HSBC stock sinks 5.6% as income gap overshadows profit surge
HSBC's shares slid more than 5 per cent even though Hong Kong's largest lender grew third-quarter pre-tax earnings by nearly a third and launched a fresh US$1 billion buy-back program.
Risk warning
CFDs are complex instruments. 74–89% of retail investor accounts lose money when trading CFDs.
admin
Morgan Stanley sees China stocks falling another 10-15% before bottom
Morgan Stanley warns Chinese onshore and offshore equities could lose a further 10 to 15% before stabilizing, after the CSI 300 slid into a bear market last week.
Indian crude basket near $123 as weak rupee squeezes oil refiners
India's crude oil basket climbed to $123.29 a barrel last week, up 86% on the price paid by Indian oil marketing companies, while a weaker rupee added to import costs and pushed state fuel marketers' margins negative.
Oil retreats from highs as Saudi, Turkish, Pakistani officials visit Tehran
Brent crude fell to $114.85 a barrel and WTI to $100.87 as diplomatic visits to Iran raised hopes for de-escalation, pulling prices back from last week's multi-month peaks.
Japan’s Katayama warns of decisive FX action as yen weakness persists
Japanese Finance Minister Satsuki Katayama said on Tuesday that Japan is prepared to take decisive steps in the foreign exchange market, as USD/JPY traded near 157.70.
Gold holds near $4,000 as dollar strength persists before Fed decision
Gold (XAU/USD) stayed under pressure near the $4,000 mark on Tuesday as a broadly stronger US Dollar weighed on the metal ahead of Wednesday's Federal Reserve policy decision.
UK ministers divided as Rosebank oilfield decision nears
Britain's cabinet is split over whether to approve the £8.7 billion Rosebank oilfield west of Shetland, as Brent crude trades above $100 a barrel and imports supply more than 70% of UK oil demand.
Carney says Canada holds firm in US trade talks
Canadian Prime Minister Mark Carney said Monday that Canada has not shifted its stance in ongoing trade negotiations with the United States. USD/CAD edged up 0.06% to 1.4012.
Arbitration court rejects $12 billion of Kazakhstan’s Kashagan claims
The Permanent Court of Arbitration in The Hague has thrown out $12 billion of Kazakhstan's claims against Western oil majors over the Kashagan field, ruling they were filed too late. The decision landed the same day Kazakhstan announced a $3 billion infrastructure commitment from the International Finance Corporation (IFC).
China orders top oil firms to drill more as Iranian crude vanishes
China's National Energy Administration has told PetroChina, Sinopec and CNOOC to expand production and build strategic supply bases after Iranian floating crude stocks sold to China ran dry in October.