Market Pulse - Asia
Serica Energy wraps up acquisitions of North Sea fields
Serica Energy completed its acquisition of the Bruce, Keith and Rhum fields and associated infrastructure in the UK North Sea from BP, leading to the readmission of its shares to AIM after the reverse takeover necessitated their suspension.
Asia report: Markets mixed as investors gear up for Xi-Trump meeting
Markets in Asia finished Friday in a mixed state, just the G20 summit kicked off in Argentina, with investors holding their breath for a positive meeting between China’s Xi Jinping and #US president Donald Trump.
US and China studying trade deal, Journal says
The US and China are studying the possibility of deferring the increase in Washington's tariffs on exports from the Asian giant scheduled for the start of 2019 through the spring, while fresh talks take place to look at "big changes" in Beijing's economic policy.
Trump cancels Putin meeting as Merkel condemns Kremlin
President Trump has cancelled his G20 meeting with Russian President Vladimir Putin, citing the recent confrontation between Russian and Ukrainian vessels in the Sea of Azov. in Argentina with President Vladimir Putin. I look forward to a meaningful Summit again as soon as this situation is resolved! — Donald J. Trump (@realDonaldTrump) November 29, 2018.
Asia report: Most markets higher ahead of Trump-Xi meeting
Most markets in Asia were in the green on Thursday, as investors placed their bets ahead of a crunch meeting between Xi Jinping and Donald Trump on the sidelines of the G20 summit in Buenos Aires.
Putin calls on US to abandon 'unilateral sanctions', says $60 oil 'acceptable'
Russian President Vladimir Putin called on the US to abandon its policy of unilateral sanctions and to instead seek common ground.
Asia report: Most markets higher as sentiment improves ahead of G20
Most markets in Asia were higher on Wednesday, as investors started to show a wee bit more confidence ahead of a landmark meeting between Donald Trump and Xi Jinping later in the week.
US trade deficit on goods rises slightly more than expected in October
America's shortfall on trade in goods with the rest of the world widened last month as export growth slipped.
Commodities: Brent recovers from intra-day lows, G-20 and end-of-year in focus
Commodities came under renewed selling pressure on Tuesday as the US dollar continued to push back towards its 52-week highs, even as traders continued to wonder aloud whether the Organisation for Petroleum Exporting Countries would finally coordinate to reduce its combined output.
No country can win a trade war - China vice premier
China’s vice premier has told an economic conference in Germany that no country can emerge victorious from a trade war.
Asia report: Markets mostly higher after good show on Wall Street
Most markets in Asia finished Tuesday’s session in the green, as investors continued to hold their breath ahead of a meeting between Xi Jinping and Donald Trump over the ongoing trade spat between China and the US.
Nokia shows off 5G tech at live pilot in Singapore
Nokia and StarHub have completed the first outdoor pilot of ‘5G New Radio’ on the 3. 5GHz frequency band in Singapore, it was announced on Tuesday.
ECB 's Draghi expects only slight slowdown in euro area growth
European Central Bank chief Mario Draghi believes that the headwinds buffeting the single currency bloc are only partly transitory, although he expects the Eurozone economy to continue growing at a steady clip.
Toyota Tsusho shows interest in PowerHouse Energy technology
Waste-to-hydrogen technology company PowerHouse Energy Group has received a formal invitation from Toyota Tsusho Corporation of Japan to engage in advanced commercial discussions regarding its ‘DMG’ technology, it announced on Monday.
Credit Bank of Moscow reports rise in nine-month profits alongside sharp drop in NPLs
Credit Bank of Moscow posted a sharp rise in profits for the first nine months of the year even as it cut its non-performing loans sharply.
Asia report: Markets mixed as energy stocks take a beating
Markets in Asia finished in a mixed state on Monday, with energy plays under particular pressure after a serious slump in oil prices.
Commodities: Energy futures heavily discounted on Black Friday
Energy futures continued coming under overhwelming selling pressure at the of the holiday-shortened trading week as investors in the States reacted with a lag to news during the previous session that Saudi output was also running at a record pace in November, alongside that in the US and Russia.
US President and Chinese offcials sound positive note ahead of G-20
The US President and two top Chinese officials made positive sounding remarks regarding the prospects for reaching a deal on trade at the upcoming G-20 meeting in Buenos Aires, Argentina.
Asia report: Most markets lower as sentiment remains depressed
Most markets in Asia finished in the red on Friday, with investors keeping their wallets firmly in their back pockets as geopolitical tensions between Washington and Beijing remained taut.
BP starts production from Shetland's Clair Ridge project
BP is launching its first oil production from the offshore Clair Ridge project in the West of Shetland, more than 40 years after oil was first discovered in the area.