Empire State Building debuts on New York Stock Exchange
New York City’s iconic Empire State Building went public on Wednesday as part of a real estate trust traded for the first time on the New York Stock Exchange. Markets…
Loss-making Twitter seeks to raise US$1 billion in IPO
Twitter revealed its highly anticipated stock offering on Thursday, with the hugely popular messaging platform seeking to raise up to US$ 1 billion on Wall Street. Markets & Investing feed…
Forgame shares jump 32.35 per cent on Hong Kong debut
Shares of Forgame, the mainland’s largest developer of web games, soared by more than a third in their Hong Kong trading debut yesterday, underscoring investor optimism for technology companies that…
Web images of Tesla S in flames drive carmaker’s stock down 6 per cent
Tesla Motors shares fell 6 per cent on Wednesday after an automotive blog published images of a Model S electric sedan in flames after an accident on Tuesday morning just…
Brokers lukewarm on yuan futures night trading
Brokers have poured cold water on a planned review by Hong Kong Exchanges and Clearing that could see yuan currency futures added to the night trading session. Markets & Investing…
US securities watchdog proposes rules to monitor trades in dark pools
A US securities industry watchdog has proposed new rules to monitor transactions in “dark pools” run on alternative trading systems (ATSs). Critics blame the growth of these rivals to traditional…
Big asset managers could pose risk to market, US Treasury says
Some activities of asset managers could pose risks to the broader marketplace, according to a study released by the US Treasury Department on Monday that boosted the likelihood the largest…
Response to Westports offering signals pent-up demand for Southeast Asian IPOs
Westports, the operator of Malaysia’s busiest port, priced its initial public offering at the top of its projected range to raise US$ 680 million, signalling a boost for Southeast Asia’s…
Why further rally in Chinese stocks is unlikely
In early July, long-depressed Chinese stocks stepped into the unlikely role of stars among emerging markets. But the outperformance has ended, and it’s very unlikely investors will see a repeat…
Insurance activist Lai Yan-cheong: sales tactics are wrong
A member of Hong Kong’s first anti-insurance product activist group, Lai Yan-cheong, used to work as an insurance agent in the US. He moved to California in 1992 and found…
