Trading Ideas

(Bloomberg) — HSBC Holdings Plc is embarking on a cost-cutting drive that threatens as many as 10,000 jobs, the Financial Times reported, citing two people briefed on the matter.The bank, one of several European lenders eliminating roles, is questioning why it has so many people in Europe when it has double-digit returns in parts of Asia, one of the people told the paper. The job cuts — on top of the 4,700 redundancies announced earlier — could be announced when HSBC reports its third-quarter results later this month, according to the FT. An HSBC spokesman declined to comment on the …read more […]

As if the recent drop in oil prices wasn’t bad enough, shale drillers are now facing the negative impact of credit re-determinations …read more […]

By trading oil using its own currency, ISIS planned to destabilize the US economy by forcibly decoupling the dollar from the oil business. …read more […]

HSBC could announce the beginning of the latest cost-cutting drive and job cuts when it reports third-quarter results later this month, the FT said, citing one person briefed on the matter. Flint’s exit was a result of differences of opinion with chairman Mark Tucker over topics including approaches to cutting expenses, a person familiar with the matter told Reuters in August. HSBC declined to comment. …read more […]

HSBC could announce the beginning of the latest cost-cutting drive and job cuts when it reports third-quarter results later this month, the FT said, citing one person briefed on the matter. Flint’s exit was a result of differences of opinion with chairman Mark Tucker over topics including approaches to cutting expenses, a person familiar with the matter told Reuters in August. HSBC declined to comment. …read more […]

The future of MBS may well be decided in the next couple of months, with Saudi relations with Washington looking very strained and geopolitical tensions rising in the region …read more […]

A pending U.S. lawsuit over claims related to Bayer’s glyphosate-based herbicide Roundup has been delayed, the company said on Sunday, with a new court date set for February, 2020. “The Oct. 15, 2019 trial date for Winston v. Monsanto in St. Louis City has been postponed,” Bayer said in a statement. The lawsuit is the latest of several to be delayed as mediator Ken Feinberg tries to negotiate a settlement between the company and U.S. plaintiffs after a California jury in August last year found that Monsanto should have warned of alleged cancer risks. …read more […]

Vodafone is testing innovative open access radio technology in Britain – a first for Europe – in a move that could break the grip Huawei, Ericsson and Nokia hold on the telco equipment market. OpenRAN, which has been developed by Vodafone and Intel, standardizes the design of hardware and software in the infrastructure, masts and antennae that make up the radio access network that carries mobile calls and data. Vodafone, the world’s second largest mobile operator, has trialled the technology in laboratories in South Africa and deployed it in Turkey to deliver 2G and 4G services to customers …read more […]

Talks for a new four-year labor contract between General Motors Co and its striking workers cooled after the United Auto Workers rejected the largest U.S. automaker’s latest offer on Sunday. GM made an offer to the union that basically repeated one the UAW had previously rejected, Terry Dittes, the UAW vice president in charge of the GM department, said in a letter to members. “We, in this union, could not be more disappointed with General Motors,” Dittes said. …read more […]

Talks for a new four-year labour contract between General Motors Co and its striking workers took a “turn for the worse” on Sunday after the United Auto Workers rejected the largest U.S. automaker’s latest offer but the two sides were still talking. GM made an offer to the union that basically repeated one the UAW had previously rejected, Terry Dittes, the UAW vice president in charge of the GM department, said in a letter to members. “These negotiations have taken a turn for the worse,” he said. …read more […]

(Bloomberg) — China’s top six listed coal-power generators are failing to respond to climate change, lagging international peers and leaving them misaligned with Beijing’s broader environmental policies, according to a sustainability and governance risk consultant.That’s keeping shareholders without adequate information on how the firms are addressing climate change or adjusting their businesses to adapt, Singapore-based Asia Research & Engagement said in a report Monday. The companies, with a combined market capitalization of almost $91 billion at the mid-year, account for about a fifth of China’s power and emitted nearly 3% of the world’s carbon dioxide in 2017, according to ARE.“China’s …read more […]

Two men opened fire inside a bar in Kansas City, Kansas, early Sunday, killing four people and wounding five others in a shooting believed to have stemmed from an earlier dispute, police said. (Oct. 6) …read more […]

First, high-level trade negotiations between the U.S. and China are expected at the end of the week. Second, the Federal Reserve will be thrust into the spotlight. Several Federal Open Market Committee (FOMC) members are scheduled to speak, and meeting minutes from the FOMC’s September meeting will be released Wednesday. …read more […]

British Prime Minister on Sunday renewed his vow to take the country out of the European Union by the Brexit deadline, in an apparent contradiction of a government pledge in court days earlier to ask for an extension if there’s no withdrawal deal. “We will be packing our bags and walking out on” Oct. 31, Boris Johnson wrote in The Sun on Sunday and Sunday Express newspapers. …read more […]

Moon mining has never been closer, and thanks to a new study, asteroids could soon unlock a “level-up” moment in space exploration …read more […]