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Saudi Energy Minister Commits to Crude Capacity Levels and Climate Targets

October 29, 2024
Oil
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Kingdom commits to daily crude capacity Saudi Arabia to refresh national climate pledge Carbon exchange announcement expected RIYADH, Oct 29 Reuters Saudi Arabia is committed to maintaining crude capacity at 12.3 million barrels per day, Energy Minister Prince Abulaziz bin Salman said on Tuesday. Speaking at the Future Investment Initiative FII conference in Riyadh, he said the […]

October 29, 2024
Finance
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Oct 29 Reuters Most stock markets in the Gulf ended higher on Tuesday as a slew of corporate earnings lifted investor sentiment, although regional tensions limited gains. Saudi Arabia39;s benchmark index edged 0.1 higher, helped by a 1.4 rise in Al Rajhi Bank and a 3.1 increase in Saudi Arabian Mining Company. Elsewhere, Mobile Telecommunications Saudi Arabia, […]

October 29, 2024
Finance
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Oct 29 Reuters Canada39;s main stock index was muted on Tuesday as a rise in longterm bond yields pressured ratesensitive stocks like utilities and limited overall gains led by mining shares, while investors awaited earnings from megacap Alphabet. The SPTSX composite index was up 8.98 points, or 0.04, at 24,574.64. The materials sector added 1 as gold […]

October 29, 2024
Finance
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HSBC jumps on 3 bln buyback Pearson rises on Q3 sales growth FTSE 100 up 0.2, FTSE 250 off 0.3 Oct 28 Reuters The UK39;s benchmark FTSE 100 stock index rose on Tuesday, led by heavyweight financials, after HSBC thirdquarter profit beat estimates and it launched a 3 billion buyback plan, while losses in industrial […]

October 29, 2024
Finance
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Sterling holds steady ahead of budget Budget due Wednesday; fund managers sanguine for now Options market shows demand for nearterm hedges LONDON, Oct 29 Reuters The pound held steady on Tuesday, while sterling options rose to their highest since the start of the month, reflecting a modest degree of nervousness among traders a day before […]

October 29, 2024
Business
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Oct 29 Reuters Food distributor Sysco Corp beat firstquarter revenue estimates on Tuesday, helped by steady demand for its specialty seafood and freshcut meat products, but missed profit expectations. WHY IS IT IMPORTANT? Sysco39;s quarterly sales numbers offer a bright spot at a time when the broader U.S. restaurant industry is struggling with weaker traffic due […]

October 29, 2024
Business
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MILAN, Oct 29 Reuters Europe39;s car safety agency has issued a not recommended rating to the driver assistance system used in BYD39;s Atto 3 EV, dealing a blow to the Chinese automaker as it strives to expand on the continent. The model scored zero on driver monitoring features and performed poorly in preventing undertaking at […]

October 29, 2024
Business
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SHANGHAI, Oct 29 Reuters ByteDance founder Zhang Yiming is China39;s richest person, with personal wealth of 49.3 billion, an annual rich list showed on Tuesday, although counterparts in real estate and renewables have fared less well. Zhang, 41, who stepped down as chief executive of ByteDance in 2021, becomes the 18th individual to be crowned […]

October 29, 2024
Business
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Revenue from investment gains up 47.9 in first nine months Brokerage business fee income down 8.7 on year Investment banking fee income down 52 on year BEIJINGSHANGHAI, Oct 29 Reuters CITIC Securities Co, China39;s biggest brokerage, reported a 21.9 rise in thirdquarter profit on Tuesday, driven by growing investment gains. Net profit for the three […]

October 29, 2024
Business
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HSBC Q3 profit up 10 to 8.5 bln, tops estimates of 7.6 bln CEO says revamp does not reopen debate about splitting the bank up CEO says market must wait for cost details of latest overhaul Bank39;s shares rise 2.5 to sixyear high HONG KONGLONDON, Oct 29 Reuters HSBC Holdings beat third quarter profit expectations on […]

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Saudi Energy Minister Commits to Crude Capacity Levels and Climate Targets

Most Gulf Markets Gain on Earnings; Geopolitics Weigh

TSX Flat as Mining Gains, Higher Yields Add Strain

Londons FTSE 100 Gains as HBSC Jumps on 3B Buyback Plans

GBP Steady ahead of UK Budget, Set for 1st Monthly Fall since Sept 2023

Food Supplier Sysco Beats Quarterly Sales Estimates on Steady Demand

European Car Safety Agency Snubs BYDs Atto 3 Driver Assistance System

Founder of TikTok Owner ByteDance Jumps to Top of Chinas Rich List

Chinas CITIC Securities Q3 Profit Rises 21.9

HSBC Coy on Cost Savings of Revamp as Quarterly Profit Tops Expectations

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