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Bloomberg

Iran War Risk Still Important in Background, Says Torsten Slok

Torsten Slok, chief economist at Apollo, said that while AI and the Fed may be issues more at the forefront of the economic conversation, risk from the Iran war and its subsequent impact on fuel stores remains an important factor in the background. Slok also commented the possibility that the Fed may have fewer meetings, saying that market will still try to price the Fed regardless of the schedule.

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Bloomberg

Active ETF, Model Portfolio Growth to Persist: Framsted

Holly Framsted, head of global product strategy and development at Capital Group, joins Scarlet Fu and Eric Balchunas on "Bloomberg ETF IQ." They discussed ETF and mutual funds flows as well as allocation shifts within model portfolios.

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Active ETF, Model Portfolio Growth to Persist: Framsted
Bloomberg

'Concentration of Power' One of Biggest Risks in AI, Says Hugging Face CEO

Clement Delangue, CEO of AI company Hugging Face, sat down with Bloomberg's Ed Ludlow to discuss OpenAI models' hack on Hugging Face last month and the future of AI regulation. Talking about the hack, Delangue, said that while companies want AI agents to think outside the box, they don't want AI to 'think outside the sandbox' and stay in the closed testing environment. Delangue also discussed government involvement in AI regulation and said that there is a risk that too much government intervention would result in a 'concentration of power' and said that is one of the biggest risks in the AI space.

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'Concentration of Power' One of Biggest Risks in AI, Says Hugging Face CEO
Bloomberg

Corgi On Pace to Launch 500 ETFs In First Year

Bloomberg's Isabelle Lee joins Scarlet Fu and Eric Balchunas on "Bloomberg ETF IQ." Corgi is on pace to launch roughly 500 ETFs within its first year, more than BlackRock accumulated over many years. It already ranks among the largest US issuers by product count and says its eventual goal is 1,000 funds spanning leveraged stocks, buffered strategies, semiconductors and narrowly targeted themes.

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Corgi On Pace to Launch 500 ETFs In First Year

Insights

Grafa

How HSBC Australia is quietly ditching everyday retail borrowers

  • HSBC Holdings (NYSE:HSBC) agreed to divest its $36 billion Australian home and personal loan portfolio to Blackstone Inc. (NYSE:BX) as part of a broader strategy to simplify operations.
  • The transaction carries an immaterial loss of under $100 million for HSBC, while major domestic competitors continue managing multi-billion-dollar residential lending portfolios.
  • Traditional banks are scaling back complex consumer portfolios to optimise capital reserves, leaving specialised non-bank institutions to expand market share through third-party servicing arrangements.
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Grafa

Residential construction approvals spark urban density versus suburban expansion debate

  • The Australian Bureau of Statistics reported a 7.2% rise in total dwelling approvals to 18,328 in June, driven by a 17.8% jump in multi-unit approvals.
  • Annual residential approvals reached 205,249 dwellings for the 2025-26 financial year, reflecting a 9.2% increase compared to the previous period.
  • Sector analysts observe that while apartment pipelines expand, non-residential construction values dropped 24.7% to $8.26 billion, creating mixed pressures for large developers.
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Residential construction approvals spark urban density versus suburban expansion debate
Grafa

Why an Aussie centralised policy fast-tracking triggers a local data hub pivot

  • The federal government created a centralised Office of AI within the Department of the Prime Minister and Cabinet to manage national artificial intelligence policies and fast-track approvals.
  • The structural alignment follows a record $6 billion in March quarter tech equipment.
  • Market operators face key structural headwinds, including data centre grid integration, domestic copyright protections, and community infrastructure pushback.
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Why an Aussie centralised policy fast-tracking triggers a local data hub pivot
Grafa

Unions pressure Pilbara mining giants as bulk export operations face disruption

  • Around 200 workers at the Port Hedland export facility have voted to conduct an eight-hour strike following stalled enterprise agreement negotiations over pay parity and career progression.
  • The Port Hedland hub handles approximately $150 million in daily iron ore shipments, with the shift disruption potentially risking up to $50 million in company revenue.
  • Broadened Australian collective bargaining regulations are increasing labour cost pressures across iron ore producers struggling with softening global demand.
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Unions pressure Pilbara mining giants as bulk export operations face disruption

Economy

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