All three main indexes on Wall Street ended on a high Friday.
Seoul was marginally higher, though Tokyo ended the morning slightly lower, with Singapore, Jakarta and Wellington slightly off.The release of minutes from the Fed's March policy meeting will be pored over when they are released later this week, with traders hoping for fresh clues about its thinking.
On currency markets the pound was slightly higher against the dollar as British Prime Minister Theresa May looks to reach a deal with the opposition Labour Party to avert a hard Brexit, with a second deadline approaching on Friday. Oil prices extended last week's gains as an escalation of unrest in crude-rich Libya raised the prospect of a further tightening of supplies.
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Asia: Markets extend gains after strong data, pound holds ground[HONG KONG] Asian investors pressed on with their buying spree on Tuesday as they took up the baton from a strong Wall Street rally, cheered by healthy economic data, optimism over China-US trade talks and the prospect of no hike in borrowing costs. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Uber launches Asia-Pacific hub in Singapore, no plans to restart in South-east AsiaSINGAPORE - Just a little over a year after it announced its exit from Singapore and the South-east Asian market, Uber now says it is in the Republic to stay.. Read more at straitstimes.com. Guess low corporate taxes, lax regulations and not having to listen to Ariana Grande and Lady Gaga on the loop drew them back.
Source: The Straits Times - 🏆 8. / 63 Read more »
South-east Asia logistics platform TheLorry raises US$5.85m in Series B fundingTHELORRY, a South-east Asia logistics platform, has raised US$5.85 million in a Series B round led by FirstFloor Capital. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Asia-Pac M&A deals dive 24% in first quarter to US$119b, lowest since 2014 Q1MERGERS and acquisitions (M&A) deal value in Asia-Pacific excluding Japan 'nosedived' 24.5 per cent for the first three months of 2019 to 666 deals worth US$119.9 billion - its lowest since the first quarter of 2014, amid economic headwinds and the unresolved US-China trade war. Notable exceptions were Singapore, Thailand and Indonesia, where M&A value increased despite fewer deals, due to a number of large cap deals. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
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Source: BusinessTimes - 🏆 15. / 51 Read more »