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Citigroup UK CEO: Citigroup will not leave the UK and remains committed to its development in the UK.

2026-10-20

Citigroup UK CEO: Citigroup will not leave the UK and remains committed to its development in the UK.

Other News
2026-10-20

WTI crude oil futures rose more than 2.00% on the day, currently trading at $100.52 per barrel.

WTI crude oil futures rose more than 2.00% on the day, currently trading at $100.52 per barrel.
2026-10-20

China hog futures main 2701 contract extended losses yesterday, down 2.48% to near 10,000 yuan/ton, marking a record low since listing and a 64% decline from the peak of 28,400 yuan/ton. Nationwide average hog price fell below 10 yuan/kg. GUOTAI JUNA

China hog futures main 2701 contract extended losses yesterday, down 2.48% to near 10,000 yuan/ton, marking a record low since listing and a 64% decline from the peak of 28,400 yuan/ton. Nationwide average hog price fell below 10 yuan/kg. GUOTAI JUNAN SECURITIES said spot hog prices have traded near industry cash cost for six months. Key drivers: accelerated industry consolidation has left large, cash-rich producers delaying capacity cuts versus smallholders; recent improvements in breeding and feed-to-meat efficiency have concentrated a capacity dividend this year; when losses began in Q4 last year many producers kept output expecting a cycle turn, leaving supply pressure into Q4. Medium-term, if the sector remains loss-making into Q3, markets will trim forward spot-supply expectations and, with policy guidance, social and corporate capacity exits could accelerate; if losses persist into Q4 the sector could enter an outsized destocking phase, with supply likely to decline gradually after Q2 2027 and support a subsequent price recovery.
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