Market Pulse - Asia
Hong Kong shoved into recession by protest chaos
Hong Kong's economy has fallen into recession amid US-China trade uncertainty and months of protests that have resulted in shop closures, public transport interference and a drop in tourism.
Asia report: Markets finish mixed as investors digest Fed cut
Markets in Asia finished mixed on Thursday, amid fresh data from China, signals from Japan’s central bank, and as investors digested the Federal Reserve interest rate cut in the US overnight, which was expected.
JP Morgan reiterates StanChart as 'top pick' in sector
Analysts at JP Morgan reiterated their preference for StanChart's shares in the banking sector, keeping it as their 'top pick' while reiterating their 'overweight' recommendation and 850. 0p target price.
Chile cancels APEC summit
Chilean authorities took the unprecedented step on Wednesday of cancelling the upcoming summit of the Asia Pacific Economic Forum in Santiago, Chile.
Asia report: Markets fall as investors look to Fed rate decision
Markets in Asia were in the red on Wednesday, as investors closed their wallets ahead of the Federal Reserve’s latest interest rate decision, due later in the global day.
Director dealings: Rainbow Rare Earths CEO and chairman buy shares
Rainbow Rare Earths' chief executive officer and chairman picked up shares in the rare earths miner on Monday.
Airbus set to clinch near record order with IndiGo
European aerospace giant Airbus is set to clinch a multi-billion pound order from Indian budget carrier IndiGo.
Asia report: Markets mixed as trade optimism continues to grow
Markets in Asia finished mixed on Tuesday, as hopes for some sort of trade deal between the US and China continued to simmer after fresh comments from officials in Washington.
Asia report: Markets head higher amid renewed trade optimism
Most markets in Asia finished higher on Monday, with Chinese bourses heading higher amid renewed optimism on the US-China trade front.
Russian central bank cuts rates by 50 basis points
Rate-setters in Moscow surprised some analysts at the end of the week with a larger than expected reduction in short-term official interest rates.
Offshore windfarms could provide enough electricity to meet global demands
Offshore wind sites could provide more than enough clean energy to satisfy the world's electricity needs, said a report by the International Energy Agency.
Asia report: Markets mixed amid further developments on trade and Brexit
Markets in Asia finished mixed on Friday, with investors searching for direction as they watched for developments on both the US-China trade front and the Brexit saga in Europe.
Boeing criticised in investigation into Lion Air 737 MAX crash
Investigators say failings from Boeing, Lion Air and the pilots onboard led to the crash of a Lion Air Boeing 737 MAX off the coast of Indonesia in October last year which resulted in the deaths of 189 people.
WeWork set to axe 4,000 staff
WeWork plans to axe 4,000 jobs in a turnaround proposal by its major shareholder SoftBank that includes a pullback in Asia.
Tesla shares rocket after reporting unexpected Q3 profit
Tesla surprised the market on Wednesday with its third quarter net profit of $342. 0m, which sent its stock flying over 18% in pre-market trading, but the manufacturer's top-line recorded its first decline for seven year, a development that some analysts labelled concerning and said left the long-term 'growth story' "less clear".
China reportedly aiming for $20.0bn per year of US farm product purchases
Beijing is aiming to return to the level of purchases of US agricultural products that preceded Washington's decision to impose tariffs, leaving the door open to a big increase once a final trade deal had been signed.
Asia report: Most markets rise amid series of earnings
Most markets in Asia finished in the green on Thursday, as investors digested a number of earnings reports and fresh economic data out of South Korea, while keeping an eye on international developments.
Germany's Syria peace proposals welcomed by US and NATO
A proposal from German defence minister Annegret Kramp-Karrenbauer for an international coalition to stabilise Northern Syria was welcomed by the US and other NATO allies on Wednesday.
Report says Beijing set to replace Carrie Lam as Hong Kong leader
The Chinese government is drawing up plans to replace Hong Kong leader Carrie Lam by March.
Caterpillar posts drop in Q3 sales and earnings, guides lower
Caterpillar posted lower sales and profits for its most recent quarter on the back of a drawdown in stockpiles by dealers and softer demand and marked down its full-year profit guidance.