Market Pulse - Asia
Bitcoin mine found in UK during police raid
A massive bitcoin mine was found in the UK this week following a police raid on a suspected cannabis farm.
Asia report: Stocks mixed, JD Logistics pares gains on debut day
Stocks were mixed at the close in Asia on Friday, with much attention on the blockbusting debut of JD Logistics in Hong Kong.
Asia report: Markets mixed, China industrial profit growth slows
Markets in Asia finished in a mixed state on Thursday, as investors digested the latest industrial profits data out of China.
Liberum starts Centamin at 'sell', says shares 30 per cent overvalued
Analysts at Liberum started coverage of Centamin shares at 'sell', arguing that while its "strong" balance sheet gave it the resources to finance the turnaround of its flagship gold mine at Sukari, the shares were overvalued at present.
Xiaomi confirms US formally lifted securities ban
Chinese tech giant Xiaomi confirmed on Wednesday that a US court had removed the company’s designation as a Communist Chinese Military Company and had lifted the ban on it doing business in the country.
China falls short of agreed purchases of US goods under 'phase one' trade deal
China is falling short on the purchases of US goods needed in order to complete the phase one trade deal that it signed in January 2020 and that is set to wind up in December 2021.
Asia report: Markets mixed, NZ dollar rises on central bank comments
Markets in Asia closed in a mixed state on Wednesday, with much focus on the New Zealand dollar, after that country’s central bank maintained its current policy settings.
Asia report: Technology plays lead markets higher
Markets in Asia finished mostly higher on Tuesday, with technology plays in focus following a rise for the sector on Wall Street overnight.
Huawei founder seeks company shift to software
The founder of Chinese tech giant Huawei, Ren Zhengfei, called on the company’s staff to seek growth in software and diversify from its hardware operations.
Liberty Steel to sell Stocksbridge plant in company-wide overhaul
Liberty Steel Group is to offload a number of its UK plants, including its aerospace and specialist alloys steel business, as it looks to restructure following the collapse of backer Greensill Capital.
Iran - IAEA agree to extend monitoring agreement one month
The United Nations nuclear watchdog (The International Atomic Energy Agency) and Iran agreed on Monday to extend their monitoring agreement by one month.
HSBC boss unconvinced about 'volatile' Bitcoin
The turmoil surrounding Bitcoin intensified on Monday after HSBC said it had no plans to start offering the cryptocurrency to investors.
Emirates warns Boeing it could refuse 777x jet deliveries
The head of Emirates airline warned US planemaker Boeing that it would refuse delivery of 777x jets if the company fails to meet contractual performance commitments, reported Reuters on Monday.
Asia report: Markets mixed on Monday, oil prices rise
Stock markets finished mixed on Monday in Asia, as investors kept an eye on the Covid-19 situation in the region, as oil prices rose.
China's JD Logistics expected to raise $3.2bn in Hong Kong IPO
JD Logistics is expected to raise $3. 2bn via an initial public offering in Hong Kong IPO by selling 609. 2m shares at a price of 40. 36 Hong Kong dollars each.
Asia close: Stocks mostly higher despite selling pressure in commodities
Stocks in the Asia Pacific region finished the session mostly higher, buoyed by an overnight rally on Wall Street from the session lows.
Asia report: Most markets weaker on quiet trading day
Most markets in Asia closed weaker on Wednesday, with Australia’s main board sliding almost 2%, on a relatively quiet day in the region.
IEA urges halt to fossil fuel investments to meet emissions targets
The International Energy Agency said on Tuesday that investment in fossil fuels must stop immediately in order to develop an energy sector with net-zero emissions by 2050.
Asia report: Stocks higher, Japan economy shrinks in first quarter
Markets in Asia closed in positive territory on Tuesday, as investors digested the latest economic data out of Japan, as well as the minutes from the most recent meeting of Australia’s central bank.
Week ahead: Global PMIs, UK data in focus
The focus in financial markets over the coming week will be on global manufacturing and services sector conditions with a raft of survey results due out in the euro area, UK and US on Friday.