23 July 2018


  • 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 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...
  • The inquiry into bitcoin and other virtual currencies will consider whether the government is striking the right balance between protecting customers and businesses without stifling innovation. Photo: AFP

    British lawmakers launch inquiry into cryptocurrencies

    Feb 22, 2018 9:13am
    Britain’s cross-party Treasury Select Committee of lawmakers said it is launching an inquiry into digital currencies, as well as the underlying distributed ledger technology, Reuters reports. The probe will focus on the opportunities and risks posed...
  • Traders work on the floor of the New York Stock Exchange shortly after the opening bell on Wednesday. Photo: Reuters

    US stocks fall as Fed minutes send bond yields higher

    Feb 22, 2018 9:13am
    US stocks finished lower in a choppy session Wednesday on renewed worries over higher interest rates following the release of minutes from the Federal Reserve’s January meeting. Investors became nervous as the yield on the benchmark 10-year...
  • News that South Korea’s financial regulator is easing its stance on bitcoin and other cryptocurrencies has given traders confidence to buy, analysts said. Photo: AFP

    Bitcoin nearly doubles in value from year’s low

    Feb 21, 2018 8:48am
    Bitcoin hit a three-week high on Tuesday and has surged nearly 100 percent from its lowest level this year, as its recovery continued after South Korea’s financial regulator eased its stance on cryptocurrencies, Reuters reports. Choe...
  • Lawmakers are concerned that cryptocurrencies could threaten the US economy. Photo: Reuters

    US Congress sets sights on federal cryptocurrency rules

    Feb 20, 2018 8:58am
    US lawmakers are moving to consider new rules that could impose stricter federal oversight on bitcoin and other cryptocurrencies, Reuters reports, citing several top lawmakers. Bipartisan momentum is growing in both houses of Congress for action...
  • Following Thursday's slide, major US indexes are down more than 10% from their Jan.26 all-time highs, meaning the market is now in correction territory. Photo: Reuters

    US stocks plunge again; market in correction territory

    Feb 9, 2018 9:00am
    US stocks suffered another big selloff on Thursday, with the Dow Jones Industrial Average tumbling more than 4 percent, as investors fretted about rising bond yields and the market’s recent volatility. The Dow finished 1,032.89 points,...
  • Markets remain skittish after the Dow on Monday suffered its largest single-day percentage loss in more than six years. Photo: Reuters

    US stocks end lower as uncertainty reigns

    Feb 8, 2018 9:25am
    US stocks finished lower on Wednesday after early gains, with investors remaining cautious after the recent market slide and hedging their bets. Technology and energy sectors took a beating, while financials and industrials helped provide some...
  • J. Christopher Giancarlo, chairman of the Commodity Futures Trading Commission, speaks during a Senate banking committee hearing in Washington DC on Tuesday. The panel is looking into issues related to regulation of virtual currencies. Photo: Bloomberg

    Bitcoin bounces back from three-month low in choppy trade

    Feb 7, 2018 9:31am
    Bitcoin bounced back from three-month lows on Tuesday, moving past US$8,000 at one point during the day before settling below that level in volatile trading. On the Luxembourg-based Bitstamp exchange, the virtual currency hit a high...

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