1. Standard Chartered Plans Capital Raising, Job Cuts:
Standard Chartered PLC unveiled a major overhaul of its operations on Tuesday. The bank intends to raise $5.1 billion in rights issue and cut 15,000 positions by 2018 after swinging to third-quarter loss.
2. Apple expects a blowout fourth quarter, says Morgan Stanley:
Morgan Stanley believes that Apple is expecting $84.4 billion in revenue for the December quarter, 9% higher than current analysts’ consensus.
3. China’s Yuan Weakens Sharply; Japan leads Asian Shares Lower:
China is struggling to turn its economy around in the fourth quarter. The onshore yuan fell as much as 0.4%, marking its biggest one-day depreciation since the days after the devaluation.
4. Crude oil prices remain under pressure from oversupply:
Crude oil futures were pressured on Tuesday by oversupply and worries the dollar will strengthen when the U.S. Federal Reserve eventually raises interest rates.
5. Spanish unemployment figures are coming:
Spanish authorities give an update on employment data in October. The consensus is for a 70,000-strong boost to the employment rate.
6. The UK’s construction PMI data is coming:
The data shows the business conditions in the construction industry. The consensus figure is 58.8, with anything over 50 considered bullish.
7. The U.S. is expanding its VW probe:
The Environmental Protection Agency is increasing the investigation to its Porsche, Audi and other cars from model years 2014 to 2016.
8.George Soros pulled a huge amount of money from Bill Gross’s fund.
Soros Fund Management, which Soros chairs, pulled its roughly $500 million (£300 million) from an account run by bond-investing legend Gross at Janus Capital Group Inc.
9.U.S. construction is booming:
The Commerce Department said spending rose to a seasonally adjusted annual rate of $1.09 trillion (£650 billion).
10.Clash of the Clans is Finland’s biggest export:
Clash of the Clans is Finland’s biggest money-maker, with a revenues nearly 10 times that of Nokia.