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Morning Bid: Rising oil, yields rain on AI party
A look at the day ahead in European and global markets from Wayne Cole.
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European chemical earnings to test demand recovery after conflict-led pricing boost
European chemical companies are expected to report second-quarter results reflecting temporary support from Middle East conflict-related supply disruptions, though investors are in...
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Taiwan says Chinese vessel activity jumps, raising fears for Pacific supply routes
Taiwan detected a sharp rise in Chinese coast guard and research vessel activity around the island in June, prompting Taipei to plan drills simulating Chinese escalations off its P...
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Shares unsettled as oil climbs, earnings loom for AI
Shares slipped with bonds on Monday as the escalating conflict in the Gulf lifted oil prices and fanned fears of inflation, while a packed week of major tech earnings will further...
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Institutional demand for CXMT's $8.6 bln Shanghai IPO dented by chip stock selloff
Chinese chipmaker CXMT Corp's $8.6 billion initial public offering was more than 500 times oversubscribed by institutional investors, according to a filing on Sunday, but the dema...
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Democratic Taiwan must not become 'China's Taiwan', president says
Taiwan must work together to protect its democracy and not become part of China, President Lai Ching-te said on Sunday, calling on members of his Democratic Progressive Party (DPP...
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China's Jingye Steel urges UK to compensate its investment losses
China's Jingye Steel has urged Britain to immediately stop "trampling on international investment rules" and to promptly, fully and effectively compensate the company for all in...
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Former China Development Bank president put under anti-graft investigation
The former president of the China Development Bank, Ouyang Weimin, has been put under investigation on suspicion of serious disciplinary and legal violations, China's anti-g...
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China says it will take measures on UK's nationalisation of British Steel
China's Foreign Ministry said on Saturday that it would closely monitor the United Kingdom's nationalisation of Chinese steelmaker-owned British Steel and will take appropriate m...
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Rubio expected to discuss Trump-Xi summit in Asia meetings
U.S. Secretary of State Marco Rubio heads this weekend to meetings of Asia-Pacific countries in Manila, where he is expected to meet with his Chinese counterpart to prepare a poss...
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China calls US visa regulations 'discriminatory', threatens countermeasures
China on Friday urged the United States to withdraw its new "discriminatory" visa regulations and said it reserves the right to take reciprocal countermeasures.
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'Bloodbath': Analysts react to Asian shares sinking on tech selloff
Asian markets slid sharply on Friday, with equity benchmarks in Japan and Taiwan falling as much as 6%, as a global rout in technology stocks accelerated.
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China suppressing Taiwan 'everywhere', vice president says of PNG pressure
Taiwan faces an extremely difficult diplomatic situation because China is suppressing the island "everywhere", Vice President Hsiao Bi-khim said on Friday after Papua New Guinea s...
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Taiwan must heed calls to share responsibility for 'collective defence', president says
Taiwan must heed international calls to share the responsibility for "collective defence", President Lai Ching-te said on Friday, appealing for parliamentary support for new spend...
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Volvo Cars posts smaller profit for the second quarter
Sweden's Volvo Cars on Friday reported a decline in profits for the second quarter compared with the first three months while the automaker hopes to speed up its recovery with de...
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China's Moonshot unveils world's largest open AI model, closing in on US rivals
Chinese AI startup Moonshot on Friday unveiled Kimi K3, a 2.8 trillion-parameter model that it said is the world's largest open-weight AI system and delivers performance approachi...
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China's top airlines warn of heavy losses ahead of uncertain summer
China's biggest airlines enter the peak summer travel season facing a more challenging outlook after warning of heavy first-half losses, with weakening demand raising doubts that...
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