Date
24 April 2018

Markets

  • “Fearless Girl”, whose message is for a bigger role for women in corporate America, will be moved by the end of 2018. Photo: Reuters

    ‘Fearless Girl’ to stare down the New York Stock Exchange

    Apr 20, 2018 8:05am
    The bronze statue of a little girl that became a tourism phenomenon by staring down Wall Street’s massive “Charging Bull” sculpture is to be moved to a nearby spot where its stern gaze will be on...
  • Cryptocurrencies have been impacted this year by fears of a crackdown from regulators and concerns that they have been in a speculative bubble that is now deflating. Photo: Bloomberg

    Cryptocurrency funds down nearly 30 percent in March

    Apr 19, 2018 9:23am
    Cryptocurrency funds were down 29.2 percent in March amid an ongoing slump caused by increased scrutiny from global regulators of the virtual assets, Reuters reports, citing a new index launched by data provider BarclayHedge. The Barclay...
  • Intraday volatility of the US market has shown sign of narrowing since April 13, which is a positive sign. Photo: Reuters

    Stock investing: Handling a difficult market

    - Apr 18, 2018 12:55pm
    With the equity bull trend seeming to run out of steam, I can understand why some investors are seeking to throw in the towel and head for the exit. Trading in a choppy market can indeed...
  • Cryptocurrency billionaires could help fund projects that improve the management of health-care finances. Photo: Bloomberg

    How should the crypto-rich spend their money?

    - Apr 16, 2018 12:20pm
    In February, Forbes published its first-ever list of cryptocurrencies’ richest people. The top ten were each worth around US$1 billion, while the wealthiest – an American blockchain innovator named Chris Larsen – was estimated to be...
  • Coincheck has not given details of how the January theft, one of the biggest ever of digital money, has affected its business. Photo: Reuters

    Japan’s Monex mulls takeover of crypto exchange Coincheck

    Apr 4, 2018 8:40am
    Japanese online brokerage firm Monex Group Inc. said it is considering buying Coincheck Inc., the cryptocurrency exchange hit by a US$530 million theft of digital money earlier this year, Reuters reports. Monex did not provide any...
  • Spotify ended the session at US$149.01, valuing the world’s largest streaming music service at US$26.5 billion. Photo: Reuters

    Spotify shares jump in record-setting direct listing

    Apr 4, 2018 8:08am
    Shares of Spotify Technology SA ended up 12.9 percent on their first day of trade on the New York Stock Exchange, a smooth debut that could pave the way for other companies looking to go public...
  • Chinese streaming service iQiyi reportedly priced its US initial public offering at US$18 per share, in the middle of its target range. Photo: Reuters

    China’s iQiyi said to raise US$2.25 billion from IPO

    Mar 29, 2018 8:23am
    Chinese streaming platform iQiyi Inc. priced its US initial public offering at US$18 per share, in the middle of its target range, Reuters reports, citing a source familiar with the matter. The Netflix-like video platform had...
  • Most Kwai Chung co-founders at the stock listing ceremony on Wednesday. Photo: HKEJ

    Media Chinese cashes in on Most Kwai Chung frenzy

    - Mar 28, 2018 4:03pm
    The amazing Most Kwai Chung, the company behind the satirical weekly magazine 100Most and online media platform TVMost, has produced an unlikely winner – Media Chinese International Ltd. (00685.HK) chairman Tiong Hiew King. The stock, with...
  • Dropbox co-founder and CEO Andrew Houston will have 24 percent of the company after selling 2.3 million shares in the offering. Photo: Bloomberg/Internet

    Dropbox IPO priced higher than expected on strong demand

    Mar 23, 2018 9:46am
    Dropbox Inc.’s initial public offering, the largest tech stock debut in more than a year, was priced at US$21 per share, higher than expected. That would give the San Francisco-based company a market cap of about...
  • TVMost's online entertainment show and its mascot TVMost Buddy. Most Kwai Chung, producer of the show, is set for a record-breaking initial public offering in Hong Kong. Photo: TVMost

    Most Kwai Chung can offer more than just quick IPO profit

    - Mar 21, 2018 12:05pm
    Most Kwai Chung, operator of the online satirical media platform TVMost and magazine 100Most, is set for a record-breaking initial public offering in Hong Kong. As of Tuesday, market sources said margin financing for subscription of the company’s...
  • Amazon has become the second-most valuable publicly traded company in the US following stupendous stock gains over the past year. Photo: Reuters

    Amazon tops Alphabet in market cap, now No. 2 US-listed firm

    Mar 21, 2018 9:31am
    Amazon.com on Tuesday moved ahead of Google parent Alphabet in market capitalization for the first time, becoming the second-most valuable publicly listed US company after Apple. Shares of the world’s top e-commerce firm closed up 2.7...
  • Traders work on the floor of the New York Stock Exchange on Monday. Facebook shares tumbled 6.8 percent, wiping nearly US$40 billion off its market value. Photo: Reuters

    Wall Street falls as Facebook drags down tech shares

    Mar 20, 2018 8:10am
    US stocks dropped on Monday, with the S&P and Nasdaq suffering their worst day in just over five weeks, as concerns over increased regulation for large tech companies was spearheaded by a plunge in Facebook shares,...
  • B&S International's top executives and their family members attend the firm's listing ceremony in Hong Kong on Wednesday. Photo: HKEJ

    Beauty and the sweet IPO

    - Mar 15, 2018 5:29pm
    You know they are hot. But perhaps not sure how long the ride can last. In case you are wondering, I’m talking about the new listings that Hongkongers just can’t seem to get enough of. In...
  • Foxconn has been cleared to launch a Shanghai IPO of a unit to raise funds for new projects related to smart manufacturing, cloud computing and 5G solutions. Photo: Bloomberg

    Foxconn unit wins China approval for Shanghai IPO

    Mar 9, 2018 9:15am
    China’s securities regulator has given the go-ahead to Taiwan’s Foxconn group, the world’s largest contract electronics manufacturer, to list a subsidiary on the Shanghai Stock Exchange. The China Securities Regulatory Commission has approved the floatation of...
  • Top officials of cryptocurrency exchange Coincheck bow during a news conference in Tokyo on Thursday. Photo: Reuters

    Japan punishes 7 cryptocurrency exchanges over control lapses

    Mar 8, 2018 4:52pm
    Japan on Thursday punished seven cryptocurrency exchanges, ordering two of them to suspend business, in an effort to shore up consumer protection, Reuters reports. Coincheck Inc., one of those punished, said it plans to reimburse from next...
  • A US court has upheld a determination that cryptocurrencies can be deemed as commodities and be regulated as such. Photo: Reuters

    Virtual currencies are commodities, US judge rules

    Mar 7, 2018 8:51am
    Virtual currencies can be regulated as commodities by the US Commodity Futures Trading Commission (CFTC), a federal judge ruled in New York Tuesday. US District Judge Jack Weinstein in Brooklyn ruled that the CFTC had standing...
  • China's securities regulators could give domestic investors access to overseas-listed Chinese tech giants via depositary receipts. Photo: Bloomberg

    China plans new share issue option to bring tech giants home

    Mar 6, 2018 9:31am
    China may allow its offshore-listed tech giants to sell a form of shares on the mainland, Reuters reports, citing people with knowledge of the plan. The move would pit Shanghai and Shenzhen against Hong Kong in...
  • Spotify, launched in 2008 and available in more than 60 countries, is the biggest music streaming company in the world. Photo: Reuters

    Spotify files for direct listing on New York Stock Exchange

    Mar 1, 2018 9:05am
    Music streaming service Spotify on Wednesday filed for a direct listing of its shares, taking an unusual path to the US public markets for a large company, Reuters reports. A direct listing will let Spotify list...
  • The rate of return on stocks is likely to be substantially lower over the next 15 years than it was over the last 15 years. Photo: Reuters

    The economic message from equity markets

    - Feb 26, 2018 9:30am
    The recent stock-market correction – the first in the United States in two years – has invited substantial commentary about what investors should do, the role machines have played, and the implications for the real economy....
  • The US Securities and Exchange Commission is seeking 'clearer and more robust disclosure' by firms facing cyber-security issues. Photo: Bloomberg

    US regulator updates guidance on cyber-risk disclosures

    Feb 22, 2018 9:41am
    The US markets regulator on Wednesday updated guidance to public companies on how and when they should disclose cyber-security risks and breaches, including potential weaknesses that have not yet been targeted by hackers, Reuters reports. In...

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