Market Pulse - Asia
Tesla jumps after China grants purchase tax exemption on 16 models
Shares in Tesla were up on Friday after China's Ministry of Industry and Information Technology said that it would exempt 16 of the US car manufacturer's electric vehicle models from its purchase tax.
Xi Jinping rejects Philippines' territorial claims in South China Sea
Chinese President Xi Jinping rejected Filipino claims to territory in the South China Sea in a bilateral meeting with President Rodrigo Duterte on Thursday.
BofA-ML sees 'contrarian' signal to buy shares, despite risk of bond bubble bursting
A widely-followed market timing indicator flipped into a 'buy' signal on Thursday, pointing to better than even odds, albeit not by much, of a near-term rally in stocks, although bonds were most likely set for a correction.
Asia report: Markets mixed following positive trade comments from China
Markets in Asia finished in a mixed state on Friday, as investors digested mixed messages on the US-China trade front, and the Bank of Korea sated expectations by standing pat on interest rates.
Huawei's next phone will not have access to Google apps
Huawei's Mate 30 smartphone will not have access to Google's popular apps including Maps and YouTube.
China lodges protest over new US tariffs but refrains from immediate response
China lodged a formal protest against the latest round of trade tariffs announced by the US but said that for the moment being it would refrain from a like-for-like response, although a meeting between trade officials from both sides in September had yet to be confirmed.
Asia report: Markets mixed as renminbi weakens further
Markets in Asia finished in a mixed state on Thursday, as investors continued to keep an eye on Treasury yields in the United States, and the yuan briefly shifted to its weakest point in almost 12 years.
Former HSBC banker cleared in €1.6bn tax fraud case
A former executive from HSBC's private Swiss bank has been cleared three years after French authorities charged him with helping clients hide assets worth at least €1. 6bn (£1. 45bn).
Asia report: Markets struggle for direction as traders watch bond markets
Markets in Asia finished mixed on Wednesday, as investors struggled to find direction following another inversion of Treasury yield curves in the United States overnight.
Primark set to train 160,000 cotton farmers to improve sustainability
Primark announced plans to train 160,000 cotton farmers in India, Pakistan and China on environmentally friendly farming methods by 2022 in a bid to improve the sustainability of its operations.
RBC raises target price on Polymetal despite 'small miss' in H1
Analysts at RBC Capital Markets upped their price target on FTSE 250-listed precious metals mining firm Polymetal on Tuesday, emphasising that a strong second half appeared to lay on the horizon.
Iran steps back from nuclear deal talks with US
Iranian President, Hassan Rouhani, reversed course on the possibility of holding talks with the US on a new nuclear deal until Washington lifts "all illegal, unjust and unfair sanctions imposed on Iran".
Asia report: Markets mostly higher on fresh hopes of trade progress
Markets in Asia were mostly higher on Tuesday, as investors renewed their hopes for positive developments on the US-China trade front following a weekend of chatter at the G7 meeting in France.
Trump says China wishes to restart trade negotiations
US President Donald Trump confirmed China has asked Washington to re-start trade talks hours after Beijing’s top negotiator publicly called for calm in the ongoing tensions.
Wall Street reels after US President says he will respond to Chinese counter-tariffs
Wall Street was left reeling at the end of the week after the US President upped the ante in his trade war with China following Beijing's decision to retaliate against the latest measures threatened by Washington.
Week ahead: US-China trade, German data in focus
The focus over the coming week will likely continue to be squarely on the US-China trade war, with investors trying to digest Washington's likely next move in the 'tit-for-tat' trade war even as negotiators from both sides continue to hold consultations ahead of another round of face-to-face talks in September.
Monetary policy may not be ideal tool against trade disruptions, Fed's Powell says
Monetary policy might not be the best tool to address the impact of trade wars, although it might help to offset some of their effects, which might prove to be transitory, the head of the world's most important central bank, the US Federal Reserve, said.
Asia report: Most markets higher ahead of Powell speech
Most markets in Asia finished in the green on Friday, even as political tensions escalated between Japan and South Korea, after the latter announced the cancellation of an intelligence-sharing deal between the nations.
Amazon to buy 49% stake in India's Future Coupons
Amazon has agreed to buy a 49% stake in Indian retail company Future Coupons.
Commodities: Energy and metals futures soften amid Fed doubts
Commodity prices were on the backfoot on Thursday, with weakness in energy and metals futures offsetting a small bid in the agricultural space.