05 May – 19 May
Japan’s producer prices rose for a fourth month straight in April as year-on-year growth gained more traction than expected and the pace of month-to-month inflation held steady.
Thailand’s economy expanded at a slightly quicker clip than expected in the first three months of the year amid a rebound in global trade.
Puerto Rico’s once-influential Government Development Bank has won agreement from some of its creditors to cut its debt burden and restructure its obligations.
Singapore’s investment vehicle is selling around half of the UBS stake it bought at the height of the financial crisis. UBS announced on Monday afternoon that GIC Private Limited, which holds investments on behalf of Singapore’s Government Investment Corporation, is selling 93m shares, or 2.4 per cent of UBS’s total share capital.
Equities were mostly higher in Asia on Tuesday as a rally in oil prices bolstered energy stocks across the region and the Nikkei 225 approached a multi-year high.
Major currencies continued to advance on the dollar in Asia trade on Tuesday, with the dollar index dropping 0.1 per cent to 98.857 after shedding a third of one per cent on Monday.
Italy’s sluggish economy failed to pick up pace in the first quarter, despite a brightening outlook for much of the eurozone at the start of the year.
Toshiba shares are on track for their biggest one-day drop in four months a day after forecasting a return to profit over the next 12 months, notwithstanding the highly complicated sale of its flash memory business.
Analysts think capital expenditure in Japan may have weakened in the first three months of the year, after data today showed spending retreated in March.
Drastic Opec-led production cuts have helped accelerate the oil market recovery but “much work remains” to drain excess inventories, the International Energy Agency said on Tuesday.
Twitter co-founder Biz Stone is returning to guide the messaging platform’s internal culture, as it tries to turn round slow user growth and declining revenue in the face of increased competition.
Tata Steel has agreed a settlement “in principle” to the long-running pensions saga at its UK business, a deal that could remove the last hurdle to a merger of the group’s European steelmaking operations with those of German rival ThyssenKrupp.
Japan has recorded its longest run of sustained growth in more than a decade as stimulative policy and a healthier global economy lead to a period of robust progress. Growth for the first quarter of 2017 came in at an annualised 2.2 per cent, according to the Cabinet Office, marking five quarters of continuous expansion in gross domestic product.
The Philippines’ economic growth edged lower at the start of 2017, with the headline figure for gross domestic product falling just below the government’s target range.
Shares in Henderson Land, the property developer company controlled by one of Hong Kong’s wealthiest families, are down after announcing it would pay an eye-watering $3bn for a car park in Hong Kong’s central business district.
The health arm of Chinese tech giant Alibaba swung from a loss and into a rally during the morning session after the company reported a sharpened net loss for the 2017 financial year.
Stock markets around Asia were mostly looking worse for wear on Friday, with investors still in a nervous mood after the intensification this week of political concerns in Washington.
For global investors and, indeed commentators, China remains a fascinating subject and one that carries a health warning.
For the first time since the Asian financial crisis, Indonesia’s sovereign bonds are rated investment grade by all three major credit ratings agencies after Standard & Poor’s today lifted its rating on the country’s debt.
Crude oil prices are making further gains, with the US benchmark once again within sight of the $50 a barrel mark.