must do to tackle an AI future.
Known as India's 'Queen of Biotech', Kiran Mazumdar-Shaw built Biocon from a rented garage almost 50 years ago. Today, her multibillion-dollar company is one of the world's biggest producers of insulin, and a leading force in biosimilars. As she looks at handing over her life's work to successors, Mazumdar-Shaw talks to Bloomberg's Haslinda Amin about her pioneering journey as a female entrepreneur in India, her mission to deliver life-saving therapies to patients and what she believes India must do to tackle an AI future.
Alibaba Group Holding Ltd.'s profit plunged more than 75% after the company increased quarterly capital spending to almost $10 billion to safeguard its position in the global AI arena. Bloomberg's Minmin Low reports.
The curated online marketplace Maisonette is expanding it to what it describes as an untapped market by launching a new platform targeted to tweens and teens. President AJ Nicholas saying the company is looking to tap into the demographic of kids that "start to exert some independence and autonomy and really have a say over their style." As Maisonette has been around for 9 years, Nicholas says its important that the company grows organically as its customers' families grow up as well, allowing them to expand further into the more than $225 Billion industry.
