05 February – 09 February
Indonesia’s economy grew at the quickest pace in four years in the three months to the end of December, besting estimates.
Chinese technology investors in Silicon Valley are being thwarted by the country’s capital controls, in a sign of the unintended consequences of Beijing’s move last year to curb cash outflows.
Tesla sales screeched to a halt in the last nine months of 2017 in Hong Kong, dubbed a “beacon city” by founder Elon Musk, after the government slashed a tax waiver for electric vehicles.
A sell-off in government debt continued in Asia trading on Monday after yields rose on 10-year US Treasuries to the highest level since early 2014 on Friday.
The great deflation scare is finally over. That, surely, is the message implicit in the twitchy bond market reaction to the unexpected acceleration in US average hourly earnings revealed this month. In the recent weak bond market environment investors had already been demanding increased compensation for taking on duration risk. The latest upheaval simply confirms that inflation has replaced deflation as the greatest perceived threat to US Treasuries. Something similar is taking place in Europe, where fewer sovereign IOUs now inflict negative yields on their holders.
Ocado has said its headline profits will take a hit this year and that it needs to raise capital to transform itself from an online grocer into a technology provider building robot-operated warehouses for other retailers.
A ten per cent daily rise in the share price of a €7bn company is a decent jump on a normal day. Given the carnage elsewhere on Tuesday morning, it looks even more impressive.
Asia-Pacific stock markets wasted no time in tracking Wall Street lower on Tuesday with futures tipping equities in London to follow suit.
India matters now and will matter still more in future. It is a democracy; its economy is fast growing; and it will soon be the most populous country in the world.
When Alibaba reported sales of $25bn on its Singles’ Day extravaganza in November, the sum comfortably surpassed estimates of total Indian ecommerce turnover in the whole of last year.
US toymaker Hasbro posted an unexpected decline in quarterly revenues as demand for its Star Wars and other partner brands fell, sending its shares lower in pre-market trade.
Cryptocurrency exchanges that promise invincibility against cyber thieves are coming to Asia in the wake of last month’s theft of $530m from Japan’s Coincheck, the world’s largest ever cryptocurrency heist.
Brazil’s central bank on Wednesday lowered the country’s benchmark Selic rate by another quarter of a percentage point to a historic low of 6.75 per cent, following 10 consecutive cuts.
Tesla’s shares edged up late Wednesday as the electric carmaker eased some of Wall Street’s concerns about the risk of an impending cash drain and predicted that it would reach sustainable operating profits some time this year.
South Africa struck a more conciliatory tone towards the mining industry on Thursday with the deputy minister of mineral resources saying he wanted to find a way to break the impasse over controversial new regulations.
Asia Pacific equities were mixed on Thursday with the Japanese and Hong Kong markets showing signs of recovery after the global sell-off earlier in the week but Chinese stocks were weaker. The moves came after a late sell-off on Wall Street left stocks lower overnight.
Inflation in China cooled last month with a slowdown in consumer and producer price growth meeting economists’ expectations.
First came Snap’s happy holiday revenues. Now Twitter is the latest social media company to boost its shareholders with good news – its first ever profits.
AP Moller-Maersk forecast a jump in profits in 2018 after the world’s largest container shipping line missed expectations last year.
A late sell-off in European markets has pushed major indices sharply lower, continuing the new surge of volatility which has alarmed investors this week after a long period of calm.