Stock Market

The company reported a third-quarter adjusted loss of -$0.06 per share, $0.01 worse than the analyst estimate of -$0.05. Revenue for the quarter came in at $128 million, slightly below the consensus estimate of $128.09 million, representing an 18% increase YoY.

Crude oil for December delivery was up 1.84% or 1.28 to $70.77 a barrel. Elsewhere in commodities trading, Brent oil for delivery in January rose 1.70% or 1.24 to hit $74.34 a barrel, while the December Gold Futures contract fell 0.00% or 0.10 to trade at $2,749.10 a troy ounce.

Crude oil for December delivery was up 0.52% or 0.36 to $68.97 a barrel. Elsewhere in commodities trading, Brent oil for delivery in January rose 0.51% or 0.37 to hit $72.53 a barrel, while the December Gold Futures contract fell 0.22% or 6.15 to trade at $2,794.65 a troy ounce.

ANZ Group has unveiled an organisational overhaul, with an aim to streamline operations and enhance data analytics, the Australian lender said on Wednesday as it sought to address regulatory woes surrounding its oversight of certain operations.

German airline group Lufthansa reported on Tuesday a year-on-year fall in its operating profit in the third quarter, as its flagship brand struggles with low yields, competition with international airlines and spiralling costs.

Japanese stocks rose on Monday as the yen careened to a three-month low after Prime Minister Shigeru Ishiba’s coalition lost its parliamentary majority in a drubbing in Sunday’s election, raising uncertainty over the path for policy and the economy.

Shanghai Power Asset Management Co has apologised to investors and shut its arbitrage strategy after heavy losses, the latest China hedge fund bruised by wild gyrations in the market since authorities vowed to support the economy and hit growth targets.

Investors will study a raft of preliminary Purchasing Managers’ Index readings from the major eurozone countries during Thursday’s session, amid concerns about the region’s growth prospects.

The International Monetary Fund on Tuesday said the German economy, Europe’s biggest, would stagnate this year, cutting its forecast from 0.2% growth previously.

Hyundai Motor India shares fell as much as 7.6% in their market debut on Tuesday after a tepid response from retail investors to the country’s largest initial public offering on concerns the price was set too high and an auto industry slowdown.