(Bloomberg) — Equity futures fell as growing speculation that the US will directly support Israel in its war against Iran fueled geopolitical uncertainty and concerns about the inflationary impact of higher crude prices. Most Read from Bloomberg S&P 500 contracts retreated 0.9% on a day when cash trading in US stocks and Treasuries is closed…
(Bloomberg) — Investors are bracing for $6.5 trillion of notional US options expiring on Friday, in a move that could free stocks to swing more wildly than the subdued changes seen in recent weeks. Most Read from Bloomberg Every quarter, a cluster of different exchange-traded derivatives contracts all terminate on the same day, leading to…
The US$23 billion sale of global port stakes by Hong Kong’s CK Hutchison could be subject to substantial changes if it is not already on the verge of collapse, with Chinese and Panamanian authorities possibly rejecting the terms, legal and logistics experts have said ahead of the deal’s deadline for exclusive negotiation. Their analysis followed…
Fintech firm Ant International, the global affiliate of Chinese tech giant Ant Group, said it would apply for a stablecoin issuer licence in Hong Kong once the new ordinance governing fiat-backed cryptocurrencies comes into effect in August. “We welcome the passage of the Stablecoins Bill … and hope to contribute more to the city’s vision…
Chery Automobile, China’s second-largest automobile maker by volume, is aiming to complete its initial public offering (IPO) in Hong Kong in the third quarter of this year, said its chairman. The company, based in Wuhu city in eastern China’s Anhui province, has filed its intention to list on the Hong Kong stock exchange and use…