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Asia Market Wrap: Japan Shares Tank On Year's Last Day Of Trading, Chinese Shares Surge
Monday, December 30, 2019 - 2:42am | 337Read More...Shares across Asia Pacific traded in a mix on Monday, with the lack of a major catalyst driving the entire market, even as the markets in the U.S. closed on record highs on Friday. Stock Market Chinese stocks made sharp gains in trade by lunchtime after opening poorly. Shanghai Composite was up 0....
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Skepticism Surrounds Proposed Hong Kong-London Stock Exchange Deal
Thursday, September 12, 2019 - 4:07pm | 446Read More...The Hong Kong Exchanges and Clearing company's proposed $37-billion acquisition of rival London Stock Exchange could be dead on arrival, with the London exchange reportedly set to reject the offer and U.K. regulators likely to block a deal. Bloomberg Commentator: Odd Deal The...
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Ex-NYSE CEO: Hong Kong Exchange Makes Big Bet With LSE Offer
Wednesday, September 11, 2019 - 11:42am | 427Read More...The parent company of Hong Kong's stock exchange made an offer Wednesday to buy its London rival for $37 billion — "a lot of money," former NYSE CEO Dick Grasso told Fox Business in an interview. What Happened The Hong Kong Exchanges and Clearing company deserves credit for...
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The London And Hong Kong Stock Exchanges Could Merge
Wednesday, September 11, 2019 - 7:38am | 213Read More...The Hong Kong stock exchange has made a proposal to acquire the London Stock Exchange Group PLC for $37 billion, according to The Wall Street Journal. Hong Kong Exchanges and Clearing has said in a statement that combining the two exchanges would bring together the largest and most significant...
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Why Jefferies Just Downgraded Chinese Sportswear Brand Li Ning
Tuesday, June 9, 2015 - 3:29pm | 304Read More...Shares of Li Ning Co. Ltd. fell more than 4.5 percent Tuesday on the Hong Kong Stock Exchange after analysts at Jefferies downgraded it from Hold to Underperform, trimming their price target from HKD4.0 to HKD3.3, on the back of weak fundamentals. While the analysts expect steady growth in the...
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Direxion Launches New Leveraged China A-Share ETF
Wednesday, April 22, 2015 - 3:33pm | 448Read More...Chinese stocks have been red hot this year, and a new entrant in the ETF space is looking to intensify those returns through the use of leveraging. Direxion Investments recently introduced the Direxion Daily CSI 300 China A Share Bull 2x Shares (NYSE: CHAU). This ETF seeks to replicate 200...
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Melco Crown Introduces Motion To Voluntarily Withdraw Shares From Hong Kong Exchange
Friday, January 2, 2015 - 11:38am | 130Read More...Melco Crown Entertainment (NASDAQ: MPEL) announced on Friday that its Board of Directors unanimously approved a proposal to voluntarily withdraw shares from trading on Hong Kong's Main Board of the Stock Exchange for "reasons of cost and utility." The company reaffirmed its intentions to retain its...
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High On Hong Kong
Thursday, August 5, 2010 - 4:11pm | 179Read More...Investors may want to put Hong Kong on their investment maps. The region has been on fire lately as exports have been steadily rising. Bloomberg reported that Hong Kong’s exports rose nearly 27 percent from June of 2009. This crushed the analyst median estimate of 22.8 percent. Hong Kong reported a...
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U.K. Insurer Prudential plc (PUK) Hastens Hong Kong Listing
Monday, March 8, 2010 - 8:29am | 144Read More...U.K. insurer Prudential plc (NYSE: PUK) announced last week that it was looking to list on the Hong Kong Stock Exchange as part of a plan to buy AIA, the Asian operations of American International Group (NYSE: AIG) for $35.5 billion. Prudential plc announced on Monday that it would attempt to...
