THE EDGE INSIGHTS
Latest Economic Insights
Economic developments that matter to regional and global markets, analysed daily.
TotalEnergies to Supply 900,000 Tonnes of LNG a Year to Jiangsu Guoxin
TotalEnergies has signed a Heads of Agreement to supply Jiangsu Guoxin Group, a provincial state-owned energy company in China, with 900,000 tonnes of LNG a year for 15 years. For TotalEnergies' shareholders and for China's…
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Fitch Turns BNP Paribas' Outlook Negative, Affirms AA- Rating
Fitch Ratings revised BNP Paribas' outlook to Negative from Stable on Tuesday and affirmed its AA- rating, carrying its 30 October move…
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Shell to Sell North West Shelf Stake to ADNOC's XRG for $1.45 Billion
Shell has agreed to sell its 16.67% non-operated interest in Australia's North West Shelf project to subsidiaries of ADNOC's XRG for $1.45…
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Apple Revenue Rises 12% to a September-Quarter Record of $114.5bn
Apple's revenue rose 12% to a September-quarter record of $114.5 billion in its fiscal fourth quarter, the company said, and the iPhone…
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Oracle's $10bn Notes Rated BBB, Baa2 and BBB- by Three Agencies
Oracle's $10bn note offering drew investment-grade ratings from Fitch, Moody's and S&P Global Ratings on 2 November; Fitch and Moody's also affirmed…
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BP Completes Castrol Sale to Stonepeak, Raising $6 Billion
BP has completed the sale of a 65% stake in Castrol, its lubricants business, to infrastructure investment firm Stonepeak, raising $6 billion…
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TSMC's $265bn Arizona Build Lifts Phoenix Property, Bloomberg Says
TSMC's $265bn chipmaking campus in north Phoenix is driving a property boom across the city's northwest suburbs, Bloomberg reported on Sunday, as…
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S&P Turns Meta's Outlook Negative, Sees 2027 Capex Above $225bn
S&P Global Ratings revised its outlook on Meta Platforms to negative from stable on 30 October and affirmed its AA- rating, forecasting…
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Alibaba's Qwen Joins Apple Intelligence in China From December
Apple will bring the first Apple Intelligence features to iPhone users in China with iOS 27.3 in December, adding Alibaba's Qwen model…
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Binance Starts Phased Withdrawals, Covers an Estimated 95%
First published on 30 October at 18:56 GMT; updated on 31 October at 18:01 GMT with the company's updates of 30 and…
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ExxonMobil Third-Quarter Earnings Double to $15.4 Billion
Two oil majors reported third-quarter results on 30 October: ExxonMobil's earnings more than doubled from a year earlier to $15.4 billion, and…
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Eli Lilly Third-Quarter Revenue Rises 39% to $24.4 Billion
Eli Lilly raised its 2026 revenue guidance by $5.5 billion at the midpoint on 29 October, after third-quarter revenue rose 39%, driven…
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BYD Third-Quarter Profit Rises 28.1% to RMB 10.02 Billion
BYD's net profit attributable to shareholders rose 28.1% in the third quarter, the carmaker's unaudited report shows, while nine-month profit stayed below…
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Amazon Q3 Operating Income Rises 61% to $28.1bn, AWS Up 39%
Amazon's operating income rose 61% to $28.1bn in the third quarter, at what the company called its highest operating margin ever, as…
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Cheniere Lifts Q3 Revenue 39% and Raises 2026 EBITDA Guidance
Six large US-listed companies filed third-quarter results with the US Securities and Exchange Commission on 29 October; Cheniere Energy raised its 2026…
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QatarEnergy Secures 3 Million Tonnes a Year of Woodside US LNG
QatarEnergy has signed a 20-year agreement to buy 3 million tonnes a year of liquefied natural gas from Woodside Energy's Louisiana LNG…
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Shell Q3 Adjusted Earnings Up 99%, TotalEnergies Adjusted $9.1 Billion
Two European oil majors reported third-quarter results on 29 October: Shell's adjusted earnings almost doubled from a year earlier to $10.8 billion,…
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Volkswagen Nine-Month Operating Result Falls to €71 Million
Volkswagen Group's nine-month operating result fell to €71 million from €5.4 billion a year earlier, mainly on special items led by a…
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Societe Generale Q3 Net Income Rises 24.1% to €1.89 Billion
Among European banks reporting on 29 October, Societe Generale lifted third-quarter group net income 24.1% to €1.89 billion, which the French bank…
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Japan Results: Takeda Operating Profit Jumps 60.4% in First Half
Five large Japanese companies reported results on 29 October, led by Takeda Pharmaceutical, whose first-half operating profit jumped 60.4% to JPY 406.7…
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Samsung Chip Unit Earns KRW 106.5 Trillion, SK hynix Margin at 80%
Samsung Electronics' semiconductor division earned KRW 106.5 trillion, or $79.6 billion, of operating profit in the third quarter, nearly all of the…
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Oracle Sets $225bn+ FY30 Revenue Goal and Caps New Raises at $20bn
Oracle set a goal of at least $225bn in total revenue for fiscal 2030 at its Investor Day on 28 October, and…
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Microsoft Revenue Rises 19% as Azure Growth Reaches 48%
Microsoft's revenue rose 19% to $92.3bn in its fiscal first quarter to 30 September, as growth at its Azure cloud platform quickened…
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Alphabet Q3 Revenue Rises 25%, Net Income to Common Falls 25%
Alphabet's third-quarter revenue rose 25% to $127.6bn, yet net income available to common stockholders fell as a loss on equity securities replaced…
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Mercedes-Benz Lifts Q3 Net Profit to €1.52 Billion After Outlook Cut
Mercedes-Benz lifted third-quarter net profit to €1.52 billion on Wednesday, a day after cutting its 2026 car margin guidance, while Stellantis narrowed…
Read more →BNP Paribas Lifts Q3 Net Income 13.5% to €3.46 Billion
BNP Paribas lifted third-quarter net income 13.5% to €3.46 billion on Wednesday, and UBS, Santander, Deutsche Bank and Standard Chartered also reported…
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Visa Profit Rises 18 Percent in Its Fiscal Fourth Quarter
Visa earned 6.0 billion dollars in its fiscal fourth quarter to 30 September, up 18 percent from a year earlier, as net…
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HSBC Q3 Pre-Tax Profit Rises 32 Percent on Lower Legal Costs
HSBC Holdings reported profit before tax of 9.6 billion dollars for the third quarter of 2026, up 2.3 billion dollars or 32…
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US AI Firm Anthropic Files for Nasdaq IPO, Revenue Up 1,300 Percent
Anthropic, the developer of the Claude artificial intelligence models, has filed to list its Class A shares on the Nasdaq Global Select…
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SpaceX Commits to an Estimated 40 Billion Dollar GPU Lease
SpaceX expects to pay principal of an estimated 40 billion dollars under a master finance lease for graphics processing unit pods, according…
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American Express Profit Up 28 Percent; Union Pacific, Newmont Grow
American Express lifted third-quarter net income 28 percent to 3.71 billion dollars. Revenue rose 9 percent to 20.06 billion dollars. The company…
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Eni More Than Doubles Q3 Adjusted Profit to 2.8 Billion Euros
Eni more than doubled its third-quarter adjusted net profit to 2.8 billion euros, from 1.2 billion a year earlier. The Italian group…
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L'Oréal Hits 35.33 Billion Euros in 9 Months, Puig Posts Record Q3
L'Oréal's sales reached 35.33 billion euros in the nine months to 30 September 2026, up 6.9 percent like-for-like and 7.7 percent as…
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Luxury Q3: Hermès Up 5.5 Percent, Kering's Gucci Down 4 Percent
Hermès lifted third-quarter sales 5.5 percent as reported, to 4,096 million euros. Kering's revenue was stable as reported at 3,345 million euros,…
Read more →QatarEnergy Adds Up to 4 Million Tonnes a Year of Cheniere LNG
QatarEnergy has signed 2 long-term agreements to buy up to 4 million tonnes a year of liquefied natural gas from Cheniere's Sabine…
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Lockheed Backlog Hits 292 Billion Dollars as P&G Sales Rise 4 Percent
Lockheed Martin ended its third quarter with a record order backlog of 291.98 billion dollars, it reported on 22 October. Third-quarter sales…
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Barclays Q3 Profit Rises 13 Percent to 1.65 Billion Pounds
Barclays made an attributable profit of 1,646 million pounds in the third quarter of 2026. That was 13 percent more than the…
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- Europe Market Wrap 19 October: All Nine Indices Fall as France’s Fiscal Worries Spread
- Europe Market Wrap 9 October: All Nine Indices Rise as Basic Resources Jump 2.99 Percent
- US Market Wrap 12 October: The Dow Alone Rises 0.38 Percent as the Nasdaq 100 Falls 0.71 Percent
- Europe Market Wrap 16 October: All Nine Indices Rise to Cap the Stoxx 600’s Best Week Since June
- Asia Market Wrap 7 October: All Eight Indices Fall as Seoul Drops 1.98 Percent