Market Pulse - Asia
UK pork sales set to jump as swine flu kills 25% of Chinese stock
UK firms selling pork products, including the likes of Cranswick, could be set to see another jump in sales in 2020, as African Swine Fever continues to take its toll on pig stocks around the world.
Berenberg stays at 'buy' on Boeing as it waits for decision on 737 and dividend
A decision by Boeing to reduce or cancel production of its 737 Max jet until US regulators clear it for a 'return-to-service' could result in "substantial additional charges", according to analysts at Berenberg.
Endeavour, Centamin agree to explore possible merger
Centamin has agreed to explore a potential merger with rival Endeavour Mining Corporation, just days after it dismissed an initial £1. 5bn bid from the Africa-focused gold miner.
Asia report: Markets mixed as US and China reach trade deal
Markets in Asia were mixed on Monday, as investors digested positive industrial data from China, and as officials in that country fiinally agreed with their US counterparts on a first phase trade deal.
Trade talks have achieved 'major advance', China says
China confirmed that it has reached an agreement with Washington on a phase-one trade deal, including the roll-back of some US tariffs and the cancellation of the new duties that both sides had been preparing to impose on 15 December. The Wall Street Journal story on the China Deal is completely wrong, especially their statement on Tariffs. Fake News. They should find a better leaker! — Donald J. Trump (@realDonaldTrump) December 13, 2019.
Microsoft unveils new Xbox and kicks off console war with Sony
Microsoft released the design for the new Xbox Series X on Thursday and kicked off what will surely be a console war with Sony throughout 2020 for next-generation gaming hardware.
US President denies WSJ report on US-China trade agreement
Reports that the US was set to cancel the new trade tariffs that were set to go ahead on the following and partially roll-back pre-existing ones might be wide of the mark.
Asia report: Markets finish firmer amid soaring trade optimism
Markets in Asia finished well into the green on Friday, with the main boards in Japan and Hong Kong soaring on reports that the US and China had reached a first phase deal on trade.
US, China reportedly clinch phase-one trade deal
Negotiators from the US and China have inked the terms of a phase-one trade accord between the two countries, according to reports.
Trump and top advisers to discuss China trade tariffs on Thursday
The US President and his top councillors on economic and trade issues will meet on Thursday to analyse whether or not to proceed with fresh trade tariffs on nearly $160. 0bn-worth of Chinese exports on 15 December.
Asia report: Markets mixed as investors mull Fed decision, trade
Markets in Asia finished in a mixed state on Thursday, as investors digested the latest decision from the US Federal Reserve overnight, after it stood pat on interest rates and signalled it would not raise rates in 2020.
Commodities: Oil futures slip as weekly US inventory data reveals unexpected build
Energy prices weakened on Wednesday following the release of a US government report on crude oil inventories showing an unexpected build in stockpiles over the latest reference week.
Saudi Aramco jumps 10%, closes limit-up in stock market debut
Saudi Aramco shares rallied 10% on Wednesday in their debut on Riyadh’s Tadawul stock market giving the group a market value of nearly $1. 9trn.
IATA predicts airline profits to take off in 2020 after challenging year
The airline industry has trimmed its expectations for 2019 profits, dragged lower by weak economic growth and the US-China trade war, but is predicting a stronger 2020.
Huawei CFO wins Canada legal battle to see more evidence on her arrest
The lawyers of Huawei’s chief financial officer, Meng Wanzhou, won a legal battle in Canada's courts on Tuesday to be given access to more documents regarding the reasons behind her arrest.
Asia report: Markets mixed ahead of Fed interest rate decision
Markets in Asia closed in a mixed state on Wednesday, as investors closed their pocket books ahead of the Federal Reserve’s latest interest rate decision, due later in the global day.
China increases US soybean purchases amid ongoing trade talks
Chinese imports of American soybeans multiplied by a factor of 13 between September and November when compared to the same period one year before, revealed Xiaoping Zhang, the Greater China Regional Director for the US Soybean Export Council, to CNBC.
Mercedes self-driving cab service to kick-off in California
Self-driving Mercedes-Benz and Bosch vehicles are set to go on trial in California with the aim of becoming a fully-functioning cab service in the near future.
US reportedly set to delay new Chinese trade tariffs
Negotiators from the US and China are working to postpone the introduction of new tariffs on Chinese exports in mid-December.
Trump pressures Japan to choose US contractor over BAE Systems
Donald Trump is piling the pressure on Tokyo to choose a US defence contractor to develop replacements for its F-2 multi-role combat aircraft instead of Britain's BAE Systems.