Market Pulse - Asia
Foxconn surprises as revenues tumble
Taiwan’s Foxconn, the world’s largest contract manufacturer and a key Apple supplier, has reported a heavier-than-expected slide in quarterly profits.
Brent futures jump after drone attack against Saudi pipeline
Crude oil futures popped higher on Tuesday after the Saudi energy minister said that oil installations in the east of the country had been attacked by armed drones and reiterated a call to action against Iranian-backed Houthi rebels in Yemen.
WhatsApp urges users to update following cyber attack
WhatsApp has urged users to update to the latest version of the app after finding that hackers have been able to exploit a vulnerability and install surveillance software through the messaging app.
Rio Tinto boss says miners must respond to pressure for change
Rio Tinto's boss has warned the mining industry needs to adapt or have change forced on it as pressures intensify.
Asian stock markets fall as Trump hardens stance against China
US President Donald Trump defended his decision to raise tariffs on China putting, keeping investors on edge and contributing to losses for Asian stocks on Tuesday.
BHP CEO predicts strong future under all scenarios
BHP's chief executive said his company had a strong future no matter how climate change and other developments play out.
China approves $60bn-worth of retaliatory tariffs on US goods
China will raise tariffs on $60bn-worth of US exports in retaliation for the latest decision from Washington to increase levies on $200bn of Chinese goods from 10% to 25%.
Trump warns China not to retaliate as trade war escalates
Tensions between Washington and Beijing were put in sharp focus on Monday after a series of tweets by Donald Trump aimed at Chinese counterpart President Xi.
Bitcoin climbs past $7,000 and hits nine-month high
Bitcoin has climbed past $7,000, reaching its highest price since September on the back of an extended rally that has seen it surge by more than $1,000 over the weekend.
Week ahead: Vodafone and Burberry report; UK jobs data and US retail sales eyed
Next week sees the release of results from the likes of Vodafone, Tui and Burberry, while investors will also be keeping an eye out for the latest UK jobs data, US retail sales and the German ZEW survey.
Asia report: Most markets higher even as Trump hikes tariffs
Markets in Asia were mostly higher on Friday, as investors remained upbeat even after Washington made good on its promise to hike tariffs on Chinese goods overnight.
Trump prepares to increase tariffs on China on Friday as negotiations resume
The US administration is moving ahead with preparations to increase its tariffs on Chinese exports on Friday even as the negotiating team from Beijing arrives in Washington for two days of talks.
Asia report: Markets mostly lower as investors agitate over trade
Markets in Asia finished in the red on Thursday, as investors kept their wallets tentatively closed as US President Donald Trump continued to fan the flames of trade tension with China.
Thursday preview: China CPI, BT Group
Markets' focus on Thursday will continue to be very much on all things China as the country's National Bureau of Statistics releases a report on consumer prices covering the month of April.
Asia report: Most markets fall on trade concerns, RBNZ cuts interest rate
Most markets in Asia finished in the red on Wednesday as trade concerns continued to weigh on sentiment, though New Zealand shares rallied after that country’s central bank slashed interest rates.
Europe midday: Stocks slip amid negative news on US-China talks, Italian politics
Stocks on the Continent are trading slightly lower, amid reports that Beijing is backtracking on trade commitments with the US and reports of tensions in the Italian government.
China foreign trade data for April paints mixed picture of the economy
Chinese export growth fell back unexpectedly last month and while an acceleration in imports pointed to an improvement in the domestic economy, economists were somewhat divided on the strength one could expected of any rebound.
Iran drops key commitments under 2015 nuclear deal
Iran announced on Wednesday that it would drop two of the key commitments that it entered into as part of the 2015 nuclear deal in response to America's withdrawal and its decision to reinstate sanctions on the Islamic Republic.
China reneges on multiple aspects of draft trade agreement
The White House received a diplomatic cable from Beijing late on Friday night containing systematic edits to the pair's nearly 150-page draft trade agreement, threatening to undo months of negotiations between the world's two largest economies.
Asia report: Markets mixed after Monday's Trump slump
Markets in Asia finished in a mixed state on Tuesday, after a ‘Trump slump’ on Monday amid renewed tensions between Washington and Beijing.