Apollo Profit Jumps 26% on Fee Growth, Private Credit Strength
Apollo Global Management Inc. reported higher first-quarter profit as the firm raked in more management fees and originated a record $40 billion of private credit, a key area of growth.
Apollo Global Management Inc. reported higher first-quarter profit as the firm raked in more management fees and originated a record $40 billion of private credit, a key area of growth.
Adani Enterprises Ltd.’s shares slipped after it posted a 38% fall in quarterly profit, hurt by a one-time charge to provide for Covid-era airport dues.
Top executives at Japan’s trading houses have warned that the tumbling yen will crimp efforts to expand business overseas.
Treasuries rose ahead of a barrage of US data that may support bets the Federal Reserve will still cut interest rates this year, despite signs the downtrend in inflation has stalled.
Japan likely conducted its second currency intervention this week, according to a Bloomberg analysis of central bank accounts, in another sign of its intensified battle to prop up the yen.
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