Latest Oil Market News and Analysis for Oct. 23New!!
Brent oil headed for a third weekly gain as intensifying attacks on Saudi Arabia raised the risk of wider Middle East supply disruptions.
Temasek Executive to Join CapitaLand Board as Chair RetiresNew!!
Temasek Singapore President Png Chin Yee is set to join the board of CapitaLand Investment Ltd., while Chairman Miguel Ko is retiring from the real estate asset manager.
Nippon Steel Raises US Mill Upgrade to $3 Billion as Costs ClimbNew!!
Nippon Steel Corp. will spend $3 billion building a hot-strip mill in Pennsylvania, part of its $11 billion investment plan in newly-acquired US Steel.
Dubai’s Top Bank Seeks Up to $1 Billion Loan From Asian LendersNew!!
Emirates NBD Bank PJSC is marketing a syndicated loan of up to $1 billion to Asian banks, according to people familiar with the matter, in the latest sign that Gulf borrowers are gaining more confidence in seeking financing from the region even as the Iran war continues.
India Retail Traders Cut Back on Leveraged Bets as Stocks SlideNew!!
Zerodha founder Nithin Kamath has repeatedly voiced concerns about the use of margin loans by clients to buy stocks.
HSBC, Standard Chartered Face Cost Test as Rates, Wealth Support EarningsNew!!
HSBC Holdings Plc and Standard Chartered Plc are expected to sustain strong returns on higher rates and Asian wealth fees, though China’s tighter capital-flow rules and cost pressures cloud the outlook.
Tech Stock Selloff Deepens, Crude Oil Extends Gain: Markets WrapNew!!
The global rout in technology stocks this week deepened as investors rotated out of the hottest trade of the year and sought safety in Treasuries and currencies such as the yen. Crude oil extended its gains.
Gold Drops Below $4,000 as Deepening Stock Rout Fuels VolatilityNew!!
Gold fell below $4,000 an ounce, sliding to the lowest in more than three months, as investors sold the precious metal in a cross-market stock rout.
Korean Stocks Drop on Chip Losses After US Selloff, Oil GainsNew!!
South Korean stocks retreated as heavyweight chipmakers declined, following an overnight selloff in US technology shares amid elevated oil prices.
China Stocks Sink Deeper Into Bear Market Despite State BuyingNew!!
Chinese stocks slid deeper into a bear market as rescue efforts by state-backed funds fail to rebuild investor confidence.