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Muted market reaction to Saudi oil attacks underlines investors’ habit to underprice geopolitical risks

Abdulaziz bin Salman (centre), Saudi Arabia’s energy minister, speaks during a news conference on September 17. The weekend attacks on the kingdom eliminated about 5 per cent of global oil supply and raised the risk of more conflict in the region, propelling Brent crude prices to a record surge on Monday. Photo: Bloomberg Source link

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Citigroup says cuts in Fed rates, global recession risks could propel gold above US$2,000  

Gold prices may rally to a record above US$2,000 an ounce in the next two years, according to Citigroup, which gave a laundry list of positive drivers including rising risks of a global recession and the likelihood that the Federal Reserve will reduce interest rates to zero.“We expect spot gold prices to trade stronger for longer, possibly breaching US$2,000 an ounce and posting new cyclical highs at some point in the next year or two,” analysts including Aakash Doshi said in a note received on… Source link

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Global 

Index compiler MSCI buys Zurich-based climate research firm to evaluate global-warming risks for investors

MSCI, the global index compiler, said its subsidiary has agreed to buy out a climate analytics firm to help investors better understand the impact of climate change on their investments.Carbon Delta, a Zurich-based firm founded in 2015, will strengthen MSCI’s modelling technology that analyses climate scenarios and evaluates physical risks, the New York-based index compiler said in a statement on Monday. A new metric, MSCI Climate Value-at-Risk, will be introduced to calculate the impact of… Source link

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Vietnam 

VN stocks fall as worries over potential risks increase – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  An Eximbank office. The bank shares slipped 1.2 per cent on Wednesday morning. — Photo tienphong.vn HÀ NỘI — Vietnamese shares declined on Wednesday morning, dragged by the banking and realty sectors as investors worried about increasing risks. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange fell 0.26 per cent to close at 976.78 points. The VN-Index was down 0.48 per cent on Tuesday as the stock market re-opened after the Independence Day holiday. According to VNDirect Securities Corp (VNDS), the market is at risk now as investors worry…

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China seeks to change economic landscape as Donald Trump escalates US decoupling risks

President Xi Jinping made two strategic decisions this week that could redefine China’s economic landscape in the coming decades as risks of decoupling from the United States continue to rise.China should first focus its domestic economic efforts on activities in “central cities and city clusters”, a major shift from the traditional idea of even distribution across big and small cities.Xi also called for an upgrading of China’s industrial supply networks to forge value chains that are … Source link

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Stocks Blog: Earnings, US-China trade war confusion offer traders opportunities, risks

Good day, traders — We have lots of earnings of mainland-listed and Hong Kong-listed companies coming out today, offering opportunities and risks. They come out amid confusing signals from Washington on the trade war. Meanwhile, the ongoing protests in Hong Kong have further dampened trading sentiment in stocks traded in the city. We’ll be watching the markets closely for you, keeping you up on the latest big moves and news, as well as bringing you insights from top analysts. If you have… Source link

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Vietnam 

Banks warned about risks of real estate corporate bonds – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    The State Bank of Việt Nam’s headquarters in Hà Nội. The central bank has instructed local banks to better control risks in corporate bond investment. Photo SBV HÀ NỘI The State Bank of Việt Nam (SBV) has instructed local banks to better control risks in corporate bond investment, especially bonds of real estate firms. According to the SBV, after reviewing the business performance of banks in the first half of this year, it saw the corporate bond investment of some banks facing risks as the ratio of such…

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AIA’s first-half new insurance sales rise 20 per cent, as more Chinese customers seek to hedge their risks amid turbulent times

AIA Group, the world’s second-largest insurer by value, posted a 20 per cent rise in new business for the first half of the year, bolstered by sales of insurance policies to mainland Chinese customers.New business rose to US$2.27 billion in the first six months, from US$1.95 billion in the same period last year, lifted by sales in its main markets of mainland China and Hong Kong, according to a filing to the Hong Kong stock exchange. Net profit more than doubled to US$3.86 billion, beating a… Source link

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China 

China’s banks resisting calls for more loans to firms due to rising default risks, lower demand due to trade war

China’s efforts to boost lending continue to struggle with many banks only willing to lend on a short-term basis due to concerns about creditworthiness, with corporate demand for credit declining at the same time due to the slowing economy and the effects of the trade war with the United States.Loan data for July released earlier this week was disappointing, with the levels of new bank lending and overall credit supply – also known as total aggregate financing – falling below expectations at 10… Source link

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China 

‘Risks still too big’ for China to send in troops to quell Hong Kong unrest

The unrest in Hong Kong does not yet warrant direct intervention by Beijing despite hardening public sentiment and calls for tougher action in mainland China, according to Chinese government advisers.Shi Yinhong, an international relations expert at Renmin University and an adviser to the State Council – China’s cabinet, said China would risk damaging its ties with the United States and other major foreign powers, upsetting its own development and losing Hong Kong’s special status if it took… Source link

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