PRE-MARKET AUSTRALIA, JAPANESE AND SOUTH KOREAN STOCK NEWS: Rio Tinto (RIO AS) – Co. to sell its entire interest in Grasberg Mine in Indonesia for USD 3.5bln. (Newswires)


Myer Holdings (MYA AS) – Co. is reportedly to cancel plans to sell Sass & Bide business. (Newswires)

Rio Tinto (RIO AS) – Co. to sell its entire interest in Grasberg Mine in Indonesia for USD 3.5bln. (Newswires)

BHP (BHP AS) – Co. completed sale of Fayetteville onshore US gas assets to a unit of Merit energy

Australian Banks – The major banks (CBA, WBC, ANZ and NAB) will be forced to scrap sales-based incentives for all staff to avoid scandals. (AFR)

Aurizon (AZJ AT) – Co. is seeking compensations for “stranded asset risk” in the event their rail lines and ports could be made obsolete by the shift from fossil fuels to clean energy. (AFR)

Nufarm (NUF AT) – Co. completed entitlement offer. (Newswires)

Blackham Resources (BLK AT) – Co. announces term sheet with A-Cap (ACB AS) in relation to a cobalt nickel farm. (Newswires)

Regis Resources (RRL AT) – Co. withdrew the bid for Capricorn. (Newswires)


Brent crude oil hit four-year highs. (The Australian)


Eisai (4523 JT) – Co. announces FDA approval of FYCOMPA for the treatment of partial-onset seizures. (Newswires)

Toray (3402 T) – Co. may report a slight drop in H1 operating profit; according to Nikkei. (Nikkei)

Toyota (7203 JT) – Co. has said production at its UK factories would be disrupted in the event of a no-deal Brexit. (BBC)

Nippon Steel (5401 JT) – Co. raised its stake in a bidding war for India’s Essar. (Nikkei)

Mizuho (8411 JT) – Co. has created an investment find with India’s Tata group that targets promising privately held Indian companies. (Nikkei)

Mitsui (8031 JT) – Co. is to invest in Robe River JV mine development in Western Australia. (Newswires)


– A strong typhoon hit mainland japan injuring dozens and causing a halt in Shinkansen services and a closure of Kansai International Airport. (Nikkei)

– Japan’s FSA is to conduct a survey to determine whether regional banks and other lenders are extending excessive credit to real estate investors; according to Nikkei. (Nikkei)

– Japan is to promote cashless payments following the expected sales tax hike in 2019. (Newswires)


SK Holdings (003605 KS) – Co. is said to be in talks to sell its stake in SK Shipping. (Newswires)

SK Innovation (096770 KS) Co. is said to consider a new car battery plant in the US. (Newswires)


– North Korea’s Foreign Minister announced that North Korea would not take the first steps towards denuclearisation without further guarantees from the US. He also warned of the increasing mistrust between Pyongyang and Washington DC. (Telegraph)