Markets

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...

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...

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...

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...

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...

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 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...

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 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...

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.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...

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,...

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...

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...

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...

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 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...

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 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 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...