Market Pulse - Asia
Europe close: Stocks finish higher despite news of Covid-19 outbreak in Beijing
Stocks across the Continent extended their rebound in later afternoon trading stoked by news of further stimulus Stateside and after the release of a much stronger-than-expected reading on US retail sales.
Asia report: Markets bounce after fresh Fed stimulus
Markets in Asia bounced across the board on Tuesday, after the US Federal Reserve announced fresh stimulus measures overnight and other central banks made releases.
EU responds to Chinese state aid for two Egypt-based exporters with tarriffs
The European Union has announced its first ever levy in response to Chinese state aid for firms exporting to the bloc from outside the Asian giant.
Unilever to invest €1bn in environmentally friendly projects
Unilever pledged to invest €1bn over the next decade in environmental projects that will improve the “health of the planet”.
Asia report: Markets finish weaker amid fresh Covid clusters
Markets in Asia were red across the board on Monday, with investors spooked by the possibility of fresh spikes in cases of Covid-19, as authorities in Beijing reported new infections in the city.
Chinese output may have recovered to 2019 levels in May, economists say
The latest batch of Chinese economic indicators came in below economists' forecasts but some analysts said they would still lead to upwards forecast revisions.
Sinovac says Covid-19 vaccine induced immune response in over 90% of volunteers
Sinovac says that early clinical trial results show that its Covid-19 vaccine candidate may protect people against infections.
Asia report: Most markets finish lower after Wall Street sell-off
Most markets in Asia finished lower on Friday, as investors reacted to the largest one-day fall in stocks on Wall Street since March overnight.
Sberbank hails launch of first 'take and go' shop in Moscow
Sberbank hailed the successful launch of its pilot 'Take&Go' store, alongside retailer Azbuka Vkusa and Visa, at Moscow City's Federation Tower.
Deutsche Bank ups targets for miners, positive on Chinese growth
Analysts at Deutsche Bank hiked their target prices for a raft of miners on Thursday, despite what it termed the "clear risks and uncertainties" around Covid-19 and the outlook for global demand.
Asia report: Markets fall as investors digest Fed forecasts
Markets in Asia finished weaker across the board on Thursday, after the US Federal Reserve poured cold water on sentiment as it indicated it would keep interest rates near zero through to 2022.
Eli Lilly Covid-19 treatments may be ready by September
Two antibody therapies for Covid-19 from Eli Lilly now undergoing testing may be authorised for use as soon as September - if all goes well.
Chinese money supply data point to faster growth in 2021
Money supply growth in the People's Republic of China picked up noticeably last month, leading some economists to push back on expectations for further interest rate cuts - at least for the moment.
TikTok CEO and EU discuss disinformation surrounding app
TikTok’s new chief executive Kevin Mayer spoke to EU commissioner Thierry Breton about the fight against disinformation surrounding the popular video app.
Asia report: Markets finish mixed ahead of Fed forecast
Markets in Asia finished in a mixed state on Wednesday, as investors closed their wallets ahead of the latest Federal Reserve forecast later in the global day.
Asia report: Markets mostly higher after surge on Wall Street
Markets in Asia were in a mixed state as they closed on Tuesday, although most were in the green, as investors cheered a stellar session on Wall Street overnight which saw the S&P 500 enter positive territory for 2020.
Chinese imports slump as Covid-19 continues to weigh heavily
China’s economy continued to struggle in May as the Covid-19 pandemic caused global demand to slump and weighed heavily on imports.
Asia report: Markets finish higher as airline stocks ascend
Markets in Asia finished in the green on Monday, as investors got their first chance to react to the unprecedented rise in employment in the US, according to data released on Friday.
Asia report: Most markets rise as airlines surge on lockdown easing
Markets in Asia were mostly higher on Friday, with airlines ascending as investors placed their bets on a sector recovery amid the easing of coronavirus restrictions.
China's aviation authority to allow more foreign flights after US ban
China’s aviation authority said Thursday it would allow all foreign airlines to choose a city from a pre-approved list to operate one flight a week after the US banned all Chinese carriers from entering the country.