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Chevron (CVX.N) CEO: buffers in oil and fuel supplies are shrinking; the supply system is more fragile than at the start of the Middle East conflict.

2026-10-06

Chevron (CVX.N) CEO: buffers in oil and fuel supplies are shrinking; the supply system is more fragile than at the start of the Middle East conflict.

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2026-10-06

HKMA chief Eddie Yue said last month’s Fed rate hike — the first in three years — widened the HK–US rate gap and contributed to HKD softening. The HKD traded around 7.8300–7.8380 in April–May then weakened from mid‑June to about 7.8460–7.8475, approa

HKMA chief Eddie Yue said last month’s Fed rate hike — the first in three years — widened the HK–US rate gap and contributed to HKD softening. The HKD traded around 7.8300–7.8380 in April–May then weakened from mid‑June to about 7.8460–7.8475, approaching the weak‑side convertibility undertaking at 7.85 per USD. Yue cited two main drivers: carry trades prompted by the wider rate differential and a drop in HKD demand linked to the equity market. Near‑term currency moves will depend on capital market activity, appetite for carry trades, local liquidity and the Fed policy outlook. If the HK–US rate gap stays wide, the linked exchange rate system’s automatic rate adjustment could push the HKD weaker and potentially trigger the weak‑side convertibility undertaking, which would lower banks’ aggregate clearing balances and lift Hibor — stabilizing the rate within the 7.75–7.85 band; timing of any The trigger is uncertain.
2026-10-06

The Kremlin said remarks by a senior German intelligence official appear to be a tactic to justify defense spending.

The Kremlin said remarks by a senior German intelligence official appear to be a tactic to justify defense spending.
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