Swiss bank UBS posts 24% profit slide but beats analyst expectations
UBS on Tuesday reported a net income of $1.7 billion for the third quarter of this year, slightly above analyst expectations, with the Swiss bank citing a challenging environment.
Japan Prime Minister Fumio Kishida appoints former health minister Goto as next economy minister
Japan’s Prime Minister Fumio Kishida on Tuesday appointed former health minister Shigeyuki Goto as the next economy minister.
France enters ‘white gold’ rush as top producer aims to supply Europe with lithium
Lithium is crucial to the batteries that power electric vehicles.
Why China won’t bail out its real estate sector
China’s central government won’t likely be spending billions to save the struggling real estate sector, analysts said.
Investor fears about Xi’s new leadership team ‘may be misguided’
Newly promoted Chinese President Xi Jinping loyalists previously led “rich provinces where economic growth is still the top priority,” Teneo analysts said.
Sell stocks in a bear market rally and look to this alternative, JPMorgan strategist says
Investors should ‘de-risk’ their portfolio in a pessimistic market by capitalizing on bear market rallies, says an investment strategist.
Hong Kong markets rebound slightly after plunge, Asia-Pacific markets rise
Hong Kong stocks were volatile and mainland China markets continued to slide Tuesday, while other major Asian markets rose.
Stocks close higher for third consecutive day, Nasdaq adds 2.2% ahead of Big Tech earnings
Stocks rose on Tuesday, as investors assessed sliding yields and new data for further clues into the health of the U.S. economy.
Here’s where investors should look as they search for the leaders of the next bull market
History has shown us that the leaders of the last bull market are not the leaders of this bull market, said Kevin Barry, Summit Financial CIO.
Wave of LNG tankers is overwhelming Europe in energy crisis and hitting natural gas prices
The buildup of LNG vessels waiting to unload in Europe is driving down the price of natural gas while sending LNG freight rates higher.
