Markets

WeWork owner The We Company has postponed its initial public offering (IPO), walking away from preparations to launch it this month after a lackluster response from investors to its plans, Reuters reports. The US office-sharing startup...

Hong Kong Exchanges and Clearing (HKEx, 00388.HK) is embarking on a three-week charm offensive with London Stock Exchange investors as the Asian trading house tries to salvage its proposed US$39 billion takeover offer, Reuters reports. LSE’s...

The London Stock Exchange’s board will meet in coming days to decide on the Hong Kong bourse’s surprise US$39 billion takeover proposal, a source close to the British company said on Thursday, as the market poured...

If Wednesday’s surprise announcement by the Hong Kong Exchanges and Clearing (HKEx, 00388.HK) of its proposal to acquire the London Stock Exchange (LSE) were a drama, would it be a comedy or a tragedy? Well, some...

Hong Kong Exchanges and Clearing (HKEx) unveiled a US$39 billion takeover approach to the London Stock Exchange (LSE) on Wednesday that received a cool response from investors concerned about its regulatory and financial hurdles. To prevail,...

Hong Kong Exchanges and Clearing (00388.HK) has made an unsolicited US$39 billion takeover bid for the London Stock Exchange, an offer contingent on the LSE ditching its acquisition of data company Refinitiv. The combination would help...

“Hong Kong has no future and no option.” This was the running joke among brokers on Thursday after the Hong Kong Exchanges and Clearing (00388.HK) suspended derivatives trading for the first time in its history. Not a...

WeWork owner The We Company is considering slashing the valuation it will seek in an initial public offering to a little over US$20 billion, less than half the US$47 billion valuation it achieved in a private...

Philippine boxing champion Manny Pacquiao launched his very own cryptocurrency on Sunday at a free concert in Manila, where he serenaded more than 2,000 fans to drum up interest in the product. The 40-year-old boxer, who...

China’s biggest e-commerce company Alibaba Group Holding Ltd. has delayed its up to US$15 billion listing in Hong Kong amid growing political unrest in the Asian financial hub, Reuters reports, citing two people with knowledge of...

Electronic cigarette maker Juul Labs has raised US$325 million in an equity and debt offering to speed up its global reach amid intense regulatory scrutiny in its home turf in the United States, Reuters reports. Juul,...

US stocks fell sharply on Wednesday, with all the three major indexes crashing about 3 percent, as recession fears gripped the market after the US Treasury yield curve temporarily inverted for the first time in 12...

London Stock Exchange (LSE) said it has agreed to buy financial information business Refinitiv in a US$27 billion deal, confirming a move to transform itself into a market data and analytics giant. “This transaction is a...

Despite what doomsayers say, the local market appears to be taking the current political turmoil in stride. Fifty days after the mammoth rally against the extradition bill on June 9, one can say that the Hang...

London Stock Exchange Group shares rose more than 15 percent to a record high on Monday as investors cheered its US$27 billion bid to buy financial data firm Refinitiv Holdings, Reuters reports.  Analysts believe the deal...

The biggest shareholders in China’s new Nasdaq-style STAR Market lost a combined US$1 billion in the second day of trade on Tuesday, a day after the board’s roaring debut created three new billionaires, Reuters reports. All...

China’s new Nasdaq-style board for homegrown technology firms started trading on Monday, with most of the stocks surging in their debut, Reuters reports. Most of the first batch of 25 companies – ranging from chip-makers to...

On June 23, the Securities and Futures Commission (SFC) and the Independent Commission Against Corruption (ICAC) announced a joint operation that led to the arrest of a former head of the IPO vetting team of the...

Gold prices have been on a wild ride. Between 2000 and 2011, they rose from US$280 to around US$1,900 per ounce before falling back to US$1,050 in 2015. Currently, they are trading at around US$1,400 an...

British billionaire Richard Branson will take Virgin Galactic public by year-end, giving it the much-needed funds to take on Jeff Bezos’ Blue Origin in the race to space, Reuters reports. The company will list its shares...