Funds exit spurs finance groups to lower HSI targets
CCB International Securities cut its forecast by 2,400 points to 22,100 for the index by year-end. Instead of the 12 per cent full-year gain that it expected at the beginning…
LMEClear fees will match level at provider
The London Metal Exchange (LME) expects its in-house clearer LMEClear to charge members fees similar to provider LCH.Clearnet’s just-tripled charges for clearing LME trades. Brokers will pass these LME charges…
Global M&A slumps to four-year low
Mergers and acquisitions around the world slowed to their most sluggish pace since 2009 in the first half of this year, Thomson Reuters data shows, as recession-hit European companies put…
Money raised on capital markets sinks in first half of 2013
The city’s local-currency bond market measured by Hong Kong dollar issuance posted the lowest first-half level since 1998. Meanwhile, China’s domestic bond markets – which are by and large closed…
China liquidity crunch hits plan to restart IPOs after eight month freeze
On Monday, the Shanghai Composite Index plunged 5.3 per cent, closing at its lowest for nearly six months. Mainland shares suffered another volatile session yesterday as investors fretted about slowing…
Macau Legend re-launches reduced Hong Kong IPO
Casino owner Macau Legend Development re-launched its Hong Kong initial public offering on Wednesday, slashing the deal by more than half because of weaker than expected demand caused by volatile…
Royal Bank, others plan new Canadian stock exchange
Canada’s largest bank and some of its most influential fund managers plan to set up a new stock exchange to challenge the dominant TMX Group, one that would limit the…
China property bonds lead tumble
China’s builders have been the world’s worst-performing property bonds this quarter as Beijing allowed a record cash crunch to rebalance the economy away from property investment. Markets & Investing feed…
NZ’s Synlait Milk to raise NZ$120m in IPO, share sell-down
New Zealand dairy company Synlait Milk plans to raise a total of NZ$ 120 million (HK$ 720.2 million) in an initial public offering and share sell-down, ending the majority stake…
