Market Pulse - Asia
Asia report: Most markets finish lower amid Trump threats on China trade
Markets in Asia finished mostly lower on Wednesday, as investors digested fresh developments in the ongoing trade war between the US and China overnight.
Koovs confident for 2020 despite prior year sales drop
Indian fashion retailer Koovs has predicted “significant” growth for its 2020 financial year after a strong showing in the first quarter.
WTO rules against US in pre-trade war dispute with China
The World Trade Organization said some US tariffs on Chinese goods do not comply with its rules and that it will authorise retaliatory sanctions.
IMF's Lipton warns of particularly slow global trade growth
A top International Monetary Fund official warned central banks that they should stand ready to help should economic growth slow even more rapidly.
Asia report: Markets mixed as RBA opens door to interest rate movement
Markets in Asia finished in a mixed state, as investors digested freshly-released minutes from the Reserve Bank of Australia which suggested the central bank was willing to adjust interest rates if economic conditions required it.
Asia report: Markets mixed as China GDP growth slows further
Markets in Asia finished in a mixed state on Monday, as investors reacted to fresh GDP data from China which suggested a seriously slow rate of growth for the world’s second-largest economy.
Trump considers removing Wilbur Ross following Supreme Court defeat
Donald Trump has allegedly told aides and close allies that he was contemplating removing Commerce Secretary Wilbur Ross after he backed down from adding a contentious question on citizenship to the 2020 census, according to NBC News.
Huawei is set to lay off hundreds of US workers after blacklisting
Chinese technology giant Huawei is preparing lay offs for hundreds of American workers as it struggles with the US administration’s recent blacklisting.
Iran demands return of tanker as UK sends second frigate to Gulf
Iran demanded the UK release an oil tanker seized in Gibraltar last week and warned Britain was playing a “dangerous game” as the Royal Navy prepared to send a second warship to the region.
Asia report: Most markets higher as China export data beats forecasts
Most markets in Asia finished higher on Friday, as fresh data out of China showed the country’s export numbers declined less than expected in June.
China's Fosun to invest £750m in debt-ridden Thomas Cook
British travel firm Thomas Cook announced on Friday that it was in "advanced discussions" with Chinese conglomerate Fosun and multiple banks regarding a £750m capital injection and the break-up of the group.
Weak imports boost Chinese trade surplus in June
China's foreign trade surplus continued to increase last month as weak domestic demand weighed on the country's imports more than anticipated.
Ashmore's quarterly AuM grow by lower than expected $6.5bn in Q4
Global fund management group Ashmore saw its assets under management jump again during the fourth quarter of its trading year, albeit by less than expected by some analysts and with market performance accounting for a larger proportion of the improvement than anticipated.
Asia report: Markets mostly higher after Powell testimony
Markets in Asia mostly finished in the green on Thursday, as investors reacted to a suggestion from Federal Reserve chair Jerome Powell that the US central bank could still be cutting interest rates in the near future.
Jefferies backs Boeing despite slide in deliveries
Jefferies has reiterated its ‘buy’ recommendation on Boeing, despite a slump in second-quarter deliveries that left rival Airbus poised to overtake the US company as the world’s biggest plane manufacturer.
Asia report: Most markets higher ahead of Powell testimony
Most markets in Asia finished higher on Wednesday, as traders eagerly awaited the start of Jerome Powell’s semi-annual testimony in front of the House Financial Services Committee in the United States.
Trump and Xi talked by phone on Tuesday, no details reported
The Presidents of the US and China held a telephone call on Tuesday, the first since the G20 leaders' summit at the end of June.
Chinese CPI steady in June, factory gate prices ease
Consumer price inflation in the people's Republic of China was steady in June, despite a sharp rise in pork prices in the wake of the wave of Africa swine fever.
Commodities: Grain prices buffeted by mixed reports on Chinese agricultural purchases
Futures were little changed outside of soft commodities and copper as traders waited for further clues as to the most likely path forward for US interest rates, in particular, and as pertained to the ongoing US-China trad standoff.
Egypt requests Interpol help return 'stolen' relic sold in UK
The Egyptian Ministry of Antiquities have requested Interpol help track down a 3,000 year-old sculpture of pharaoh Tutankhamun that was sold last week in the UK.