Market Pulse - Asia
Boeing 737 Max flight ban could be lifted by January
Boeing said on Monday it could have its fleet of 737 Max jets flying again by January once safety checks on the model’s software have been completed.
BP CEO asks environmentalists to be 'realistic', saying fossil fuels industry is 'vital'
Bob Dudley, outgoing BP CEO said at ADIPEC in Abu Dhabi on Monday that fossil fuels companies’ efforts to secure a lower carbon future are realistic and called for environmental campaigners to remember how vital the current energy mix is to millions of people.
Alibaba breaks Singles Day record with over $30.0bn in sales so far
Chinese e-commerce retailer Alibaba broke its sales record on Singles Day and has so far already made over $30. 0bn-worth of sales.
British Airways faces criticism for emitting more CO2 by 'fuel tankering'
British Airways and other airlines have been criticised for “fuel tankering” to save on costs but at the price of higher carbon emissions.
Eco Animal Health slumps on profit warning
Veterinary pharmaceuticals developer Eco Animal Health issued a profit warning on Monday, saying it was hit hard by a recent outbreak of the fatal African swine fever across China and the lingering effects of the US' protracted trade war with the Asian nation.
Asia report: Most markets fall amid boiling political tensions
Most markets in Asia finished in the red on Monday, with Australasian bourses being the exception, as political and trade tensions remained extraordinarily tight in the region.
Asia report: Most markets fall amid mixed signals on trade
Most markets in Asia finished mostly lower on Friday, as investors reacted to mixed messages on the never-ending US-China trade situation.
Week ahead: UK macro calendar jam-packed; Burberry, Vodafone results eyed
The UK macro calendar is jam-packed next week, with GDP, manufacturing, jobs data, inflation and retail sales figures all slated for release.
China and the US agree to phase out tariffs as part of phase one deal
Chinese and US officials agreed to phase out the tariffs previously imposed on each other’s goods, a Chinese Ministry of Commerce spokesman said.
Asia report: Markets finish mixed as fresh trade concerns emerge
Stocks in Asia finished in a mixed state on Thursday, amid market chatter that a long-anticipated trade deal between the US and China could possibly be delayed.
WeWork set to start layoffs in Europe
WeWork is set to start cutting jobs in Europe, marking a ‘significant shift’ in strategy following the rescue of the company by SoftBank.
Asia report: Markets mixed as trade optimism wanes
Markets in Asia finished in a mixed state on Wednesday, with investors keeping their wallets closed as they awaited further developments on the US-China trade front.
Iran violates nuclear pact again, ramps up pressure on EU
Iranian President Hassan Rouhani announced on Tuesday that the country will begin injecting gas into centrifuges in another clear violation of the 2015 nuclear pact.
SoftBank plunges into the red following WeWork investment
SoftBank revealed the damage caused by its investment in troubled start-up WeWork on Wednesday, posting a quarterly loss of £5. 0bn, its first for 14 years.
China and France sign contracts worth $15bn during Macron's visit
China and France signed contracts totaling $15. 0bn during a visit by President Emmanuel Macron, Reuters reported on Wednesday.
US Navy's 'fragile' supply chain could depend on Russia and China for parts
America's Secretary of the Navy warned on Tuesday that the “fragile” supply chain for military warships could lead to a dependency on Russian and Chinese companies for critical components.
Asia report: Markets rise as hopes for trade deal grow
Markets in Asia were mostly higher on Tuesday, led by some serious gains in Japan, as investors expressed further optimism over the prospect for a trade deal between the United States and China.
Barclays stays 'overweight' on British American Tobacco after meeting with CFO
Analysts at Barclays Research kept their recommendation for British American Tobacco unchanged at 'overweight' and their target price at 4,000. 0p following a meeting with the company's finance chief, Tadeu Marroco.
Asia report: Markets finish firmer as trade optimism picks up
Markets in Asia finished in the green on Monday, as investors started the week more optimistic over the prospects of a US-China trade deal, after a weekend of positive developments.
Week ahead: BoE rate decision, Chinese foreign trade data in focus
The market spotlight during the coming week will be firmly on the Bank of England as it meets to decide on policy ahead of the next general elections.