Market Pulse - Asia
Boeing posts better than expected Q3 sales, assumes 737 Max return to service in Q4
Boeing posted much weaker than expected third quarter profits on the back of massive delays in shipments of its 737 Max, but sales fell by less than anticipated and the company said it expected the 737 Max to return to air worthy status before the end of the year.
Asia report: Most markets fall on growth forecasts, Brexit progress
Most markets in Asia finished lower on Wednesday, as investors digested fresh growth forecasts and continued to watch the latest developments on the Brexit front in Europe.
Huawei will develop 5G radar for autonomous cars
Huawei Technologies will utilise its 5G technology to develop radar for self-driving cars, its deputy chairman told a conference, Reuters reported on Tuesday.
Trans-Siberian Gold on track to achieve annual production guidance
Trans-Siberian Gold on Tuesday reported it was on track to meet the upper end of its full-year production guidance after its third quarter revenues leapt by almost a third.
Asia report: Markets rise on US-China trade optimism
Markets in Asia were higher across the board on Tuesday, as investor sentiment around the trade relationship between the United States and China remained buoyant.
China's economic growth could fall under 6% in 2020
The International Monetary fund revealed in its latest World Economic Outlook that economic growth in China could slow to 5. 8% in 2020 following an expansion of 6. 1% in 2019.
US December trade tariff hike could be shelved, White House's Kudlow says
A planned hike in US trade tariffs on Chinese exports that was set to kick-in mid-December may be shelved, a top White House official said.
Reckitt names Ahold Delhaize's Carr as its new finance chief
Reckitt Benckiser pinched Ahold Delhaize chief financial officer, Jeff Carr, appointing him to take over the same role at the consumer goods giant in place of its current finance director Adrian Hennah, who was set to retire.
EU Chamber gives China's new foreign investment policy a positive outlook
Joerg Wuttke, president of the European Union Chamber of Commerce in China, gave a positive preliminary take on China’s new foreign investment law, labelling it “surprisingly accommodating”.
Canaccord stays at 'buy' on Petropavlovsk following Q3 sales and production data
Analysts at Cannacord Genuity reiterated their 'buy' recommendation and 16. 0p target price on shares of gold miner Petropavlovsk thid quarter sales and production data.
Asia report: Markets finish muted with Brexit deal in focus
Markets in Asia finished in a muted state on Monday, as developments on the Brexit front over the weekend worsened investor anxiety over the United Kingdom’s planned departure from the European Union.
Berenberg stays at 'buy' on ABF, sees upside for Primark valuation and sugar prices
Analysts at Berenberg reiterated their 'buy' recommendation for shares of Associated British Foods, telling clients that the combination of a valuation discount for the firm's fashion unit, Primark, and signs that the sugar price was "bottoming out" made for a good entry point into the shares.
Saudi Aramco delays IPO until after Q3 results
Saudi Aramco has delayed its planned initial public offering for until after its third quarter results in the hope that they will boost investor confidence, sources told Reuters on Thursday.
Asia report: Markets mostly lower on weaker-than-expected China data
Markets in Asia were mostly lower on Friday, as investor attention turned to China and the release of weaker-than-expected growth data from the country.
Chinese economy grows 6.0% in Q3, slowest pace since early 1990s
China released third-quarter GDP figures on Friday showing the economy grew at its slowest pace since the early 1990s as the trade war with the US took its toll.
Philip Morris lowers guidance as Russian tax authority issues $374m fine
US tobacco giant Philip Morris cut its full-year profit guidance on Thursday following an investigation by a Russian tax authority that concluded its local affiliate had underpaid taxes.
Asia report: Markets mixed as investors watch trade, Brexit developments
Markets in Asia once again finished in a mixed state on Thursday, with investors keeping their wallets in their back pockets as they awaited developments on both the US-China trade and Brexit fronts.
Alibaba faces 300m hack attempts daily
Alibaba founder Jack Ma, said the company thwarts 300. 0m hack attempts each day and has yet to lose “one cent” to hackers.
Asia report: Markets mixed as investors turn attention to Brexit
Markets in Asia finished mixed on Wednesday, as investor attention turned to Europe amid renewed optimism for a Brexit deal overnight.
Europe close: Shares gain on hopes for US-China trade and Brexit
European stocks continued their recent move higher amid renewed optimism over Sino-US trade relations and the chances of a Brexit deal.