|Bid||219.600 x 0|
|Ask||219.800 x 0|
|Day's Range||218.800 - 220.000|
|52 Week Range||177.600 - 233.200|
|PE Ratio (TTM)||46.13|
|Forward Dividend & Yield||0.00 (0.00%)|
|1y Target Est||229.96|
Hedge fund Red Kite has filed a lawsuit against Barclays Plc (BARC.L), alleging the bank manipulated the copper market to its advantage, causing the hedge fund to lose $850 million (644.13 million pounds). The case pits one of the world's biggest metals hedge funds, whose co-founder Michael Farmer was a former treasurer of Britain's Conservative Party, against one of Europe's biggest investment banks. In court papers, Red Kite alleges that Barclays committed market abuse by manipulating market prices and using information from Red Kite about the hedge fund's copper positions from 2010 to 2013 to take lucrative opposing trades on metals markets.
HONG KONG (AP) — Hong Kong's last remaining stock market floor traders are taking their final orders as the exchange prepares to shut its trading hall.
Hong Kong Exchanges & Clearing Ltd (HKEX) is still in talks with oil giant Saudi Aramco, with the bourse's planned IPO investment link with China key to clinching the potential listing, Chief Executive Charles Li told Reuters on Tuesday. In February, Li said the stock exchange would bank on its role as a gateway to mainland China's deep-pocketed investors to win the coveted listing of state oil firm Saudi Arabian Oil Co [IPO-ARMO.SE].
Trading fees at the London Metal Exchange (LME) will likely be cut to bolster liquidity at the world's oldest and largest market for industrial metals, said the chief executive of its owner, Hong Kong Exchanges & Clearing (HKEX) . A 31 percent average fee hike in January 2015 is cited by metal industry officials as a major reason behind tumbling LME volumes, and the exchange is expected to announce fee cuts when it releases an industry reform plan later this week.
Hong Kong needs to find new ways to attract so-called new-economy companies to stay competitive, Charles Li, chief executive of bourse operator Hong Kong Exchanges & Clearing Ltd (HKEX) , told Reuters on Tuesday. In June, HKEX started a consultation on the launch of a third board that could allow companies to list with dual-class share structures and would target companies in sectors such as the internet and bio-tech. "The key is the market will understand that the bulk of the listing rule regulation is still going to be at the exchange (HKEX) but the SFC will take a proactive role whenever they see fit," he said, referring to the Securities & Futures Commission of Hong Kong.
Hong Kong Exchanges & Clearing Ltd. is having trouble winning over money managers to its plans for dual-class shares in the world’s fourth-largest stock market.
The Hong Kong stock exchange unveiled a long-awaited proposal for a new stock listing board on Friday that will offer special voting rights and waive profitability requirements, in a drive to attract firms which typically choose New York over the Hong Kong bourse. The proposal would allow Hong Kong Exchanges and Clearing (HKEX) to make a play for secondary listings from Chinese firms such as Alibaba Group and Baidu Inc that have been drawn to New York due to less stringent rules on profitability and share structures.
The Hong Kong stock exchange will begin a public discussion next month over whether to establish a trading board for young companies and firms with non-standard share structures, the bourse's chief executive officer said on Friday. The discussion comes amid general debate about Hong Kong's corporate governance rules and attractiveness as a listing destination, sparked by Chinese e-commerce firm Alibaba Group Holding Ltd favouring New York over Hong Kong for its record $25 billion initial public offering (IPO) in 2014.
Traders using the stock connect between exchanges in Hong Kong and mainland China may soon get more days to sell Chinese shares.
Nasdaq, Inc. (NDAQ) and Hong Kong Exchanges and Clearing Limited (HKEX) recently extended and strengthened their alliance with a new agreement.
Hong Kong brokerages have called on candidates for the city’s top job to ditch a planned overhaul of how initial public offerings are screened, trying to kill efforts that have been backed by international ...
Hong Kong's stock exchange will bank on its role as a gateway to mainland China's deep-pocketed investors to take on other leading venues and win the coveted $100 billion listing of Saudi Arabia's giant state oil company, Aramco, it said on Monday. Charles Li, the CEO of Hong Kong Exchanges and Clearing (HKEX), said access to Chinese capital and China's role as the world's largest importer of oil made Hong Kong a viable contender in the frantic race between listing venues.
Hong Kong traders are used to seeing strange things on the city’s small-cap exchange, home to some of the world’s biggest price swings. But the initial public offering of GME Group Holdings Ltd. on Wednesday ...
Lower trading volumes and a lack of strategy created a crisis that led to the resignation of London Metal Exchange Chief Executive Garry Jones after three years at the helm of the world's largest and oldest metals market, metal industry sources say. Parent company Hong Kong Exchanges and Clearing Ltd (HKEx) said on Monday that Jones was leaving the LME, but did not give a reason.
The Hong Kong stock exchange is proposing to launch a new listing venue that would allow companies with different voting rights to go public in the city, in a bid to remain a global listings powerhouse. The proposal comes amid a long debate on Hong Kong's attractiveness as a listing destination and on corporate governance norms, sparked by Chinese e-commerce giant Alibaba Group's decision two years ago to make its record $25 billion IPO in New York, much to Hong Kong's disappointment.