Market Pulse - Asia
Glencore delays decision over dividend in light of Covid-19 uncertainty
Glencore is to delay a decision over a potential $2. 6bn dividend payout because of the current “exceptional” economic uncertainty.
Huawei claims US blacklisting led to $12bn revenue fall
Huawei claimed on Tuesday that Washington's decision to blacklist it had cost the telecommunications equipment giant $12bn in lost revenue during the previous year.
Asia report: Markets mixed as China manufacturing data impresses
Markets in Asia finished in a mixed state on Tuesday, with equities in China in the green as fresh data suggested the country’s manufacturing sector was getting back to work in March.
Asia report: Most markets fall after weekend of miserable Covid numbers
Most markets in Asia finished in the red on Monday, as the Covid-19 coronavirus outbreak continued to spread globally, although stocks in Australasia did manage to close positive.
Asia report: Markets mixed as Sydney bourse tumbles
Markets in Asia finished mixed on Friday, with stocks in Australia plunging more than 5%, as investors digested some painful data on China’s industrial sector.
Chinese industrial profits see biggest drop since 2010 in January/February
Industrial company profits in China plummeted at their quickest pace since 2010 as the coronavirus pandemic forced authorities into a country-wide lockdown at one point.
Asia report: Most markets lower ahead of US jobless claims
Markets in Asia were mostly lower on Thursday, with Japanese stocks leading the market lower as investors held their breath ahead of initial jobless claims numbers out of the US, due laterin the global day.
Asia report: Markets surge as US lawmakers agree huge stimulus
Markets in Asia were higher across the board on Wednesday, led by stocks in Japan, as investors reacted to the news that lawmakers in the US had agreed to a $2trn coronavirus stimulus package, leading to some monster gains on Wall Street overnight.
G7 pledges action to protect global economy during pandemic
The G7 has pledged to do “whatever is necessary” to help support the global economy, which has been sent reeling by the coronavirus pandemic.
Asia report: Markets rise as more stimulus packages roll in
Markets in Asia finished higher on Tuesday, led by gains in South Korea and Japan, as investors continued to watch stimulus packages roll in around the world as the Covid-19 coronavirus pandemic grew.
Airbus pulls dividend, secures fresh credit to shore up cash reserves
Airbus has pulled its dividend and secured a €15bn credit facility as it looks to bolster cash reserves during the coronavirus crisis.
Asia report: Most markets slide as Covid restrictions ramp up
Most markets in Asia racked up steep losses on Monday, as several countries in the region tightened civil restrictions in the face of a fast-growing Covid-19 coronavirus pandemic.
Targeted, global coordination key to coronavirus response, says IMF
Economies around the world have some tough choices to make in the face of the Covid-19 coronavirus pandemic, if the experience of China is anything to go by, the International Monetary Fund (IMF) said on Friday.
Asia report: Markets advance as investors digest week of stimulus
Markets in Asia finished in the green on Friday, as investors digested the ongoing stimulus coming out of central banks amid the Covid-19 coronavirus pandemic, and China kept its loan prime rates unchanged from February.
Federal Reserve extends US dollar swap lines to nine more central banks
America's central bank moved rapidly to alleviate the impact from the scramble for US dollars as investors around the world sought out liquidity in the wake of the coronavirus pandemic, including to several of the largest emerging economies.
Asia report: Most markets fall, Kospi triggers circuit breaker
Markets in Asia finished mostly lower on Thursday, with Korea’s benchmark leading the losses, as Australia’s central bank slashed interest rates as part of its response to the Covid-19 coronavirus pandemic.
Credit Suisse says not all Aerospace and Defence firm dividends at risk
Those aerospace firms with higher exposure to Defence and enjoying a "strong" cash position were at a lower risk of having to "review" their policies on dividend payouts, Credit Suisse said.
Oil prices in fresh falls as lockdown fears weigh heavily
Oil prices have taken a fresh pounding, as the growing global lockdown and souring of relations between Saudi Arabia and Russia weigh heavily.
Global banks fail to cut funding for fossil fuel projects
Analysis from 35 top investment banks revealed that over $2. 66tn had been invested in fossil fuel projects since the Paris Climate Agreement in 2016.
Asia report: Markets mixed as Australian stocks sink further
Markets in Asia finished mixed on Wednesday, with investors in Australia suffering another dire day, as sentiment continued to be crushed by the ongoing, and spreading, Covid-19 coronavirus pandemic.