What’s behind market volatility in China? March 23, 2022 It’s been a rollercoaster week for Chinese stock markets. We explain why and get the views of Schroders’ experts Robin Parbrook, Maggie Zheng and David Rees. In the last week, equity markets in mainland China and Hong Kong Special Administrative Region have experienced a rout, and a subsequent rally in the past two days. At [...]
Oil rally stalls as EU remains split on sanctions March 22, 2022 Oil prices stumbled today as the prospect of an EU embargo on Russian oil faded - while the dollar also strengthened in the US.
London fintech Jeeves gets Tencent backing in $180m funding round March 22, 2022 London corporate card fintech Jeeves has won the backing of Chinese tech giant Tencent in a fresh $180m funding round announced today.
China and Dubai cash in on roomier Russian market amid Western boycott March 22, 2022 As the West bail out of Russia over its invasion of neighbouring Ukraine, China and Dubai are seemingly cashing in on the roomier market. China’s top envoy in Moscow has urged Chinese business leaders to “fill the void” in the Russian market, Bloomberg first reported, after a growing tally of businesses and government’s have boycott [...]
Not a single soul survived plane crash of China Eastern Boeing 737, Chinese state TV reports March 22, 2022 No survivors have been found in the wreckage of a plane that crashed yesterday with 132 people on board, China’s state broadcaster reports this morning. The China Eastern plane which crashed in a forested and mountainous area on Monday was the country’s worst air disaster in a decade. The Boeing 737-800 crashed near the city [...]
Ericsson chair starts ISIS probe but backs backs Borje Ekholm as CEO March 21, 2022 Ericsson chairman Ronnie Leten said this morning that a comprehensive review is underway following the company's conduct relating to Iraq and how it was handled internally.
Boeing’s shares fall following China Eastern Airlines’ crash March 21, 2022 Boeing’s shares fell 4.60 per cent today, opening at $184.40 after a 737 operated by China Eastern Airlines crashed in the country. Compared to Friday’s closure, the company’s stocks went down 8 per cent in pre-market trading but recovered slightly after the bell. Authorities said the crash’s cause was still under investigation, but the plane [...]
As London faces off threats to its global status, Dubai is waiting in the wings March 21, 2022 Since the result of the 2016 Brexit referendum on our future in the world and beyond the single market, one of the issues which has caused most angst and speculation has been the status of London as one of the world’s greatest financial centres. With the end of free movement of goods, services and people, [...]
Shock and horror across Asia as China Eastern Boeing 737 with 133 people on board crashes in southwest China March 21, 2022 A Chinese airliner with 133 people on board has crashed in the southern province of Guangxi, sparking a mountainside fire, state media report this morning. Broadcaster CCTV said the accident involves a China Eastern 737 plane and occurred near the city of Wuzhou in Teng county. It said rescuers have been dispatched and there was [...]
1 Minute Market Rundown – 18th March 2022 March 18, 2022 Russia – UkraineRisk bouncesCrypto finds supportDovish hike by the Old Lady Risk continued to hold in well yesterday as equity and crypto markets held on to gains posted recently. Overnight we have seen the equity rally stall as the surge in Chinese tech stocks fizzled out and oil moved back above $100 a barrel. We [...]