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Letting businesses write off the cost of investment immediately rather than gradually will bring changes. But best not exaggerate them
We haven't written up this one. Financial Post has the full story — the link below goes straight to it.
Oil product inventories at Fujairah in the UAE dropped 7.8% in the week ended Oct. 5 after falling 20% the previous week, according to Fujairah Oil Industry Zone data published Oct. 7.
China’s independent refiners are purchasing Iraqi oil after a US blockade cut off supplies from Iran, their primary source, while state-owned competitors have secured most available Russian barrels.
Iron ore futures dropped below CNY 700 per ton, reaching their lowest level since September 2024 as Chinese markets reopened after a week-long holiday, with weakening steel margins putting further…
Price adjustments on reopening suggest that the soft expectations built during the holiday are feeding into domestic trading.
UOB strategists Quek Ser Leang and Lee Sue Ann note that USD/CHF price action has been quiet, with the pair expected to stay confined intraday between 0.8310 and 0.8345.
Money transfer app Wise is reportedly negotiating a settlement with the UK's tax authorities over technical errors that led thousands of clients to pay the wrong amount of tax on their investments.
