Market Pulse - Asia
Oil output from US Gulf and Libya's El Sharara recovering
Crude oil futures slipped lower at the start of the week as production restarted in the US Gulf of Mexico after Hurricane Delta left the region and amid reports that output from Libya was coming back online more quickly than anticipated.
Long-serving Petropavlovsk executive Samokhvalova quits Russian miner
Long-serving Petropavlovsk executive Alya Samokhvalova has quit the Russian gold miner with immediate effect, it was announced on Monday.
Goldman bullish on oil and natural gas prices even if Democrats take White House
Goldman Sachs remains 'bullish' on the outlook for oil and natural gas prices, even in the event of a victory for Democratic party candidate Joe Biden at the next US Presidential election on 3 November.
Asia report: Most markets rise as China makes shorting yuan cheaper
Markets in Asia closed mostly higher on Monday, led by stocks in China, as investors kept watch on renminbi after the country’s central bank changed some currency rules.
HSBC targets net zero emissions by 2050 with $1trn in financing
HSBC is set to target net zero carbon emissions by 2050 at the latest and is expected to provide between $750bn and $1trn in financing to help clients make the change.
UN World Food Programme wins Nobel peace prize
The UN’s World Food Programme was awarded the nobel peace prize this year for its efforts to combat famine around the world and improve conditions for peace in wartorn areas.
Asia report: Markets mixed as China returns from holiday
Markets in Asia finished in a mixed state on Friday, as traders in mainland China returned to their desks following a long autumn holiday, with fresh economic data from the mainland being digested as well.
UK parliament committee finds evidence that Huawei colludes with Beijing
The British parliament’s defence committee said on Thursday that it had found clear evidence that Chinese giant Huawei had colluded with Beijing.
Asia report: Markets mostly higher, tech stocks mixed
Markets in Asia finished mostly higher on Thursday, as investors digested a number of developments in the region’s technology sector, and watched for any news on the Covid-19 stimulus front stateside.
FTSE 100 risers: Mining and Bank stocks pace gains
Mining and banking stocks were pacing gainers on the top-flight index in the middle of the week on the back of continued hopes for near-term support for the economy from lawmakers on Capitol Hill.
EMA starts rolling review into BioNTech-Pfizer Covid-19 vaccine candidate
Europe's main drug regulator has begun a 'rolling review' of data for BioNTech and Pfizer's BNT162b2 Covid-19 vaccine candidate.
Morgan Stanley cuts targets for Shell and BP, sees short-term pressure on shares
Analysts at Morgan Stanley said that upside to share prices for for Big Oil stocks was beginning to materialise, even as it warned clients that it was best to wait before turning more positive on the space.
Asia report: Markets rise, RBA keeps cash rate on hold
Markets in Asia closed higher on Tuesday, as Australia’s Reserve Bank stood pat on its current policy, and US president Donald Trump left hospital and returned to the White House.
Asia report: Stocks finish higher as investors watch Trump's health
Markets were higher in Asia on Monday, as investors kept an eye on the US president’s health as he remained in hospital with Covid-19.
Asia report: Markets mostly lower after Trump contracts Covid
Markets in Asia finished mostly lower on another quiet day for trading on Friday, as oil prices fell during the afternoon after US president Donald Trump said he had tested positive for Covid-19.
Asia report: Markets finish higher, Tokyo exchange halted
Markets in Asia closed in positive territory on a quiet Thursday, with many bourses closed for holidays, as Tokyo’s exchange halted trading early due to a hardware fault.