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Author: traderhub8   |   Latest post: Fri, 24 May 2019, 4:23 PM

 

Phillip Capital Morning Note - 23/4/2019

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Tesla on Monday unveiled computer hardware for "full self-driving" capabilities as part of its strategy to bring autonomous cars to the mainstream.  
 
Japan's Toyota Motor Corp said on Sunday it was setting up a research institute in Beijing in partnership with Tsinghua University to study car technology using hydrogen power and other green technologies that could ease environmental problems in China.  
 
Huawei Technologies said on Monday its first-quarter revenue jumped 39 per cent to 179.7 billion yuan (S$36.32 billion), in the Chinese technology firm's first-ever quarterly results.
 
HYFLUX wants more time to try to return to solvency, and plans to file an affidavit to the Singapore High Court soon to give it an additional three-month reprieve from creditor claims.  
 
Oil prices jumped more than 2 per cent on Monday to a near six-month high, on growing concern about tight global supplies after the United States announced a further clampdown on Iranian oil exports.  
 
Gold prices rebounded on Monday from a near four-month trough hit in the previous session as investors resumed trading after the Easter holiday, with the bullion gaining further traction on higher crude rates.
 

Source: SGX Masnet, The Business Times, Bloomberg, Channel NewsAsia, Reuters, PSR

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