Hong Kong Exchanges and Clearing (HKEX), which operates Asia’s third-largest stock exchange, reported record annual profit on higher market turnover and a surge in new listings amid a market rally that started in September. Net profit in 2024 increased 10 per cent to HK$13 billion (US$1.7 billion), or HK$10.32 per share, the company said in…
By Suzanne McGee and Niket Nishant (Reuters) – The Texas Stock Exchange (TXSE) is eyeing a 2026 launch after submitting paperwork to operate as a national securities exchange, its parent company said on Friday. The company hopes the U.S. Securities & Exchange Commission will approve the application before the end of the year as it…
(Bloomberg) — A startup stock exchange aiming to handle trades around the clock won a US watchdog’s approval to operate a venue 23 hours daily, five days a week. Most Read from Bloomberg 24X National Exchange, which counts Steve Cohen’s Point72 Ventures fund as a backer, secured permission to start offering sessions that span the…
Tropical Storm Toraji may have seemed largely a non-event to those braced for violent weather. What set it apart is that the city’s stock exchange broke with past practice by trading normally. By contrast, the Jockey Club abandoned the last three races of a nine-race card at Happy Valley on Wednesday night ahead of a…
Lui Che-woo, who rose from humble beginnings to become one of Asia’s biggest casino magnates, with a portfolio of hotels, resorts and property in Hong Kong and Macau, has died. He was 95. Lui, the chairman of the K. Wah Group of companies, passed away peacefully on November 7, according to separate filings to the…
The outgoing chairman of Hong Kong’s Securities and Futures Commission (SFC) believes the city will reassert itself as a world-leading venue for new share offerings, as listing reforms expected to be unveiled on Friday will attract more mega deals. “It is highly likely that Hong Kong can reach a higher ranking in the initial public…
Foreign Investors Can Now Access the Largest Stock Exchange in the Middle East through Interactive Brokers GREENWICH, Conn., October 09, 2024–(BUSINESS WIRE)–Interactive Brokers (Nasdaq: IBKR), an automated global electronic broker, and SNB Capital, the leading broker on the Saudi Exchange and largest investment bank in the Kingdom of Saudi Arabia, have announced a collaboration that…
Former President Donald Trump said he may consider moving his media company’s stock listing after it was briefly halted on the Nasdaq stock exchange. In a post to Truth Social on Friday, the former president complained about shares of Trump Media & Technology Group, which uses the ticker DJT, being halted by Nasdaq, writing that…