Markets

London in HK link-up to trade in yuan

Enoch Yiu South China Morning Post 17.01.2012
London in HK link-up to trade in yuan

Hong Kong will help London develop as the next offshore yuan trading centre, shrugging off traditional competition between the two cities as part of a broader plan to boost international usage of the currency.

Zhengzhou China Resources to Delist From Hong Kong Exchange

Aibing Guo and Rachel Evans Bloomberg.com 10.01.2012
Zhengzhou China Resources to Delist From Hong Kong Exchange

Zhengzhou China Resources Gas Co. plans to delist from the Hong Kong stock exchange on Feb. 14 after China Resources Gas Group Ltd. (1193) increased its stake, Zhengzhou said in a statement to the Hong Kong stock exchange.


Hong Kong Exchange maintains No 1 ranking in IPO fund raising

Proactive Investors Australia 04.01.2012
Hong Kong Exchange maintains No 1 ranking in IPO fund raising

Hong Kong’s Initial Public Offering (IPO) market, benefitting from the listing success of Glencore International’s IPO, beat New York Stock Exchange (NYSE) and London Stock Exchange (LSE) to the top rank.

Most stock funds post losses this year; bonds gain

John Waggoner USA Today 19.12.2011
Most stock funds post losses this year; bonds gain

The average diversified U.S. stock mutual fund has fallen 5.9% this year, vs. a 1.4% loss for the Standard & Poor's 500-stock index, says Lipper, which tracks the funds. Out of 8,036 funds, 7,399, or 92%, are showing a loss — and some are doozies.


H.K. Tops U.S., U.K. in Financial Market Growth

Sanat Vallikappen Bloomberg.com 14.12.2011
H.K. Tops U.S., U.K. in Financial Market Growth

Hong Kong topped the World Economic Forum’s 2011 index of financial market development, supplanting the U.S. and U.K. from the highest rankings for the first time.

New China Life eyes approvals for $4 bln IPO next week-IFR

Fiona Lau, Soo Ai Peng Reuters 18.10.2011
New China Life eyes approvals for $4 bln IPO next week-IFR

New China Life, the country's third-biggest life insurer, aims to seek regulatory approvals for its potential $4 billion initial public offering in Hong Kong and Shanghai next week, Thomson Reuters publication IFR reported on Tuesday, citing a sou...


GE to Buy Back Shares From Buffett Next Month

(..) General Electric GE officially notified Berkshire Hathaway on Tuesday it intends next month to repurchase the $3 billion of preferred stock it sold him in October 2008.

Switzerland, the nation that hasn’t gone to war with a foreign power since Napoleon, is reluctantly debating a generational taboo: ceding monetary independence to win a battle over its runaway currency.


HKEx may make offer for London Stock Exchange-reports

Hong Kong Exchanges and Clearing Ltd , the world's most valuable and profitable exchange operator, intends to offer about HK$52 billion ($6.7 billion) to take over the London Stock Exchange , media reports said on Friday.

Aston Martin may list shares in Hong Kong

Graham Ruddick Telegraph 07.07.2011
Aston Martin may list shares in Hong Kong

Luxury sports car manufacturer Aston Martin's management are considering a stock market flotation which could take place in Asia rather than London.


Debt-hit Greece sees profit in air pollution: report

Greece could earn up to 170 million euros for its cash-strapped treasury from a trade of greenhouse-gas emission allowances on the Athens stock exchange, a report said Sunday.

Chinese Companies Abandoning U.S. Listings

Bei Hu Bloomberg.com 18.05.2011
Chinese Companies Abandoning U.S. Listings

Abax Global Capital, a Morgan Stanley-backed manager of $900 million of hedge and private equity funds, is seeking to profit from Chinese companies abandoning U.S. listings for higher valuations in Hong Kong.


First ever Palestinian bonds sold

An investment firm has sold the first ever bonds from a Palestinian borrower.

Mysterious Hong Kong Buyer for $600 Million of Fukushima-Owner TEPCO Shares

As the news from the Fukushima reactor gets worse and worse, it turns out that someone thinks the owner of that nuclear hell-hole -- Tokyo Electric Power Company, aka TEPCO -- is a "good bet".


Hutchison in $3 bn financing for spin-off: Report

Hutchison Whampoa Ltd has launched a $3 billion financing facility for Hutchison Ports Holdings Trust (HPH Trust) in a move to leverage the port unit ahead of its Singapore listing, Basis Point reported on Monday.

IMF calls for dollar alternative

The International Monetary Fund issued a report Thursday on a possible replacement for the dollar as the world's reserve currency. The IMF said Special Drawing Rights, or SDRs, could help stabilize the global financial system.


Global Stock Exchanges Are Headed for Major Consolidation

Germany's Deutsche Boerse is in advanced talks to buy NYSE Euronext, and the London Stock Exchange has agreed to buy Canadian stock market operator TMX, as exchanges globally look for ways to boost their markets and cut costs.

Prada board to mull Hong Kong IPO this week: source

Prada directors will meet Thursday to consider the Italian fashion company's first public listing, probably in Hong Kong, an industry source told AFP.


Sidestepping the U.S. Dollar, a Russian Exchange Will Swap Rubles and Renminbi

Russia and China are poised to take a small but symbolic step in their expanding economic relationship, a move that in the long term could make the dollar less relevant to business between the two nations.

Caterpillar plans bond issue in Hong Kong

Caterpillar, the world's largest heavy equipment maker, is planning a one billion yuan (150 million US dollars), two-year bond issue in Hong Kong, sources close to the deal told AFP Wednesday.



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