Market Pulse - Asia
Asia report: Markets sharply lower as coronavirus concerns weigh
Chinese stocks led losses in Asia on Thursday, as concerns about the Wuhan strain of coronavirus continued to weigh on sentiment after all public transport was suspended in the city.
Asia report: Markets higher as investors shrug off coronavirus concerns
Most markets in Asia managed gains on Wednesday, as investors continued to weigh concerns around the spread of the Wuhan strain of coronavirus, which has infected hundreds in China and has been confirmed spread to the United States.
Experts say Wuhan coronavirus closer to seasonal influenza
The far lower mortality rate of the new coronavirus identified in the Chinese city of Wuhan means that it is unlikely to have anywhere near the significance for the US economy of the outbreak of Severe Acute Respiratory Syndrome in 2003, Capital Economics said.
Uber offloads Indian food delivery business
Uber has struck a deal to sell its Indian food delivery service to local food app Zomato.
Asia report: Most markets lower as Moody's cuts rating on Hong Kong
Markets in Asia were mostly in the red on Tuesday, led lower by stocks in Hong Kong, after Moody’s cut its rating on the city.
Credit Suisses start Gazprom at 'neutral', says new payout policy priced-in
Analysts at Credit Suisse started coverage of London-listed Russian natural gas giant Gazprom a 'neutral' with a $9. 0 target price on its American Depositary Receipts, forecasting that the group's payout policy would rise to 5. 0% of profits by 2021, versus 30. 0% in 2019.
Asia report: Most markets rise as PBOC keeps interest rates steady
Most markets in Asia finished in the green on Monday, as China’s central bank kept its one and five-year loan prime rates on hold for the month.
Chinese economic activity picks up at the end of 2019, but headwinds remain
Economic activity in China at the end of 2019 execeded forecasts, but some economists said that it was too soon to sound the 'all clear'.
Xiaomi announces POCO to be standalone company
Xiaomi said on Friday that it would spin off POCO as a standalone company that will run independently from the Chinese tech giant.
Asia report: Markets advance as China meets GDP expectations
Markets in Asia were in the green as they closed on Friday, as investors reacted to decent growth figures from China, and stocks in Japan and South Korea leapt to 15-month highs.
Morgan Stanley tops Goldmans in market value thanks to fixed income trading
Shares of Morgan Stanley hit their best levels since late 2007 and overtook those of Goldman Sachs on the back of a fourth quarter surge in sales from fixed income trading.
Genel Energy celebrates 'successful year'
Exploration and production outfit Genel Energy boasted of a "successful year" on Thursday ahead of its full-year financial results in March.
Asia report: Markets close mixed after signing of trade deal
Markets in Asia were mixed as they closed on Thursday, as investors reacted to the signing of a much-anticipated first phase trade deal between the US and China overnight.
Jeff Bezos to invest $1bn in Indian companies
Jeff Bezos, the billionaire founder of Amazon, has unveiled a $1. 0bn investment to help small Indian businesses digitalise.
Asia report: Most markets fall ahead of expected trade deal signing
Most markets in Asia finished lower on Wednesday, as investors closed their wallets ahead of the scheduled signing of the first phase trade deal between the United States and China later in the global day.
London close: Stocks edge higher ahead of US-China trade deal
London stocks were a tad higher on Tuesday as investors caught their breath ahead of the signing of the phase one trade deal between the US and China, which was due to take place on Wednesday, and cheered a positive start to the US corporate earnings season.
Johnson says he would back 'Trump deal' to replace 2015 Iran nuclear accord
Britain's Prime Minister said that he would support a deal negotiated by Trump to replace the 2015 nuclear accord.
Asia report: Most markets higher ahead of US-China deal signing
Markets in Asia ended mostly in the green on Tuesday, as sentiment turned more positive ahead of the signing of the first phase trade deal between the United States and China later in the week.
Britain, France and UK trigger Iran deal's dispute resolution mechanism
Britain, France and Germany triggered the so-called dispute mechanism contained in the 2015 nuclear deal with Iran.
China reports surge in exports ahead of crucial trade deal
China’s exports grew for the first time in five months in December, official data showed on Tuesday, comfortably beating expectations.