News

India's Trade Secretary: Expects a successful trade agreement between India and the US soon.

Indian Trade Secretary: Trade negotiations with the United States are progressing well, and the two teams are in contact.

India's Trade Secretary: Under the India-UK trade agreement, India will fulfill its tariff reduction commitments on imports of Scotch whisky, based on two different Harmonized System (HSN) codes.

Indian Trade Secretary: The issue of importing bulk Scotch whisky from the UK will be resolved soon.

Southbound capital saw a net inflow of HK$2.333 billion today. In the Shanghai-Hong Kong Stock Connect, Zhipu and Tencent Holdings saw net inflows of HK$700 million and HK$325 million respectively; Alibaba-W saw the largest net outflow at HK$1.047 billion. In the Shenzhen-Hong Kong Stock Connect, Tencent Holdings and Huahong Grace saw net inflows of HK$355 million and HK$83 million respectively; Alibaba-W saw the largest net outflow at HK$832 million.

Indian Trade Secretary: The tax authorities have communicated with stakeholders regarding the import of bulk Scotch whisky from the UK.

British financial services company Peel Hunt predicts that the Bank of England will cut interest rates twice in 2028, each time by 25 basis points, higher than the previously expected single rate cut; the Bank of England's benchmark interest rate is expected to fall to 3.25% by the end of 2028.

British financial services company Peel Hunt maintains its previous view, expecting the Bank of England to cut interest rates twice in the second half of 2027, each time by 25 basis points; it expects the Bank of England's benchmark interest rate to fall to 3.75% by the end of 2027.

Microsoft (MSFT.O): As the company cautiously and gradually restores traffic, service capacity has not yet returned to normal levels, and service performance remains unstable. While service restoration efforts continue, the company is extending the email timeout window to 48 hours to help protect delayed emails.

Microsoft (MSFT.O): Initial signs of stabilization observed.

Microsoft (MSFT.O): (Regarding the outage) is evaluating further mitigation measures to improve recovery speed and consistency.

Nvidia (NVDA.O) shares rose 1.4% in pre-market trading.

Norway's Supreme Court ruled that the government's decision to approve three oil field development projects was invalid, and the environmental organization won the case.

A UK government spokesperson said the impact of the Microsoft (MSFT.O) outage is being assessed and robust contingency plans have been developed to minimize disruption.

IEA Monthly Report: Transportation fuel demand is projected to grow only slightly in 2027 as high oil prices accelerate electrification and fuel efficiency improvements.

IEA Monthly Report: Russia's diesel and diesel distillate exports reached 1.13 million tons in October, of which 240,000 tons were exported to Türkiye and 160,000 tons to Brazil.

Indian trade officials say exports to the US will rise to $59.52 billion between April and October 2026, up from $51.99 billion in the same period last year.

According to Russian reports, the mayor of Rostov-on-Don has declared a state of emergency in the area near the residential buildings damaged by the drone attack.

The IEA monthly oil market report and the UK LME copper, aluminum, and nickel inventory changes up to November 13 will be released in ten minutes.

Irish Prime Minister: The specifics of the Ukraine peace agreement are just as important as who represents Europe.