Hong Kong Exchange Q1 net profit inches up, hires finance chief
Hong Kong Exchanges & Clearing, Asia’s largest stock exchange by market value, reported a slight gain in first-quarter net profit, beating analysts’ expectations with results that were boosted by an…
Asian stocks up on Wall St rise, German data
Asian markets rose on Wednesday after the Dow closed at a record high on renewed optimism over the US economy and European markets soared following the release of impressive German…
Berkshire sells off more Moody’s shares, stake down to 11.1pc
Warren Buffett’s Berkshire Hathaway sold off another 1.375 million of its Moody’s shares in the past three trading days, leaving it with an 11.1 per cent stake in the parent…
HK’s Yue Yuen shares fall to 5-week low after profit warning
Markets & Investing feed…
Two large mainland SOEs test Hong Kong IPO appetite this week
Two large state-owned enterprises are swooping on the Hong Kong market with their long-awaited IPOs almost simultaneously this week, and the prospect of two large offerings is likely to cast…
Facebook, banks ask judge to throw out lawsuit
Facebook, its chief executive Mark Zuckerberg and dozens of banks asked a federal judge to throw out a lawsuit accusing the social media company of misleading investors about its financial…
Exchange Fund takes 43pc hit on investment income
Norman Chan Tak-lam, the chief executive of the Hong Kong Monetary Authority, which manages the fund, said the drop was due to the poor performance of the mainland stock market…
Kass, Berkshire’s Bear, is ready to ‘surprise’ Buffett
Hedge fund trader Doug Kass had his first brush with fame at the age of 10, when he appeared on a US television quiz show, Tic-Tac-Dough, and won every day…
MPF back in profit as markets rally
The Mandatory Provident Fund, covering 2.5 million employees in the city, returned to profit in April after recording two consecutive months of losses. Analysts attributed it to the recent worldwide stock…
