Anthropic’s IPO filing helps revive the AI trade, with the company reporting strong first-half revenue while flagging major financial, infrastructure and AI-related risks. Meta seeks up to $95 billion to fund AI investment, while Microsoft offers buyouts to around 60,000 employees.
Markets focus on technology earnings and central banks. Korean memory stocks and the Nikkei gain, while the yen weakens ahead of the Bank of Japan. Emirates NBD Chief Economist Nick Stadtmiller tells Horizons he expects the Fed to hold rates in October and sees slower US growth in 2027.
In the Middle East, Saudi, Turkish and Pakistani officials hold talks in Tehran as regional powers push to revive US-Iran diplomacy. Iran signals flexibility over Hormuz, while Egypt backs the defense of Saudi Arabia and the Saudi-led coalition reports intercepting Houthi missiles and drones. Oil prices ease as diplomatic efforts gather pace.
Israelis head to the polls with Iran a key dividing issue between Benjamin Netanyahu and Gadi Eisenkot.
ADNOC Drilling CFO Youssef Salem discusses the impact of the regional conflict, third-quarter earnings and the company’s expansion across the Gulf and Egypt.
Elsewhere, HSBC reports third-quarter earnings, Saudi Aramco approaches a $10 billion loan, DP World discusses a Canadian port project and Apollo explores a stake in Mubadala Capital.
In Africa, Uganda’s shilling hits a record low, Nigeria outlines a new economic framework and authorities monitor 52 people in connection with Ebola. Africa Finance Corporation President and CEO Samaila Zubairu discusses growth in African production and investment.
Chapters:
00:00:00 – Introduction
00:02:14 – Anthropic Files for IPO; Ticker ANT
00:10:04 – Saudi, Turkish and Pakistani Officials Hold Iran Talks
00:14:43 – Youssef Salem, ADNOC Drilling CFO
00:28:36 – Nick Stadtmiller, Emirates NBD Chief Economist
00:34:49 – Israel Voters Prepare to Go to the Polls
00:40:30 – Uganda Shilling Hits Record Low
00:50:40 – Regional Powers Push to Revive US-Iran Talks
00:54:20 – Megan Sutcliffe, Sibylline Principal Analyst, Middle East & Africa
01:02:00 – Iran Divides Netanyahu and Eisenkot Before Vote
01:06:00 – Anthropic Flags Financial and Existential Risks
01:13:30 – Gareth Nicholson, FAB Asset Management CIO
01:20:05 – Samaila Zubairu, Africa Finance Corporation President & CEO
01:23:54 – Nigeria Floats Draft Economic Framework
01:28:44 – HSBC 3Q Earnings
——–
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