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Iranian foreign minister Araghchi held a phone call with Brazil's foreign minister to discuss key regional issues and recent international developments.

2026-10-20

Iranian foreign minister Araghchi held a phone call with Brazil's foreign minister to discuss key regional issues and recent international developments.

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2026-10-20

London Metal Exchange (LME): Tin inventories decreased by 25 tons, lead inventories decreased by 3,925 tons, aluminum inventories decreased by 150 tons, nickel inventories increased by 756 tons, copper inventories increased by 1,625 tons, and zinc in

London Metal Exchange (LME): Tin inventories decreased by 25 tons, lead inventories decreased by 3,925 tons, aluminum inventories decreased by 150 tons, nickel inventories increased by 756 tons, copper inventories increased by 1,625 tons, and zinc inventories increased by 3,275 tons.
2026-10-20

Haitong International cut its target price for Tencent Holdings (00700.HK) 2% to HK$470 and kept an Outperform rating. It forecasts Q3 revenue of RMB210.2bn, up 9% YoY, and adjusted operating profit of RMB68.8bn, down 5% YoY, attributing the decline

Haitong International cut its target price for Tencent Holdings (00700.HK) 2% to HK$470 and kept an Outperform rating. It forecasts Q3 revenue of RMB210.2bn, up 9% YoY, and adjusted operating profit of RMB68.8bn, down 5% YoY, attributing the decline to AI-related depreciation and product investment recorded in cost of revenue and opex. Haitong projects 2026 revenue of RMB823.3bn (+10% YoY) and adjusted net profit of RMB265.5bn (+2% YoY). The broker said AI remains Tencent’s strategic investment priority; near-term depreciation will weigh on results but management is expected to deploy capital with discipline rather than automatically accelerating quarterly spend. The PT cut reflects reduced EPS forecasts.
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