Market Pulse - Asia
Tesla drops Nvidia chips from its vehicles
Tesla has started incorporating its vehicles with a self-driving computer designed in-house in a move that will see it transition away from chips supplied by Nvidia.
Asia report: Markets mixed as Trump ends Iran oil sanction waivers
Markets in Asia finished in a mixed state on Tuesday, as investors reacted to rising oil prices after the Trump administration announced an end to waivers of sanctions on oil from Iran.
Barclays says crude oil gains justified after US pushes for zero Iran exports
Analysts at Barclays Research said Washington's decision to "tighten" the screws on Iran would do the same to the oil market, posing a "material" risk to their 2019 oil price forecasts, while increasing the odds of a potential conflict in the Middle East, but not for the longer term.
Brent and WTI futures jump as US scraps sanctions waivers for Iranian oil
Oil prices rose on Monday after the US announced that countries trading with Tehran must end all imports of crude from Iran or face sanctions.
China prepping new stimulus package, says Bloomberg
Chinese officials appear to be preparing a stimulus package as they aim to improve sales of items such as cars and electronics after the nation's economy showed signs of reinvigoration on Wednesday.
RBC reiterates 'sector perform' rating on BHP despite disappointing quarter
Analysts at RBC Capital Markets reiterated their 'sector perform' rating on BHP following "another disappointing operational quarter", noting the performance was somewhat already priced in.
US-China deal could give Beijing dangerous trade tool
Treasury Secretary Steven Mnuchin said on Monday that the US agreed with China that the enforcement mechanism of fair trade will be reciprocal, in a move that some observers believed might harm US companies and the World Trade Organization itself.
Huawei criticises US spying claims claiming it 'belittles national security'
Huawei criticised US claims that its 5G network could be used to spy on western governments and said the US administration was being “ignorant of technology” and “belittling” national security concerns with repeated unsubstantiated claims.
Coro Energy leaps following Indonesian gas acquisition
Coro Energy's shares stormed on Tuesday after the company completed its obligations to acquire a 15% working interest in the Duyung production sharing contract (PSC) in Indonesia.
Asia report: Markets higher as US and China start another round of talks
Most markets in Asia finished in the green on Tuesday, with sentiment lifted by another round of trade talks between the US and Japan, although it was tempered by a warning on global trade from the governor of the Bank of Japan.
Asia report: Markets finish mixed, Asiana Airlines handed lifeline
Markets in Asia finished in a mixed state on Monday, as sentiment continued to be relatively stable following the release of particularly strong data from China on Friday.
Asia report: Markets rise as US and China move closer to deal
Markets in Asia finished in a mixed state on Friday, as markets in mainland China fell despite some seriously positive trade data being released.
Large Indian airline Jet Airways on brink of collapse
Major international airline Jet Airways was looking to be on the brink of collapse on Friday, with almost all flights at its primary base in Mumbai being listed as cancelled, or non-operational.
China and US agree on trade enforcement mechanism, says Mnuchin
US Treasury secretary Steven Mnuchin said on Wednesday evening that China and the US have agreed to set up trade enforcement offices in both countries in order to monitor compliance with any trade deal, suggesting that an end to their trade war is close.
Asia report: Markets mixed as Chinese inflation creeps up
Markets in Asia finished in a mixed state on Thursday, as investors watched Britain delay its proposed exit from the European Union yet again, this time to the end of October.
Good weather helps Camellia's annual profits shine
Camellia reported on Thursday that its annual profits and revenues increased following an improved performance from its agricultural division as good weather benefited crop growth.
China inflation jumps in March, but only as expected
Chinese consumer prices picked up in March as food inflation bounced back following a big Lunar New Year induced slowdown during the previous month.
Finablr plans to sell $200m worth of stock in London IPO
Finablr is considering raising $200m through the sale of new shares via an initial public offering on the London Stock Exchange.
China considers ban on bitcoin mining
China's economic planning agency added “virtual currency mining activities” to the list of industries that face a ban in the country.
Asia report: Markets finish mixed after IMF trims global forecast
Markets in Asia ended in a mixed state on Wednesday, as concerns for the health of the global economy grew after the International Monetary Fund took the shears to its growth forecasts.