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Southeast Asia Private Equity Investment Slumps In Q2 As Exits Rebound


Private equity (PE) investment in Southeast Asia declined sharply in the second quarter of 2026, as investors remained selective amid geopolitical uncertainty and a subdued dealmaking environment, according to EY-Parthenon.

The region recorded 10 private equity deals worth $935.5 million during the quarter, compared with 19 deals totaling $9.2 billion in the first quarter, EY-Parthenon’s Southeast Asia Private Equity Pulse for Q2 2026 report showed.

On a year-on-year basis, deal volume fell 55%, while aggregate deal value declined 58%.

Capital deployment was concentrated in mid-market transactions. Only one investment exceeded $500 million, while no transaction crossed the $1 billion mark.

Real estate accounted for 90.8% of total investment value, largely due to an $850 million equity injection into Singapore-based ESR Group by existing shareholders Warburg Pincus and Sixth Street.

Technology represented 5.3% of quarterly deal value, while the consumer sector accounted for 2.2%.

Other notable investments included Apis Partners’ $50 million investment in Singapore-based human resources technology company BIPO Service Singapore and a $20.5 million investment in Little Farms Group by Asia Partners Fund Management and Panther Mountain Capital.

Despite weaker investment activity, Southeast Asia recorded its strongest exit conditions since the first quarter of 2022.

Eleven exits generated $4.2 billion in proceeds, with aggregate exit value more than tripling from a year earlier even as exit volume remained unchanged.

The largest exit involved Cuscaden Peak Investments, an indirect wholly owned subsidiary of Temasek Holdings, selling Singapore’s Paragon property for $3.03 billion.

Blackstone’s $900 million exit from Interplex Datacom ranked second, followed by Dymon Asia Private Equity’s $136.8 million exit from industrial company Newark.

Fundraising remained muted, with only one private debt fund closing at $320 million during the quarter.

EY-Parthenon ASEAN Private Equity Leader Luke Pais said stronger exit activity was an encouraging sign for capital recycling and could support a more constructive outlook for private equity sponsors in the coming quarters.



Spain adds barrier between Ceuta and Morocco after EU states warn on ‘uncontrolled mass crossings’



Spain on Saturday installed a 500-meter-long (1,600-foot) barrier on the sea border between its North African territory of Ceuta and neighboring Morocco after tens of thousands of migrants breached the frontier earlier in the week.

At least 67 migrants died, including some who drowned and others who were killed in a stampede to cross a breakwater barrier, the Spanish government said Saturday.

Spanish Prime Minister Pedro Sánchez slammed the reaction of some other European Union leaders to the events in Ceuta, saying calls for Spain to be suspended from the EU’s borderless Schengen zone were “driven by prejudice, fake news, ignorance, or political interest.”

A handful of exhausted migrants who swam to Ceuta’s urban Tarajal beach Saturday morning were met by soldiers who escorted them across the border. Most of the 50,000 to 60,000 migrants who entered the territory between Thursday and Friday soon went back.

“We are relentless against those who break the law,” Spanish Interior Minister Fernando Grande-Marlaska told journalists Saturday.

Questioned how the massive border breach could have happened given the heavy security on both sides of the border and whether Morocco posed a threat to Ceuta, Marlaska defended the government in Rabat.

“The events require an evaluation by Spain and Morocco,” he said. But it was the cooperation with its neighbors that allowed Spain “to revert the situation in 24 hours.”

“Morocco is not a threat to Ceuta, or to the rest of Spain. It is a reliable partner,” Marlaska emphasized.

EU leaders call for coordinated response

The leaders of 22 EU countries called for a coordinated response to the situation. In a letter to top EU officials, released Saturday by the Danish prime minister’s office, the countries asked the EU’s current Irish presidency to urgently convene a videoconference of interior ministers.

“We cannot allow uncontrolled mass crossings, the instrumentalization of migration or other hybrid threats to create the perception that illegal entry into the European Union is possible. That a migrant’s illegal entry can turn into legal stay,” the letter said. “Such a perception would encourage further attempts, undermine confidence in our common migration policy and have repercussions for all Member States.”

Leaders of Italy, Denmark, Austria, Belgium, Bulgaria, Cyprus, Croatia, the Czech Republic, Estonia, Finland, Germany, Greece, Hungary, Latvia, Lithuania, Malta, the Netherlands, Poland, Romania, Slovenia, Slovakia and Sweden signed the letter.

Sánchez also asked for a videoconference of EU interior ministers to “enable us to establish a common response to situations of this kind and reaffirm that the security of our external borders is a shared responsibility of all Member States, and not only of those on the Union’s front line.”

Italian Premier Giorgia Meloni has threatened to suspend Italy’s open-border Schengen agreement with Spain, and Italy was reimposing border controls for people arriving from Spain by air and sea.

“In the current international context, the European Union cannot afford this kind of selfish, polarizing and unlawful reaction,” Sánchez wrote in his letter.

Migrants head back into Morocco

Hundreds of migrants returned to Morocco on Saturday. Some told an Associated Press reporter they were returning “of their own free will” after what they described as degrading treatment on the Spanish side of the border.

Migrants walked along a long stretch of wave breakers before slipping into Morocco through a small breach in the border fence that had become an informal entry point. Moroccan police and soldiers watched. Most of the migrants were Moroccans, while a smaller number were from sub-Saharan Africa.

Hungry and angry, some barefoot or shirtless and others nursing visible injuries, those who returned said they had “seen hell in Ceuta.”

“I decided to come back on my own,” said Ouail Lamzeiz. “I spent eight days in Ceuta, and I was about to get a bed at the migrant center, but I hadn’t eaten for days. Even the Moroccans there didn’t help,” he added, showing a document supporting his account.

His friend, Salah Eddine El Arrage, said he decided to return to Morocco after, he said, Spanish police beat him.

Migrants said they spent their nights sleeping in the forests around Ceuta because they could not find shelter, and that they often fought over food.

One, Othmane El Merzoug, asked passersby for a phone call so he could reach his family and ask them to send money for the journey back to his hometown, about 189 miles (305 kilometers) from the border.

Along Ceuta’s Tarajal beach, sunbathers largely ignored the streams of migrants walking toward the border.

Ceuta resident Mohamed Abdelatif, 21, said the border rush had ruptured the city’s peace.

“The reality is, it’s not good,” Abdelatif said, before wading into the water with his girlfriend.

The road linking the Moroccan town of Fnideq to the border crossing bore the scars of the unrest. Burned-out vehicles sat along the roadside, while the acrid smell of smoke still hung in the air. Police barriers channeled traffic toward the crossing, and water cannons remained stationed nearby.

“Life in this city has been disrupted as a result of the border incident,” said Ceuta President Juan Jesús Vivas. “The return of people has begun satisfactorily but the process must be completed.”

In the Moroccan city of Tangier, about 75 kilometers (46 miles) west of Ceuta, the main railway station was busy with people returning. Some slept on the ground.

“I tried to cross, but I failed. I stayed near the border with Ceuta for two days, but I couldn’t find anything to eat,” said Abdalah, an aspiring migrant who asked that his last name not be published out of fear of retaliation for trying to cross illegally.

But some who made it to Ceuta were determined to stay. Among them was Mohamed Hatri, a 23-year-old Moroccan.

“They’ve closed everything down so that we can’t buy anything to eat, to force us to return to our country,” he said, adding that he and others were determined to stay “whether we’re hungry or not.”

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Trump vows to restore ‘Anti-Weaponization Fund’ while Tillis slams it as a ‘payout pot for punks’



President Donald Trump on Saturday threatened to push forward with a fund to compensate his allies if two Republican holdouts will not support his nominee for attorney general, injecting fresh uncertainty into a Senate confirmation vote planned for next weekand underscoring once more his interest in securing payouts for supporters who feel unjustly persecuted.

Trump asserted in his Truth Social post that he would keep acting Attorney General Todd Blanche in his current role and press ahead on the “Anti-Weaponization Fund” if Sens. John Cornyn of Texas and Thom Tillis of North Carolina refuse to back the former federal prosecutor who was key member of Trump’s defense team when the Republican battled four indictments.

The administration needs their votes but both lawmakers have protested Blanche’s selection because of a lawsuit settlement that created a $1.8 billion fund to compensate people who feel mistreated by the criminal justice system and provided Trump and family members with immunity from tax audits.

In a sign of apparent progress Friday, Trump pronounced the fund “dead.” As negotiations continued into the night, the chairman of the Senate Judiciary Committee, Sen. Chuck Grassley, rescheduled a committee vote for Blanche that had been postponed earlier in the week.

A spokesperson for the committee said Grassley, R-Iowa, would like to see Blanche confirmed before the August recess and that putting the Tuesday vote on the calendar “gives more time for the White House to secure the votes for the President’s nominee.”

But by Saturday morning, those plans were in jeopardy with a new announcement from Trump that appeared to put the fund back on the table — and dinged the two senators who are leaving Capitol Hill when their terms end in January.

“If Senators Cornyn and Tillis, both upset because I wouldn’t Endorse them (they lost, and quit, respectively!), aren’t going to approve Todd Blanche, one of the most respected professionals, according to everybody, in the Country, to be the United States Attorney General, then I will keep Todd as Acting A.G., and push hard” to restore the fund. The president insisted, as he previously has, that the fund “takes care of those who have been so badly treated” during the administrations of Democratic Presidents Barack Obama and Joe Biden.

Tillis, who is retiring, took note of the president’s turnabout by saying in a post on X that despite Trump’s comments Friday, he “clearly intends to resurrect the payout pot for punks either by inappropriately establishing another bogus fund or pushing Congress to vote for a bill that the majority of Republicans in the Senate would be against.”

He added: “It’s unfortunate that Todd Blanche, who I consider qualified for the job, will not be confirmed because of this reversal. Hopefully, we can resolve this by Tuesday.”

Blanche had said at a hearing two months ago that the anti-weaponization fund would not move forward after Republican senators revolted and held up an immigration funding bill.

But Tillis and Cornyn, who lost reelection this year after Trump endorsed his primary opponent, said they want to ensure that the White House does not reverse course, especially as Trump continues to argue that a fund is needed.

The Department of Justice has provided the senators with language that says Blanche’s May 18 order establishing the “Anti-Weaponization Fund” is “rescinded and shall have no force or effect,” according to a document reviewed by The Associated Press.

Cornyn and Tillis have said they also want some clarifications on a separate piece of the settlement that would grant Trump and members of his family immunity from tax audits. Cornyn said this week that it was his understanding that the audits could extend to more than 100 different Trump organization subsidiaries into the future.

“Todd Blanche said it was limited to the parties to the litigation — and it was retrospective, not prospective,” Cornyn said. “And all we’re doing is asking them to put that in writing.”

X Money Review: Pros, Cons, and Alternatives



X Money Logo

Quick Summary

  • New personal finance app from X (formerly Twitter) 
  • High Savings Annual Percentage Yield (APY) of up to 6% 
  • Earn 3% cash back rewards on eligible debit purchases 
  • Send money to other X users free of charge

GET STARTED

Pros

  • Excellent savings APY

  • Earn 3% unlimited cash back rewards

  • No foreign transaction fees 

Cons

  • Invite-only access

  • Best features require X Premium+

  • Very new, untested platform

X Money is a personal finance app available on an invite-only basis to eligible Premium X users. It combines high-yield savings, peer-to-peer payments, a Visa debit card, early direct deposit, and everyday banking features into your X account.

Wondering if X Money is worth signing up for if and when you receive an invite, or if access is expanded to the broader public? I’m covering the key features, pros and cons, and more in this full review. 

Table of Contents

What Is X Money?
What Does It Offer?
Are There Any Fees?
How Does X Money Compare?
How Do I Open An Account?
Is It Safe And Secure?
How Do I Contact X Money?
Is It Worth It?

What Is X Money?

X Money is a new financial platform built by X, the social media company formerly known as Twitter. The product officially launched in the U.S. in July 2026, as part of Elon Musk’s plan to turn X into an “everything app.”

X Money is not a bank, but a fintech that offers traditional banking services through its banking partner, Cross River Bank. Deposits are held with partner banks and are eligible for FDIC insurance. At this point, X Money is primarily designed for X users who want to manage their day-to-day finances from a single app.

X Money homepage

What Does It Offer?

X Money combines several products you’d normally expect from other popular fintech apps. Here’s a closer look at some of its key features: 

High-Yield Savings 

One of X Money’s biggest selling points is the interest rate. At the time of writing, it offers up to 6.00% APY on qualifying deposits, a rate that is much higher than most traditional banks currently pay. This is also better than any bank on our list of the best high-yield savings accounts.

The 6% rate is available to X Premium+ Tier users, though X Premium users can qualify for a Boosted rate of 6% through a qualifying deposit of $1,000 or more. 

The deposit can be an ACH direct deposit or an X Creator Payout through the Creator Revenue Sharing or Creator Subscriptions programs. Make sure you visit X Money for full terms and conditions.

The standard rate is 4.00% APY for X Premium Tier – which is comparable to the top savings accounts today. 

X Money High-yield savings

Early Paycheck

Like many fintech apps, X Money supports early direct deposit. If your employer submits your payroll early, you may be able to receive your paycheck up to two days before your scheduled payday. You can then pay bills and transfer money without leaving the X app. 

Send Money

X has built peer-to-peer payments directly into its platform. Instead of searching for someone’s phone number or email address, you can send money using their X handle. Transfers happen in real time between eligible X Money users, making the experience feel more like sending a direct message than making a bank transfer. Currently, these transfers are limited to other X Money users, so it can’t compete with platforms like Venmo or Zelle just yet. 

Screenshot of the X Money transfers feature

X Card 

Every X Money account comes with an X-branded Visa debit card. You can use the card anywhere Visa is accepted, and it supports Apple Pay. There are no foreign transaction fees, and you’ll receive free ATM withdrawals worldwide. Many out-of-network ATM fees are even reversed. This is a great feature if you’re a digital nomad or frequent international traveler. 

X Money Debit Card

3% Cash Back

The X Card also earns unlimited 3% cash back on eligible purchases made with your X Card, except for purchases in certain spending categories, such as Securities Brokers and Dealers, Wire Transfers and Money Orders, Video Game Arcades, Tax Payments, Postal Services, Betting and Lottery Purchases, and more. Visit X Money to see the full list of ineligible spending categories. 

You can view the cash back rewards you’ve earned in the Money section of your X account once you’ve made a purchase and the transactions have settled. According to the X website, cash rewards are credited every seven days. 

Are There Any Fees?

One thing I really like about X Money is its simple pricing. There are no monthly maintenance fees, no foreign transaction fees, no fees for peer-to-peer transfers, and no fees for regular ATM withdrawals. Bill pay, domestic wire transfers, and mailed checks are also free. 

Where X Money makes money is through your X Premium or Premium+ subscription. Remember, the platform is currently only available to these paying members. If you’re not already paying for X Premium, you’ll want to factor that cost into the equation.

X Premium starts at $8 per month ($84 annually), and Premium+ starts at $40 per month, or $395 annually*.  

*Note that these are U.S. web prices. Depending on how you subscribe to Premium or where you are located, your pricing could be higher.

How Does X Money Compare?

At the moment,
X Money’s closest competitors appear to be fintech banking platforms like SoFi, Chime, or Cash App. X Money stands out for its combination of a high interest rate, unlimited 3% cash back, and integration with the X platform. If you spend a lot of time on X, then it could be a very convenient way to manage your day-to-day spending, savings, and payments. 

However,  if you don’t use X regularly, the platform loses its appeal. In that case, you’ll be better off with established fintechs like SoFi or Ally, which offer broader banking services. 

Header
X Money Logo
SoFi Student Loans
Cash App 2024 Logo

Rating

Pricing

$8 – $40/month

$0

$0

APY On Savings

Up to 6%

3.10%

Up to 3.25%

Debit Cash Back

3%

0%

0%

Free ATM Withdrawals

Yes

Yes

Yes

Cell

OPEN AN ACCOUNT

READ THE REVIEW

READ THE REVIEW

How Do I Open An Account?

At the moment, X Money operates on an invite-only system and is available only to eligible X Premium users in the U.S.

Once you are invited, you’ll need to complete ID verification, connect your funding source, and receive your X Visa card once your account is approved. X Money states on its website that it is planning to expand access to more users soon. 

Is It Safe And Secure?

Overall, X Money includes many of the protections you would expect from most other fintechs. As mentioned, deposits are held through partner banks and, as such, are eligible for up to $250,000 of FDIC coverage. If you have a larger balance, you may qualify for expanded coverage through a multi-bank sweep program up to $10,000,000.

X Money Cash Sweep FDIC Insurance

For account security, X Money uses passkeys for fast and safe authentication, as well as advanced security controls you can opt into. 

How Do I Contact X Money?

X Money offers 24/7 customer support through in-app chat, with both AI assistants and live agents available. You can also access self-service help articles and FAQs through the X Money Help Center. 

Is It Worth It?

After looking at the features, it’s hard not to be impressed with what X Money is bringing to the table at launch. A 6% APY, unlimited 3% cash back, free global ATM access, no FX fees, and free P2P payments make for a very attractive package. If you’re an active X user, especially a creator already earning income through X, this could become a solid replacement for your traditional checking account. 

The biggest drawback right now is that it only exists through the X platform and is invite-only. And you need to pay for an X subscription to get all of the benefits. Also, the platform is very new and unproven. But if you’re on the X platform and have received an invite, it might be worthwhile to at least dip your toes in and give it a try. 

Check out X Money here >>

Editor: Robert Farrington

The post X Money Review: Pros, Cons, and Alternatives appeared first on The College Investor.

First National mortgage volumes fall 12% as housing activity slows




Higher renewal volumes partially offset weaker new business, while mortgages under administration increased to nearly $170 billion.

Capital One Transfer Bonus, Get 15% More Avianca LifeMiles


Capital One has a new transfer bonus that kicked off today. You can currently get a 15% bonus when you transfer your Capital One Miles to the Avianca LifeMiles program.  Besides Avianca flights, you can use these miles for Star Alliance partner airlines as well. Let’s take a look at the details of this promotion.

Capital One Transfer Bonus for Avianca LifeMiles

Limited Time Offer: Eligible cardmembers can transfer Capital One Miles to Avianca LifeMiles and receive 15% Bonus LifeMiles. Offer is valid for transfer to Avianca LifeMiles completed between August 1 and August 31, 2026.

Here are some important details about this Citi Capital One transfer bonus for Avianca LifeMiles:

  • Transfers to Avianca LifeMiles are often completed within 24 hours, however the process may occasionally take up to 5 business days. 
  • Transfers require a minimum of 1,000 Capital One Miles.
  • First and last name on your Capital One account and loyalty partner account must match.

About Avianca LifeMiles

The Avianca LifeMiles loyalty program allows members to redeem miles for airline tickets, hotel stays, car rentals, and more. As a member of Star Alliance, Avianca serves more than 100 cities in North, Central, South America, and Europe, and offers LifeMiles members access to more than 1,300 destinations worldwide.

Star Alliance redemptions have no fuel surcharges, which makes LifeMiles quite valuable. Domestic U.S. flights on United for example at just 6,500 LifeMiles each way. Business class awards start from  15,000 miles. But some of the most attractive redemptions include Lufthansa First Class or Swiss Air Business Class to Europe.

Earning Avianca LifeMiles is relatively easy. There are two credit cards, the Avianca Vuela Visa and the Avianca Vida Visa issued by Banco Popular de Puerto Rico. Plus Avianca LifeMiles are a transfer partner for Citi and American Express, in addition to Capital One.

Capital One Transfer Partners

Customers will need to transfer a minimum of 1,000 Venture X, Venture X Business, Venture or Spark Miles at a time to travel loyalty programs, and will need to transfer in 100 mile increments.

If you’re an eligible Capital One cardholder, you can transfer your rewards by signing in to your account online or through the Capital One Mobile app. Once you’re signed in, navigate to the rewards section button and select the option to transfer your miles. Before you confirm, remember that there’s no way to transfer miles back into your Capital One rewards account.

Partner Ratio
Accor Live Limitless 2 : 1
Aeromexico Club Premier 1 : 1
Air Canada Aeroplan 1 : 1
Air France KLM Flying Blue 1 : 1
Avianca LifeMiles 1 : 1
British Airways (Avios) 1 : 1
Cathay Pacific Asia Miles 1 : 1
Choice Hotels (Choice Privileges) 1 : 1
Emirates Skywards 1 : 1
Etihad Airways Etihad Guest 1 : 1
EVA Air Infinity MileageLands 2 : 1.5
Finnair Plus 1 : 1
I Prefer Hotel Rewards 1 : 2
Japan Airlines Mileage Bank 2 : 1.5
JetBlue TrueBlue 5 : 3
Qantas Frequent Flyer 1 : 1
Qatar Airways Privilege Club 1 : 1
Singapore Airlines Krisflyer 1 : 1
TAP Air Portugal (Miles&Go) 1 : 1
Turkish Airlines (Miles&Smiles) 1 : 1
Virgin Red 1 : 1
Wyndham Rewards 1 : 1

Guru’s Wrap-up

This is a decenet opportunity for those who need to add more Avianca LifeMiles to their accounts. We see this offer normally once or twice a year.

I always suggest not to transfer points speculatively, because once you transfer, there’s no going back.

Let me know in the comments if you plan to take advantage of this Capital One 15% transfer bonus for Avianca LifeMiles? Also check out all the current transfer bonuses for other currencies.

HT: Anki

Thousands in Amsterdam for boisterous WorldPride in shadow of Berlin attack




Thousands in Amsterdam for boisterous WorldPride in shadow of Berlin attack

Robinhood CEO Vlad Tenev Thinks AI Agents Could Transform the Crypto Market. Here’s What That Means for Investors


Agentic artificial intelligence takes automated trading to a new level. Unlike trading bots that follow preset rules, AI agents can actually act on decisions they make, trading according to market conditions and learning from mistakes. AI agents can react to shifts in the market in real time, analyze data, form plans, and execute trades.

Image source: Getty Images.

Customers of several brokerages, including Robinhood (HOOD -0.05%), can now connect AI tools such as Anthropic’s Claude or OpenAI’s ChatGPT to their accounts. Users move funds into their AI agent account and give it instructions for how they want it to trade. Robinhood CEO Vlad Tenev wants AI agents to be able to do everything humans can. He aims to give retail investors the same computing power as institutional investors.

Robinhood Markets Stock Quote

Today’s Change

(-0.05%) $-0.04

Current Price

$86.56

Here are some of the ways agentic AI trading could transform not only crypto investing, but all investing — for good and bad.

How AI agents can impact the crypto industry

Cryptocurrency investing is always a wild ride, but the growth of agentic AI trading could make it even wilder. Having multiple AI agents automatically trading crypto in milliseconds on the back of breaking news or price movements could amplify price swings and quickly reduce liquidity, particularly if many traders have set up similar AI instructions. Many crypto investors have witnessed firsthand how automated liquidations can spiral rapidly into flash crashes.

AI agents are also likely to trade more, meaning higher trading volumes and more transaction fees — which is good for exchanges like Robinhood. For example, AI-controlled exchange-traded funds (ETFs) tend to turn over their holdings once a month, compared to once a year with ones managed by humans. For crypto investors, that could also mean a huge jump in the number of decentralized finance (DeFi) transactions, boosting programmable cryptos like Ethereum.

On the plus side, AI agents can quickly detect and react to price discrepancies, contributing to price stability. They also take some of the emotion out of trading and help investors stick to preset strategies.

How AI agents could impact your investing

From an individual point of view, AI doesn’t change the Foolish investment philosophy, which is to buy and hold quality assets for at least five years. Making consistent investments into companies or cryptocurrencies you have researched is a more reliable way to build wealth than short-term trading. That holds true even if AI helps.

One key issue is that AI can sound confident even while making big mistakes. Most importantly, AI can help, but it is you who needs to decide which companies you will invest in and why. AI can certainly deepen your research, analyze large amounts of data, identify risks and opportunities, and help you build a balanced portfolio. You might, for example, ask an AI agent which brokerage stocks are best positioned to benefit from AI agent trading, how the trend might evolve, and how you can invest.

Ultimately, AI is a powerful tool, but it is in its early days. Just last week, an AI model broke out of its sandbox and hacked another firm, seemingly with no human intervention. I don’t think a rogue AI is going to steal your credit card information and use it to book a luxury holiday, but the incident does raise questions about what else AI agents might do in terms of market manipulation or investing all your funds in a meme coin because it misreads the market.

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