(Reuters) -Hong Kong launched a scheme on Tuesday to offer smoother listings for tech companies on its stock exchange, as it looks to capitalize on Chinese companies’ growing appetite to raise funds offshore. The new “technology enterprises channel” will make new listings easier for specialist technology and biotechnology firms, the bourse operator and Hong Kong’s…
Last week, President Trump finally announced his long-awaited “Liberation Day” tariff plan: a new 10% minimum tax on all goods entering the United States from overseas plus much-larger-than-expected “reciprocal” levies on imports from major trading partners such as China (34%), Japan (24%) and the European Union (20%). The stock market plummeted in response, reflecting global…
Nvidia’s shares fell despite unveiling its next-generation artificial intelligence chips at the annual GPU Technology Conference (GTC), highlighting the risk-off sentiment-driven markets. ADVERTISEMENT On Tuesday, Nvidia announced its new generation of artificial intelligence (AI) chips, designed to power future advancements in robotics and self-driving cars at the annual (GTC) in San Jose, California. However, its…
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…