Investing.com– Gold prices rose slightly in Asian trade on Monday as geopolitical turmoil in Syria and South Korea helped spur some safe haven demand, although a strong dollar limited most gains. The yellow metal was nursing a muted performance in recent weeks, as increased geopolitical tensions were offset by heightened uncertainty over U.S. interest rates,…
Investing.com– Chinese biotechnology stocks surged on Monday, with WuXi shares leading gains after proposed U.S. legislation to blacklist the sector was excluded from a recent defense bill. WuXi AppTec Co Ltd (SS:603259) (HK:2359) surged over 8% in Shanghai and Hong Kong trade, while WuXi Biologics (HK:2269) rose nearly 9%. Asymchem Laboratories Tianjin Co Ltd (HK:6821),…
SYDNEY (Reuters) – Citigroup (NYSE:C) has appointed Harish Raman as the head of its equity capital markets (ECM) execution, origination and solutions business for Asia North, Asia South and Australia, according to a memo seen by Reuters on Monday. Raman will also retain his current title as the head of equity capital markets syndicate for…
By Brad Brooks (Reuters) – An amended lawsuit filed in federal court on Sunday alleges that rap mogul Jay-Z raped a 13-year-old girl along with Sean “Diddy” Combs during a party in 2000. Jay-Z denied the allegations on social media and blasted the lawsuit, calling it part of a “blackmail attempt” by the plaintiff’s lawyer….
By Liz Lee and Joe Cash BEIJING (Reuters) – China’s exports likely grew in November, slower than last month’s bumper data but continuing an upbeat trend as Chinese exporters likely frontloaded shipments amid growing tariff risks from the incoming U.S. administration. Outbound shipments are expected to have risen 8.5% year-on-year by value in November, the…
Investing.com– The Reserve Bank of Australia is widely expected to keep interest rates unchanged in December, although recent signs of cooling Australian economic growth are expected to temper the bank’s hawkish tone. The RBA is widely expected to keep its benchmark cash rate at 4.35%, and is unlikely to provide any direct cues on plans…
Investing.com– Most Asian equities were lower on Monday as South Korean shares plunged to their lowest levels in more than a year on deepening political unrest in the country, while investors assessed key economic data releases from China and Japan. Risk appetite among investors was timid as they were also worried about geopolitical tensions in…
Investing.com– Oil prices rose slightly in Asian trade on Monday as traders weighed an increased risk premium on heightened geopolitical tensions in Syria, although concerns over weakening demand persisted. Concerns over softer demand saw crude clock losses last week, although these were tempered by heightened tensions between Israel and Lebanon keeping some risk premium in…
SHANGHAI/BEIJING (Reuters) – China’s top electric vehicle producer BYD (SZ:002594) is set to show further market share gains when November vehicle sales data is released on Monday, putting it on course to exceed its annual goal and overtake Ford (NYSE:F) and Honda (NYSE:HMC) in global sales. BYD has been on an extraordinary expansion this year,…
BEIJING (Reuters) – China’s consumer inflation hit a five-month low in November, while producer price deflation persisted, even as the economy received support from recent stimulus efforts. The world’s second-largest economy is bracing for likely fresh tariffs from a second Donald Trump White House and still dealing with other headwinds, suggesting more policy stimulus will…
