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October 22, 2019

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Reuters - Business

Asia tries to see light in trade talks, Brexit votes

Reuters
by Reuters02
SYDNEY (Reuters) – Asian share markets edged ahead on Tuesday amid cheery chatter about the chance of a Sino-U.S. trade deal, while investors were sanguine yet another vote on Brexit would still avert a hard exit. FILE PHOTO: An investor sits in front of an electronic board showing stock information...
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Reuters - Business

Gojek CEO quits to join Indonesian cabinet, replacements named

Reuters
by Reuters01
JAKARTA (Reuters) – Gojek CEO and co-founder Nadiem Makarim said on Monday he had resigned to join Indonesia’s cabinet, and the ride-hailing and payments company said two senior officials would jointly take over running operations of the $10 billion firm. Nadiem Makarim, founder of the Indonesian ride-hailing and online payment...
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Reuters - Business

Asian shares tick up, pound skids on Brexit tumult

Reuters
by Reuters01
TOKYO (Reuters) – Asian stocks edged up on Monday as Chinese shares reversed early losses, supported by hopes for progress in resolving the U.S.-China trade war, while sterling slipped after the British parliament delayed a crucial vote on a Brexit withdrawal deal. FILE PHOTO: A visitor wearing a mask is...
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Reuters - Business

Asian shares edge higher, pound stumbles on Brexit drama

Reuters
by Reuters03
TOKYO (Reuters) – Asian stocks edged higher on Monday as Chinese shares reversed early losses due to hopes for progress in resolving the U.S.-China trade war and expectations for greater investment inflows into Hong Kong. FILE PHOTO: A visitor wearing a mask is seen behind a logo of Japan Stock...
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Reuters - Business

Asian share markets cautious, pound stumbles on Brexit drama

Reuters
by Reuters06
TOKYO (Reuters) – Asian stocks were steady in a cautious start to the week on Monday, while the British pound fell following a delay to a crucial vote on Britain’s divorce from the European Union. FILE PHOTO: A visitor wearing a mask is seen behind a logo of Japan Stock...
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Reuters - Business

Exclusive: Aramco makes relatively little from foreign refining – documents

Reuters
by Reuters02
LONDON (Reuters) – Documents from Saudi Aramco show that the world’s largest oil firm earns only a limited proportion of its profit from foreign refining ventures, an area in which the company plans huge investment. FILE PHOTO: A helmet with logo of Saudi Aramco is pictured at the oil facility...
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Reuters - Business

Asian shares erase gains after weak China GDP, pound pulls back

Reuters
by Reuters03
SHANGHAI (Reuters) – Asian stocks stumbled on Friday after China posted its weakest growth in nearly three decades, countering a global lift in sentiment on the UK and European Union striking a long-awaited Brexit deal. FILE PHOTO: A man looks on in front of an electronic board showing stock information...
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Reuters - Business

Asian stocks track Brexit deal cheer but China caution prevails

Reuters
by Reuters02
SHANGHAI (Reuters) – Asian stocks edged higher on Friday, tracking the global lift in sentiment after the UK and the European Union struck a long-awaited Brexit deal, but concern about the Chinese economy is likely to cap gains with data expected to show weaker growth. Passersby are reflected on a...
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Reuters - Business

South Korean court upholds 45-day ban on Asiana’s San Francisco flights

Reuters
by Reuters04
FILE PHOTO: An Asiana Airlines Boeing 747-400 taxis at San Francisco International Airport, San Francisco, California, February 7, 2015. REUTERS/Louis Nastro SEOUL (Reuters) – South Korea’s Supreme Court on Thursday upheld a government decision to suspend Asiana Airlines’ (020560.KS) Incheon-San Francisco route for 45 days, adding to the debt-ridden carrier’s...
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Reuters - Business

Asian shares tick up, sterling off five-month peak as crunch Brexit talks eyed

Reuters
by Reuters01
SYDNEY/TOKYO (Reuters) – Asian shares inched higher while sterling came off five-month highs in volatile trade on Wednesday as investors looked to whether Britain can secure a deal to avoid a disorderly exit from the European Union. FILE PHOTO: A man looks on in front of an electronic board showing...
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Reuters - Business

Global stocks edge higher on Brexit hopes, trade optimism fades

Reuters
by Reuters04
LONDON (Reuters) – Global stocks edged higher on Tuesday yet safe havens were still in play as markets tried to balance fading optimism over the latest China-U.S. trade truce with the likelihood of a Brexit deal by Thursday’s European Union summit. FILE PHOTO: The German share price index DAX graph...
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Reuters - Business

Hyundai Motor Group to invest $35 billion in future automotive tech

Reuters
by Reuters03
South Korean President Moon Jae-in delivers his speech during a ceremony declaring country’s vision to lead future mobility tech at Hyundai Motor’s Namyang R&D Center in Hwaseong, South Korea, October 15, 2019. Yonhap via REUTERS SEOUL (Reuters) – Hyundai Motor Group said on Tuesday that it plans to invest 41...
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Reuters - Business

Stocks rise on cautious Brexit deal hopes, oil extends losses

Reuters
by Reuters04
TOKYO (Reuters) – Asian stocks and Wall Street futures inched higher on Tuesday as some investors held out hope that Britain still had a chance to avoid a messy exit from the European Union at key negotiations this week. A man walks past in front of a stock quotation board...
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Reuters - Business

Stocks make cautious gains ahead of key Brexit summit

Reuters
by Reuters010
TOKYO (Reuters) – Asian stocks and Wall Street futures inched higher on Tuesday as some investors held out hope that Britain still had a chance to avoid a messy exit from the European Union at key negotiations this week. A man walks past in front of a stock quotation board...
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Reuters - Business

Asia relieved at latest trade truce, China data disappoints

Reuters
by Reuters05
SYDNEY (Reuters) – Asian share markets firmed on Monday as signs of progress in the Sino-U.S. trade standoff whetted risk appetite, though investors were wary of the damage already done to the global economy. FILE PHOTO: A woman points to an electronic board showing stock prices as she poses in...
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Reuters - Business

Trade war rejuvenates ‘Silicon Valley’ firms in Malaysia

Reuters
by Reuters07
PENANG, Malaysia (Reuters) – Years after resisting pressure to move to China, Lee Hung Lung says his bet has paid off. Sales at his Malaysia-based Hotayi Electronic are surging, it’s hiring more workers, considering an expansion, and picking and choosing orders. FILE PHOTO: An employee of the automated test equipment...
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Reuters - Business

ConocoPhillips quits northern Australia in $1.4 billion sale to Santos

Reuters
by Reuters03
MELBOURNE (Reuters) – ConocoPhillips (COP.N) has agreed to sell its northern Australian business to partner Santos Ltd (STO.AX) for $1.39 billion, in a deal that will hike the Australian group’s output by 25% and boost its position in the global gas market. FILE PHOTO: Logos of ConocoPhillips are seen in...
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Reuters - Business

Asia shares cheered by Sino-.U.S. trade progress

Reuters
by Reuters09
SYDNEY (Reuters) – Asian share markets pushed higher on Monday as signs of progress in the Sino-U.S. trade standoff whetted risk appetites, while pressuring safe-haven bonds and the yen. FILE PHOTO: A woman points to an electronic board showing stock prices as she poses in front of the board after...
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Reuters - Business

ConocoPhillips sells northern Australia assets to Santos for $1.39 billion

Reuters
by Reuters03
MELBOURNE (Reuters) – ConocoPhillips (COP.N) has agreed to sell its northern Australian business to its partner Santos Ltd (STO.AX) for $1.39 billion, in a deal that will boost the Australian oil and gas group’s output by 25%. FILE PHOTO: Logos of ConocoPhillips are seen in its booth at Gastech, the...
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Reuters - Business

Asian shares up as ‘very good’ trade talks boost risk appetite

Reuters
by Reuters07
SHANGHAI (Reuters) – Asian shares rose on Friday after U.S. President Donald Trump said he would meet with China’s top trade negotiator, stirring hopes for an agreement, while sterling was flat after earlier jumping on optimism over a potential Brexit deal. FILE PHOTO: An investor looks at an electronic board...
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