Cargo Plane Slides Off Hong Kong Runway, Killing 2 Ground Crew

Hong Kong's unemployment rate has risen to 3.9% for the period of July to September, reflecting ongoing economic challenges in the region. This increase is concerning as it indicates a slowdown in job creation and could impact consumer confidence and spending. Understanding these trends is crucial for policymakers and businesses as they navigate the economic landscape.

Hong Kong's unemployment rate has risen to 3.9% for the July to September period, reflecting ongoing economic challenges in the region. This increase is concerning as it indicates a slowdown in job creation and could impact consumer confidence and spending. Understanding these trends is crucial for policymakers and businesses as they navigate the economic landscape.

The CEOs of Goldman Sachs and Morgan Stanley are set to attend the upcoming finance summit in Hong Kong, which comes at a time when US-China tensions are flaring up and global banks are facing significant credit losses. This summit is crucial as it gathers key financial leaders to discuss pressing issues affecting the global economy, making it a pivotal moment for collaboration and strategy amidst challenging circumstances.

A tragic accident involving a Boeing 747-400 cargo plane in Hong Kong has resulted in the deaths of two individuals. The aircraft had just taken off from Dubai's Al Maktoum International Airport when the incident occurred. This news is significant as it highlights the ongoing risks associated with air cargo operations and raises questions about aviation safety protocols.

As the trade war between the U.S. and China continues to simmer, all eyes are on the upcoming talks between President Trump and President Xi. Bloomberg's coverage from Tokyo and Hong Kong provides essential insights into how these discussions could impact global markets. Understanding the dynamics of these negotiations is crucial for traders and investors alike, as they could signal shifts in trade policies that affect economies worldwide.

China's Sany Heavy Industry is making headlines as it seeks to raise up to $1.6 billion through a listing in Hong Kong. This move is significant as it reflects the company's ambition to expand its operations and strengthen its position in the global market. Investors are keenly watching this development, as it could signal a resurgence in the Chinese manufacturing sector and attract more foreign investment.

Contemporary Amperex Technology Co. is experiencing a narrowing premium in Hong Kong compared to its mainland shares, which indicates a growing sense of caution among global investors as they await the company's third-quarter earnings results. This trend matters because it reflects investor sentiment and could impact the company's market performance moving forward.

Cleveland-Cliffs is experiencing a surge in demand for its steel products, thanks in part to favorable trade policies from the Trump administration that support U.S. manufacturing. The company is also looking to diversify its operations by exploring the production of rare-earth minerals, which are crucial for various high-tech applications. This move not only strengthens its market position but also highlights the growing importance of domestic production in the face of global supply chain challenges.

Kering has announced a significant $4.7 billion deal to sell its beauty business to L’Oréal, marking a strategic move by the new CEO, Luca de Meo, to rejuvenate the company's performance. This sale is crucial as it allows Kering to focus on its core luxury brands while L’Oréal expands its portfolio in the beauty sector. Such a transaction not only reflects the evolving landscape of luxury and beauty but also highlights Kering's commitment to strengthening its market position.

Amazon's AWS experienced significant disruptions, leading to outages for hundreds of websites for several hours. This incident highlights the vulnerability of online services that rely on cloud infrastructure, affecting businesses and users alike. The impact of such outages can be far-reaching, causing loss of revenue and frustrating users who depend on these platforms for daily activities.

Crude oil prices are continuing to decline due to concerns over supply and demand. Factors such as weak growth projections, the ongoing energy transition in China and the EU, and tensions from U.S.-China tariffs are contributing to this negative outlook. This matters because fluctuations in oil prices can significantly impact global economies and consumer behavior.

Merck has released long-term data demonstrating that its cancer treatment, KEYTRUDA, continues to provide significant survival benefits for patients with lung cancer. This is important because it reinforces the effectiveness of KEYTRUDA as a vital option in cancer therapy, potentially improving the quality of life for many patients facing this challenging disease.

Abbvie's stock price target has been raised to $258 from $240 by BMO Capital, reflecting growing confidence in the company's future performance. This adjustment is significant as it indicates analysts' optimism about Abbvie's potential for growth and profitability, which could attract more investors and positively impact the stock market.