Market Pulse - Asia
PBoC delivers bigger than expected short-term liquidity injection
The People's Bank of China added liquidity to the financial system at the start of the week following the release of weaker than expected readings for the country's industrial production and retail sales for July during the previous session.
Polymetal concludes installation of autoclave at Pox-2 construction site in Amursk
Polymetal has concluded installation of the world's largest autoclave at its POX-2 construction site at Amur, in the Russian Far East.
Asia report: Markets mixed as Australian unemployment surges
Markets in Asia finished in a mixed state on Thursday, with fresh jobs data in Australia showing the unemployment rate rocketing to a 22-year high.
Asia report: Markets mixed, RBNZ expands QE beyond forecasts
Markets finished mixed in Asia on Wednesday, as investors monitored the global Covid-19 situation, and New Zealand’s central bank stood pat on interest rates but expanded its quantitative easing programme beyond market expectations.
New Zealand's largest city enters fresh Covid-19 lockdown
New Zealand’s largest city is to go back into lockdown, after the country’s prime minister reported four cases of community transmission of Covid-19 on Tuesday evening local time.
Asia report: Markets mixed amid US-China tensions
Markets in Asia finished in a mixed state on Tuesday, following a stellar session on Wall Street overnight, as investors watched the ongoing geopolitical spat between Washington and Beijing.
Asia report: Markets mostly higher as investors watch US-China tensions
Markets in Asia finished higher on Monday, as investors kept a watchful eye on geopolitical tensions between Washington and Beijing.
Week ahead: US-China trade, UK Q2 GDP in focus
The focus over the coming week will shift back towards Asia as US and Chinese officials review progress on implementation of the phase-one trade deal between the two nations.
Week ahead: US-China trade, UK Q2 GDP in focus
The focus over the coming week will shift back towards Asia as US and Chinese officials meet on 15 August to review progress on implementation of the phase-one trade deal between the two nations.
Asia report: Markets mostly lower as Trump signs TikTok order
Markets in Asia finished mostly lower on Friday, as investors digested fresh export data from China, and after US president Donald Trump issued an executive order banning dealings with the Chinese owners of popular apps TikTok and WeChat.
Genel Energy keeps interim dividend, books hefty impairment charges
Genel Energy reiterated plans to pay out a dividend for 2020 despite the weaker oil price environment and investments to bring its Sarta field online.
Asia report: Markets finish mixed as US-China tensions simmer
Markets in Asia finished in a mixed state on Thursday, as geopolitical tensions between Washington and Beijing continued to simmer, and investors held their breath for some sort of stimulus deal between lawmakers stateside.
Sberbank structures first trade finance deal
Sberbank structured a trade finance deal with Egyptian authorities for the purchase of wheat, its first ever.
Asia report: Markets finish mixed as China services growth slows
Markets in Asia finished in a mixed state on Wednesday, as investors kept their wallets closed awaiting news of a Covid-19 stimulus deal stateside, while fresh data showed a slowing in the expansion for China’s services sector in July.
Asia report: Most markets higher as RBA stands pat on policy
Markets in Asia finished mostly higher on Tuesday, as Australia’s central bank stood pat on its monetary policy.
Asia report: Markets mixed as China data beats forecasts
Markets in Asia finished in a mixed state on Monday, after data showed China’s manufacturing sector as expanding beyond expectations in July.
Sunday newspaper round-up: BT Group, Big Lenders, Travel firms
Could a French telecoms billionaire be circling BT's Openreach arm? The mutter from the City gutter is that the secretive Patrick Drahi has set his sights on the division that maintains Britain's telephone lines and internet cables. Drahi, a powerful dealmaker, now resides in Switzerland but made his fortune in France building telecoms groups Altice. The rumour claims that one of the Altice companies Drahi controls – perhaps Altice USA – has secured financial backing from heavyweight bankers at JP Morgan with a view to paying £20billion for the unit.
Covid-19 pandemic set to transform supply chains
The consequences of Coronavirus will be many and almost entirely negative, but from a hopeful point of view, it will serve as a turning point for certain sectors, markets and/or companies in need of transformation.