12/12 Shares in Steinhoff rose more than 20 percent on Wednesday, on track for their biggest daily gain in nearly a month, after the company's Pepkor Europe business reported a jump in annual revenue growth.
09h00 Round-up of South Korean financial
South Korea's KOSPI stock index ended higher on Thursday
as the Sino-U.S. trade war showed signs of abating. South Korean
bond yields dropped, while the currency won gained.. . .
09h00 An era of extraordinarily easy
monetary policy in the euro zone is drawing to a close as the
European Central Bank is set to announce formally on Thursday
that its massive bond-buying scheme will. . .
08h19 SoftBank Group Corp plans
to replace 4G network equipment from China's Huawei Technologies
Co Ltd with hardware from Nokia and Ericsson
, Nikkei reported on Thursday, without citing sources.. . .
08h11 China has switched another 3.29
million households to gas heating this winter, Reuters
calculations show, more than it added last year, as Beijing
continues to push the use of cleaner fuels to curb pollution.. . .
08h00 Last week, Brazilian investigators
accused four of the world's largest oil-trading firms of
participating in a corruption scheme focused on Brazil's
state-controlled oil company Petrobras.
Federal prosecutors allege Vitol, Glencore,. . .
07h44 Most Asian currencies strengthened on
Thursday as signs of a thaw in U.S.-China trade tensions
prompted investors to dip their toes back into riskier assets.
The Indonesian rupiah strengthened the. . .
07h28 Coal railway workers at
Australian hauler Aurizon Holdings Ltd are planning
strikes after a breakdown in pay negotiations, their trade union
said, a move that could delay shipments from the world's largest
coking coal export. . .
07h12 Incoming foreign direct
investment to Indonesia is expected to be around $11 billion to
$13 billion this year, less than the average in recent years of
$20 billion per year, a senior official said. . .
07h12 China's Hengli Petrochemical
Group will start test-running its new oil refinery
in the northeastern city of Dalian on Dec. 15, according to a
company statement, slightly behind an earlier timeline of around
the end of. . .
06h52 The pound held onto most of the
previous session's gains on Thursday after British Prime
Minister Theresa May survived a no-confidence vote, buying time
to try to steer her unpopular Brexit deal through a. . .
06h47 The Panama Canal Authority
said on Wednesday that an arbitration tribunal has ordered the
construction consortium behind the waterway's expansion to pay
back nearly $848 million to the canal authority.. . .
06h46 Gold prices slipped on
Thursday as the dollar steadied and equities climbed on signs of
easing trade tensions between the United States and China, while
palladium rose to a record high, trading at a. . .
06h31 Stocks in China and Hong Kong rallied on
Thursday as investors expect the Chinese leadership to prop up
economic growth with new measures this month and ease policy
further in 2019.
** By midday, the. . .
06h29 Southeast Asian markets climbed tracking
broader Asia as Sino-U.S. trade worries softened, while
Philippines shares were poised for their third straight session
of gains ahead of the central bank's policy meeting later in the
day.. . .
05h47 China's yuan inched up against
the U.S. dollar on Thursday, as positive progress in Sino-U.S.
trade tensions continued to offer support, but gains were capped
by some demand for the greenback.. . .
05h42 Chicago soybean futures inched
down on Thursday to ease from a six-month high reached in the
previous session, although losses were limited as China made its
first major purchases of U.S. beans since a. . .
05h29 Canada should distance
itself from U.S. "hegemonism" and grant unconditional freedom to
Meng Wanzhou, a top executive of China's Huawei detained in
Vancouver on Washington's request, state-owned tabloid Global
Times said in a Thursday editorial.. . .
05h23 Lazada Group, a
Southeast-Asian e-commerce company backed by Alibaba Group
Holding, appointed Pierre Poignant as its new chief
executive officer (CEO) on Thursday as part of its succession
planning.. . .
05h04 Smog in northern China worsened
in October and November compared to a year earlier,
environmental group Greenpeace said on Thursday, as the
government eases the pace at which it ramps up air quality
controls at. . .
04h58 Huawei executive
Meng Wanzhou, released on bail on Tuesday to await a ruling on
U.S. extradition at one of her luxury Vancouver homes, may have
received welcome ammunition in court from an unlikely source. . .
04h51 Insurance claims from the
recent spate of California wildfires, including one ranked as
the most deadly and destructive in state history, have topped $9
billion and are expected to grow, the state insurance
commissioner reported. . .
04h37 Japanese shares advanced on
Thursday as investors cheered Wall Street's overnight gains,
thanks to signs of easing Sino-U.S. trade tensions, with
technology firms getting a boost from a rally in their U.S.
peers.. . .
04h08 Australia and New Zealand Banking
Group said on Thursday its local head of retail and
commercial banking is stepping down for personal reasons, as the
bank ends a difficult year that has shaken up. . .
03h46 The New Zealand Treasury
trimmed the country's growth forecast for 2019 and flagged a
smaller surplus as it cautioned of risks to the economy from
global trade frictions and slowing immigration.. . .
03h31 The Australian dollar held near a
one-week high as riskier assets were boosted by signs of
progress in Sino-U.S. trade relations, while New Zealand's
currency was steady as the government unveiled a healthy budget.. . .
03h27 Australian shares pulled ahead on Monday,
though buyers lacked conviction after two sessions of solid
gains as investors looked to more developments on Sino-U.S.
trade talks amid tentative signs of easing tensions between the
two. . .
02h08 China on Wednesday made its
first major purchases of U.S. soybeans since President Donald
Trump and his Chinese counterpart Xi Jinping struck a trade war
truce earlier this month, providing some relief to U.S.. . .
02h06 A top U.S. Justice Department
official pushed back on Wednesday against President Donald
Trump's comment that he might intervene in a legal case
involving an executive from the Chinese telecommunications firm
Huawei Technologies Co if. . .
02h05 The U.S. Treasury yield curve
will invert next year, possibly within the next six months, much
earlier than forecast just three months ago, with a recession to
follow as soon as a year after. . .
01h01 The European Central Bank is
all but certain to formally end its lavish bond purchase scheme
on Thursday but will take an increasingly dim view on growth,
raising the odds that its next step. . .
01h00 The new head of India's central
bank said on Wednesday he would consult more closely with the
government on policy issues and meet heads of state-run lenders
within hours to address problems facing the. . .
01h00 China's port
city of Zhoushan is planning to challenge Singapore's dominance
of the multi-billion dollar shipping fuel industry, relying on
proximity to some of the world's biggest ports and Beijing's
support to give it an. . .
00h59 British Prime Minister Theresa
May survived a confidence vote by the Conservative Party on
Wednesday, but a mutiny by more than a third of her lawmakers
indicated parliament was heading towards deadlock over Brexit.. . .
00h47 Nissan Motor Co Ltd plans
to boost the number of external board members and set up a
committee to oversee compensation as part of its effort to
improve governance following the arrest of former. . .
00h32 China appears to be easing its
high-tech industrial development push, dubbed "Made in China
2025," which has long irked the United States, amid talks
between the two countries to reduce trade tensions, according to
new. . .
00h14 Mexico's government on
Wednesday flagged state oil giant Pemex's 'delicate' finances as
it prepared to present the 2019 budget, seeking to reassure
markets by saying that the company should not be saddled with
more debt. . .
00h02 Sterling retreated from earlier
highs on Wednesday after Prime Minister Theresa May survived an
attempt to oust her, but by a margin that only reinforced the
extent of opposition to her deal for exiting. . .
00h01 U.S. stocks closed up on
Wednesday afternoon, though well below their session highs as
investors pulled back in the last few minutes of trading despite
optimism about U.S.-China trade relations and some reassuring
signs in. . .
12/12 Latin American stocks rose on Wednesday,
riding a broader wave of optimism on world trade, while Latin
American currencies took advantage of a soft dollar to firm
U.S. President Donald. . .
12/12 Cryptocurrency startup AriseBank will pay
$2.3 million to the U.S. Securities Exchange Commission (SEC) to
settle accusations of defrauding investors through claims such
as building a cryptocurrency bank.. . .
12/12 An "ineffective" safeguard
failed to prevent an explosive mixing of air and fuel at a Husky
Energy refinery in Superior, Wisconsin, leading to a
blast and fire in the plant's gasoline-producing unit in April,
a. . .
12/12 Prime Minister Theresa May
survived a confidence vote from her Conservative party on
Wednesday, but more than a third of her lawmakers said she was
no longer the right leader to implement Britain's exit. . .
12/12 Oil ended lower on Wednesday
after reports that Iran's oil minister said divisions exist
within the Organization of the Petroleum Exporting Countries,
leading futures to give up earlier gains on OPEC-led production
curbs and export. . .
12/12 The pound pulled back
from session highs late on Wednesday after Britain's Prime
Minister Theresa May survived a no-confidence vote but by a
smaller margin than many in the market had expected.. . .
12/12 Australian shares were poised to open
little changed as investors remained cautious, awaiting concrete
actions by the United States and China towards easing their
The local share price index. . .
12/12 A gauge of global stock markets
rallied along with U.S. Treasury yields on Wednesday as optimism
abounded for a trade thaw between the United States and China
while sterling bounced on indications UK Prime. . .
12/12 Barrick Gold Corp
has made progress in talks with the Tanzanian
government to resolve a nearly 2-year-long tax dispute, but it
is premature to say a deal has been reached, a person familiar
in the. . .
12/12 U.S. stocks were up 1 percent on
Wednesday afternoon, though well below their session highs, as
investors were hopeful about U.S.-China trade relations after
the latest comments from both sides and eyed some reassuring
signs. . .
12/12 A hack on Italian oil
services firm Saipem that crippled more than 300 of
the company's computers used a variant of the notorious Shamoon
virus, Saipem said, a development that links the case to. . .
12/12 The Canadian dollar strengthened
against its U.S. counterpart on Wednesday as the greenback
broadly declined, and as stocks got a boost from optimism over
trade negotiations between the United States and China.. . .
12/12 U.S. soybean futures hit a
4-1/2-month high on Wednesday as China bought U.S. soybeans for
the first time since U.S. President Donald Trump and his Chinese
counterpart Xi Jinping met in early December.. . .
12/12 The pound rallied on Wednesday,
rebounding from a 20-month low, as traders bet British Prime
Minister Theresa May would survive a no-confidence vote on her
leadership, allowing her to salvage her deal for Britain. . .
12/12 U.S. Treasury yields climbed on
Wednesday on signs of progress in U.S.-China trade discussions
and easing tensions on Britain's exit from the European Union
after UK Prime Minister Theresa May looked to have garnered
enough. . .
12/12 Yemen's warring
parties agreed on Wednesday to reopen Sanaa airport in the
Houthi-held capital and resume oil and gas exports, sources
said, as Western nations pressed them to accept
confidence-building steps before the end of. . .
12/12 Finance Minister Bruno Le Maire
said on Wednesday he favoured calling on big companies to
contribute to efforts to keep France's budget deficit as close
as possible to the EU limit next year.. . .
12/12 The Italian government has
offered to lower its deficit target for next year, Prime
Minister Giuseppe Conte said on Wednesday, with the European
Commission declaring that good progress has been made in a
dispute over. . .
12/12 Gold prices edged higher on
Wednesday as the dollar slipped and expectations for the number
of U.S. interest rate hikes next year dimmed, increasing the
appeal of non-interest yielding bullion.. . .
12/12 New York cocoa futures
rallied 4 percent on Wednesday, boosted by speculative buying
and expectations of a slowdown in supplies from top producer
Ivory Coast, while sugar fell and robusta coffee dropped to a
2-1/2-month. . .
12/12 China on Wednesday bought at
least 500,000 tonnes of U.S. soybeans in its first major
purchase of the oilseed since U.S. President Donald Trump and
his Chinese counterpart Xi Jinping struck a trade war. . .
12/12 Climate change talks
billed as the most important U.N. conference since the Paris
2015 deal on limiting global warming are in their final week in
Katowice, the capital of Poland's Silesian coal mining district.. . .
12/12 Canadian Foreign Minister
Chrystia Freeland will hold a news conference to discuss
extradition procedures on Wednesday, a day after U.S. President
Donald Trump said he might intervene in the extradition case of
Huawei Technologies' executive. . .
12/12 Prime Minister Theresa May has
secured indications of support from nearly 200 of her lawmakers,
which would be enough to ensure she wins a confidence vote on
Wednesday, based on statements made to the. . .
12/12 Uncertainty over what would
happen to flight bookings in the event of Britain leaving the
European Union without a deal next year is "very concerning", a
senior International Air Transport Association (IATA) official
said on. . .
12/12 European shares rallied on
Wednesday after U.S. President Donald Trump sounded upbeat about
a trade deal with China and optimism grew that Italy could reach
a compromise with the European Commission over its disputed. . .
12/12 The European Union is preparing
to give more Brexit assurances to Britain's Theresa May at a
summit this week if she survives a no-confidence vote within her
party, but sources said the bloc will. . .
12/12 British stocks rose on Wednesday
as investors welcomed conciliatory talk from U.S. President
Trump on trade and became more convinced Prime Minister Theresa
May would see off a leadership challenge and win a no-confidence
vote.. . .
12/12 The European Bank for
Reconstruction and Development will stop financing coal projects
and nearly all oil projects, it said on Wednesday, as part of a
global effort by government-owned development banks to reduce
climate change.. . .
12/12 Copper slipped on Wednesday as
investors shrugged off upbeat comments from U.S. President
Donald Trump about a potential trade deal with China, while the
dollar hovered near a one-month peak against its peers.. . .
12/12 Germany's cabinet backed plans
on Wednesday to increase compensation paid to land owners
affected by the construction of new electricity grids needed to
carry green power produced in the remote north to industrial
areas in. . .
12/12 British investigators have frozen
a bank account linked to a multi-billion dollar Azerbaijani
money-laundering scheme that a network of investigative
reporters has alleged rinsed dirty money mainly through four,
UK-registered shell companies.. . .
12/12 India's rapid economic growth
will be enough to offset worries about the independence of its
central bank and keep its credit rating in the coveted
investment grade bracket, S&P Global said on Wednesday.. . .
12/12 After suffering an electoral
thrashing at the hands of Prime Minister Narendra Modi's Hindu
nationalist party in 2014, India's small regional and
caste-based parties are back in the reckoning months ahead of
the next general. . .
12/12 Two German property firms on
Wednesday said they plan to invest 1 billion euros ($1.14
billion) to develop tiny apartments with communal facilities
across Europe in the next three to five years, with. . .
12/12 Norway's Petroleum Safety Authority
(PSA) has told Transocean , Maersk Drilling
and Odfjell Drilling to beef up emergency
evacuation equipment and procedures on 22 offshore oil rigs, it
said on Wednesday.. . .
12/12 U.S. consumer prices were
unchanged in November, held back by a sharp decline in the price
of gasoline, but underlying inflation pressures remained firm
amid rising rents and healthcare costs.. . .
12/12 Turkey will issue foreign
currency bonds to individual investors from next week, its
Treasury said on Wednesday, a move aimed at broadening the
government's funding and tapping into money that is sitting in
bank accounts.. . .
12/12 The Canada Pension Plan
Investment Board (CPPIB), the country's biggest public pension
fund, plans to continue deploying capital in China, despite
political tensions between the two nations, Chief Executive Mark
Machin said on Wednesday.. . .
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