Bloomberg HSBC Holdings Plc beat profit estimates for the third quarter, delivering an upside surprise as it pared back expected credit losses and signaled it may resume limited dividend payments already for this year. Adjusted pretax profit slid 21% to $4.3 billion in the period, beating the $2.8 billion estimate, the London-based bank said in a statement on Tuesday. HSBC …

Bloomberg Australia’s remaining deferred mortgages tend to have higher loan-to-valuation ratios or are held by people in industries struggling from the pandemic, a Reserve Bank official said. “Non-performing loans to households, which had already risen over past couple of years, are therefore expected to continue to rise over the coming months,” RBA Assistant Governor Michele Bullock, who oversees financial stability, …

Bloomberg Bank of China Ltd. (BOC) plans to expand its headcount in offshore bond business by 40% as it fights with global banks for a greater slice of a market that’s seen a surge in Chinese borrowers. The lender is seeking to add 20 more staff to its offshore bond team over the next five years, Hu Kun, its general …

Bloomberg Access Bank Plc, Nigeria’s biggest lender, started a 50 billion naira ($130 million) fund to help companies recover from violent protests that shuttered businesses across Africa’s largest crude producer. The fund, the first of its kind following the demonstrations, will provide interest-free loans with a two-year tenure, Deputy Managing Director Roosevelt Ogbonna said by phone from Lagos, the nation’s …

Bloomberg US equities were mixed as investors weighed corporate earnings and news of Advanced Micro Devices Inc.’s $35 billion takeover of another chipmaker with concerns about growing virus infections. The dollar slipped. Technology shares were among the best performers after AMD said it would buy Xilinx Inc. Energy shares and financial companies dragged on the major indexes. The S&P 500 …

Bloomberg Ghana is missing out on a rally of African bonds as investors fret about an expansion in spending and borrowing ahead of elections in December. The elevated borrowing to cover the spending shortfall has seen the country’s three-year and longer-dated local bond yields rise on the secondary market even as those of its peers on the continent are falling. …

Bloomberg Oil falls to the lowest in three weeks as the threat of increased Libyan crude output added to concerns that a resurgence of the coronavirus will weaken the global economy. Futures in New York fell as much as 3.7% to below $39 a barrel on Monday. Libya’s daily output has risen to 690,000 barrels from less than 100,000 in …

Manama / WAM Investcorp, a Bahrain-based asset manager which counts Mubadala Investment Company as its biggest shareholder, on Monday announced that it has acquired 32 industrial properties totaling approximately 3.5 million square feet across four major US markets for a total capitalisation of over $280 million. According to the company’s press release, the properties grow Investcorp’s wider US industrial real …

Bloomberg The Reserve Bank of India (RBI) is making longer-tenor sovereign bonds attractive again. Quantum Mutual Fund has moved to the 10-14 year segment after staying in duration of up to three years in August in its 691 million rupees ($9.4 million) Dynamic Bond Fund. UTI Asset Management Co has turned overweight on bonds maturing in up to 15 years, …

Bloomberg The coronavirus pandemic has led to a slowdown in developing physical infrastructure as countries’ economic health deteriorates, posing a challenge for the Asian Infrastructure Investment Bank (AIIB), its president said. “What worries me, what worries the bank is the deterioration of the economic situation of some of our members,” Jin Liqun said in an interview with Bloomberg Television on …