US stocks end short trading session on mixed note
NEW YORK – US stocks ended with a mixed showing on Friday, after a shortened session following the Thanksgiving break and as shoppers headed out in search of Black Friday deals.…
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Hong Kong plans to legalise retail crypto trading to become hub
HONG KONG – Hong Kong is pivoting toward a friendlier regulatory regime for cryptocurrencies with a plan to legalize retail trading, contrasting with the city’s skeptical stance…
Wall Street ends higher after choppy trading ahead of Fed
NEW YORK – Wall Street’s main indexes closed higher on Monday after seesawing during the session as investors wait to see how aggressively the Federal Reserve will hike interest…
China said to ask banks to prepare for longer yuan trading hours
BEIJING – China plans to extend the yuan’s trading hours as it seeks to increase global investor participation in onshore currency trading as part of its internationalisation…
Rouble slumps against US dollar as trading in Russia restarts
TOKYO – Russia’s rouble slumped against the US dollar as local trading reopened on Wednesday (March 9) for the first time this week. The currency was down 7.8 per cent at 113.8825…
China Mobile shares jump on trading debut in Shanghai after US ouster
China Mobile, the country’s largest wireless carrier by sales that was removed from the United States market last year, surged in its first day of trade in Shanghai. The state-run…
South Korea largest payments app Kakao Pay more than doubles in trading debut
SEOUL – Kakao Pay, South Korea’s largest mobile payments app, more than doubled in its debut in Seoul, following a rocky path to public markets that was marked by heightened regulatory…
US Fed bans stock trading, restricts other investing activities by top officials
WASHINGTON – The US Federal Reserve on Thursday (Oct 21) banned individual stock purchases by top officials at the central bank and unveiled a broad set of other restrictions on their…
Wall Street opens Q4 trading with gains
WASHINGTON – US stock indices rose at the end of Friday’s (Oct 1) trading to end a rocky week that saw the third quarter end on a sour note.Traders began the first session of the…
China Evergrande onshore bond trading suspended after downgrade
HONG KONG – China Evergrande Group’s main unit, Hengda Real Estate Group applied on Thursday (Sept 16) to suspend trading of its onshore corporate bonds following a downgrade, as the…