Wealth Manager Mirabaud Plans to Triple Brazil Assets in Two Years
Swiss wealth manager Mirabaud plans to triple the amount of money it manages in Brazil in the next two years as it grows its presence in Latin America’s biggest economy.
Bloomberg Top News
Oil Steadies Near $91 With US Seeking to Contain Mideast Crisis
Oil held steady near $91 a barrel as traders watched for an expected ground offensive by Israel into the Gaza Strip and the US stepped up diplomatic efforts to stop the conflict spreading more widely.
Schwab’s Net Interest Revenue Falls 24% From Client Cash Moves
Charles Schwab Corp. reported Monday that its net interest revenue sank 24% to $2.2 billion from the year prior as clients moved cash into higher-yielding products.
Ambani’s Finance Unit Posts Profit Jump in Its Debut Earnings
Jio Financial Services Ltd.’s quarterly profit doubled in its first set of earnings since it was spun out of Reliance Industries Ltd. as part of founder-owner Mukesh Ambani’s plans to extend his dominance to India’s finance sector.
Israel Latest: Biden Considers Israel Trip in Bid to Contain War
US President Joe Biden is considering a trip to Israel as part of a global diplomatic push to prevent the war from spreading in the Middle East. Efforts also saw US Secretary of State Antony Blinken return to Israel Monday, following talks with Arab officials, and German Chancellor Olaf Scholz prepare for a visit Tuesday.
HDFC Bank Posts $1.91 Billion in Profit, Beats Expectations
HDFC Bank Ltd., India’s largest private sector lender, kicked off the earnings season for the nation’s banks with an increase in profit that topped expectations.
China’s Tsingshan Gets Access to Chilean Lithium in Battery Metal Race
China’s Tsingshan Holding Group will invest $233 million in a project to make value-added lithium products in northern Chile as the race accelerates for metals critical to the energy transition.
Five Key Charts to Watch in Global Commodities This Week
The world is watching as the Israel-Hamas war intensifies, threatening to disrupt the global economy as well as flows of commodities, including oil. Elsewhere, aluminum producer Alcoa Corp. is set to report quarterly earnings on Wednesday after the close of trading and soybeans look to build on last week’s gain.
WeWork Names David Tolley Permanent CEO
WeWork Inc. named David Tolley chief executive officer, replacing Sandeep Mathrani, who stepped down in May.
New York Manufacturing Contracts on New Orders, Shipments
A measure of New York state factory activity contracted in October, reflecting a pullback in demand and suggesting a slowing in inflationary pressures.