Citi Widens Private Credit Net Beyond Apollo Deal With New Role
The bank is hiring Aashish Dhakad from Ares Management Corp. to become head of private credit origination for North America, a new role focused on sourcing deals from corporate and commercial banking clients for private credit investors, it said Monday in a memo seen by Bloomberg News.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
10 minutes ago
- Yahoo
Trump hopes China will quickly quadruple its US soybean orders
By Ella Cao, Lewis Jackson and Chandni Shah (Reuters) -U.S. President Donald Trump said on Sunday that he hoped China would quadruple its soybean orders from the U.S, adding that it was also "a way of substantially reducing" Beijing's trade deficit with Washington. "China is worried about its shortage of soybeans. Our great farmers produce the most robust soybeans. I hope China will quickly quadruple its soybean orders. This is also a way of substantially reducing China's Trade Deficit with the USA. Rapid service will be provided. Thank you President XI," Trump said on Truth Social. A tariff truce between Beijing and Washington is set to expire on August 12, but the Trump administration has hinted that the deadline may be extended. China, which takes more than 60% of soybeans shipped worldwide, buys the oilseed mainly from Brazil and the United States. The most active soybean contract on the Chicago Board of Trade (CBOT) was up 2.13% at $10.08 a bushel at 0446 GMT, having been little changed before Trump's post. China imported roughly 105 million metric tons of soybeans last year, just under a quarter coming from the U.S. and the remainder from Brazil. Quadrupling shipments would require China to import the bulk of its soybeans from the U.S. "It's highly unlikely that China would ever buy four times its usual volume of soybeans from the U.S.," Johnny Xiang, founder of Beijing-based AgRadar Consulting, said. It is unclear if securing China's agreement to buy more U.S. soybeans is a condition for extending the trade truce. China's Ministry of Commerce did not immediately respond to a Reuters request for comment. The country has steadily reduced its reliance on U.S. soybeans in recent years, shifting more purchases to South America. Under the Phase One trade deal signed during Trump's first term, China agreed to boost purchases of U.S. agricultural products, including soybeans. However, Beijing ultimately fell far short of meeting those targets. This year, amid Washington–Beijing trade tensions, it has yet to buy any fourth quarter U.S. beans, fuelling concerns as the U.S. harvest export season approaches. "On Beijing's side, there have been quite a few signals that China is prepared to forego U.S. soybeans altogether this year, including booking those test cargoes of soymeal from Argentina," said Even Rogers Pay, an agricultural analyst at Trivium China. Reuters previously reported that Chinese feedmakers have purchased three Argentine soymeal cargoes as they aim to secure cheaper South American supplies amid concerns about a possible soybean supply disruption in the fourth quarter. U.S. soybean industry has been seeking alternative buyers, but no other country matches China's scale. Last year, China imported 22.13 million tons of soybeans from the U.S., and 74.65 million tons from Brazil. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10 minutes ago
- Yahoo
美國政府「1 蚊」就能用 ChatGPT Enterprise服務
OpenAI CEO Sam Altman speaks during the Federal Reserve's Integrated Review of the Capital Framework for Large Banks Conference in Washington, D.C., U.S., July 22, 2025. REUTERS/Ken Cedeno 在 Elon Musk 為特朗普政府大刀闊斧地減省開支之後，接著簽下的合約也有保持 DOGE 的精神。OpenAI 近日宣布，與美國聯邦政府達成破格協議，未來一年內將以每個機構僅收取 1 美元的象徵性價錢，向參與的聯邦機構提供 ChatGPT Enterprise 服務，此舉明顯有意壓低 Anthropic 及 Google 等競爭對手的進軍門檻。 新協議是美國總務管理局（GSA）將 OpenAI、Google 和 Anthropic 列為獲批 AI 供應商後翌日落實，三者產品現可透過政府預審合約平台（Multiple Award Schedule, MAS）供各聯邦機構選用，省卻逐一協商的程序，意味美國公營機構採用生成式 AI 將變得更簡易與低成本。 廣告 廣告 除了 ChatGPT Enterprise 服務外，OpenAI 還額外為美國政府客戶提供 60 日無限次使用進階模型，並設立專屬政府用戶社群和入門培訓資源。數據安全方面，GSA 強調政府採「安全優先」策略，OpenAI 需確保敏感資料獲高度保護，但就沒有透露 OpenAI 有否為美國政府提供額外數據保護，如專屬雲端伺服器或本地部置等安排。 據報這項超低價策略緊貼特朗普政府近日頒布的新 AI 行動計劃及行政命令，後者要求政府採購 AI 時必須確保「意識形態中立」，並禁止「覺醒 AI」（即推動某些議題取態的 AI）參與合約。 更多內容： OpenAI is practically giving ChatGPT to the government for free 廣告 廣告 Providing ChatGPT to the entire U.S. federal workforce GSA Announces New Partnership with OpenAI, Delivering Deep Discount to ChatGPT Gov-Wide Through MAS 緊貼最新科技資訊、網購優惠，追隨 Yahoo Tech 各大社交平台！ 🎉📱 Tech Facebook： 廣告 廣告 🎉📱 Tech Instagram： 🎉📱 Tech WhatsApp 社群： 🎉📱 Tech WhatsApp 頻道： 🎉📱 Tech Telegram 頻道：
Yahoo
15 minutes ago
- Yahoo
Apple notches best week in years; Trump shakes Fed leadership: This Week in markets
After recent declines, triggered by a weaker-than-expected jobs report and a June inflation uptick, Wall Street rebounded with strong gains as earnings momentum remained robust. Palantir Technologies delivered better-than-expected Q2 results, sparking a 20% weekly rally — the best performance in the S&P 500 — that pushed its market capitalization above $500 billion. Apple Inc. announced an additional $100 billion in U.S. manufacturing investments, on top of the $500 billion pledged earlier this year. The move secured an exemption from Trump's tariffs and is expected to boost iPhone sales. Apple shares surged over 10% for the week, marking their strongest performance since 2020. While tech stocks soared, pharmaceuticals struggled. Despite strong quarterly earnings, Eli Lilly & Co. plunged 14% on Thursday — its worst single-day drop since August 2000 — after trial data for its weight-loss pill orforglipron fell short of expectations. On the tariffs front, President Donald Trump doubled duties on Indian imports to 50%, targeting New Delhi's purchase and resale of Russian crude. When will the IRS kick off tax season? IRS walks back its commissioner's dire prediction He also confirmed a 39% tariff on Swiss imports and imposed new duties on 1-kilogram gold bars, a move that could pressure Swiss gold refineries and disrupt the gold futures market. Trump nominated Stephen Miran, current chair of the Council of Economic Advisers, to fill the Federal Reserve Board seat vacated by Adriana Kugler. Miran, whose term runs until January 2026, has argued that tariffs won't fuel inflation, a stance aligned with Trump's push for lower interest rates. Markets see him as a likely ally for the president in future monetary policy decisions. Trump's economic team is also reportedly considering current Fed Gov. Christopher Waller as Chair Jerome Powell's successor when Powell's term ends next year. Waller notably dissented in July's Fed meeting, voting for a rate cut while Powell and most policymakers favored holding rates steady. Benzinga is a financial news and data company headquartered in Detroit. This article originally appeared on Detroit Free Press: Apple notches best week in years; Trump shakes Fed leadership Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
