Market Pulse - Asia
Asia report: Markets mixed as investors turn to next Fed meeting
Markets in Asia were in a mixed state on Monday, as investors held their breath ahead of the next Federal Reserve meeting in the US, and continued to react to disappointing industrial data out of China on Friday.
Rouble strengthens after Russian central bank cuts rates, as expected
Russia's central bank took back its late 2018 pre-emptive interest rate hike as it revised its near-term forecasts for inflation and economic growth lower, leaving the door open to a another rate cut at one its next board meetings and a possible shift to a "neutral" policy before mid-2020.
Broadcom warns on impact of trade uncertainty, Huawei restrictions
US chip maker Broadcom turned cautious on the outlook for the back half of 2019 on Thursday, citing the "continued geopolitical uncertainties" and the impact of export restrictions on one of its largest customers, presumably Chinese telecoms equipment manufacturer Huawei.
Europe midday: Stocks down on geopolitical worries, tech and basic resources weakest
Stocks are moving lower at the end of the week, weighed down by a spate of mixed readings on the Chinese economy for the month of May and amid heightened tensions in the Persian Gulf.
Asia report: Markets mixed as investors hold their breath over Gulf tensions
Markets in Asia were in a mixed state as they closed on Friday, as Middle East tensions took a front seat following attacks on two tankers in the Gulf of Oman.
Brent crude oil futures jump on reports of tanker on fire in Sea of Oman
Crude oil futures jumped on the back of reports that two oil tankers off the coast of Fujairah, in the Sea of Oman, were on fire.
Trump doesn't specify deadline for new tariffs on China
US President Donald Trump declined to set a deadline on Wednesday for the latest tariffs he is planning to impose on Chinese goods.
Commodities: WTI, copper slip amid trade tensions and rising US dollar
Energy futures slid on Wednesday amid the ongoing trade stand-off between the US and China and against the backdrop of a strengthening US dollar.
UK government commits to net zero carbon emissions by 2050
The UK has committed to reach net zero carbon emissions by 2050 and will become the first G7 country to legislate the proposal.
Trump urges China to adhere to already agreed terms on trade or risk more tariffs
President Donald Trump said that China must adhere to the terms of the trade deal that it had agreed to earlier in 2019 or risk a no-deal and higher tariffs.
China CPI picks up in May, but underlying inflation muted
Consumer level inflation in China picked up last month as pork prices increased at their fastest pace for 35-months, but underlying price pressures in fact slowed, pointing to still lacklustre demand, according to analysts.
UK telcos urge government to clarify position on Huawei
UK phone firms have urged the government to clarify its position over Huawei, warning that Britain's world leading position in mobile connectivity could be at stake.
Investors positioning for a likely recession in Germany, Sentix says
Investor sentiment towards nearly all regions soured last month, after US-China trade tensions escalated, and could drag Germany into recession, according to the results of a widely-followed survey.
Asia report: Asian markets rise as Chinese stimulus overshadows Trump threats
Asian markets made strong gains on Tuesday despite China facing fresh tariff threats from President Trump, who said he was confident Beijing would sign a trade deal because of the danger of US levies.
UK government funding fossil fuels abroad
Environment committee finds UK MPs are sabotaging its fight against carbon emissions by selling billions of pounds overseas to fund power plants that burn fossil fuels.
Trump threatens China with more tariffs if Xi refuses meeting at G20
US President Donald Trump threatened China with a further hike in tariffs if President Xi Jinping refused to meet with him at the upcoming G20 summit in Japan.
UK and South Korea reach preliminary post-Brexit trade deal
The UK and South Korea have reached a preliminary post-Brexit trade agreement, marking the first major deal struck with an Asia nation since the 2016 referendum.
Week ahead: Chinese data, G-20 finance ministers meeting in focus
The focus over the coming week will be on a barrage of data out of the People's Republic of China, as investors try to better gauge how the Asian giant is coping with the ongoing slowdown and trade tensions.
Russian destroyer nearly collides with American cruiser in Philippine Sea, US Navy says
A Russian destroyer nearly collided with an American guided missile cruiser in the Philippine Sea overnight.
Toyota aims to launch two ultra-compact electric vehicles by 2020
Toyota is aiming to get half of its global sales from electric vehicles by 2025 and is looking to launch two two-seater ultra-compact electric vehicles by next year.