Australian Stock Exchange Faces Tighter License Conditions After Outage Probe

Australia’s financial regulator imposed additional conditions on three licenses held by the Australian Stock Exchange (ASX) following an investigation on a market outage last year. The Australian Securities & Investments Commission (ASIC) said in a statement on Wednesday that its …

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Samsung Plans to Build $17B Chip Factory in Texas

Electronics giant Samsung announced plans to build a $17 billion semiconductor factory in Taylor, Texas amid a global shortage of chips. The South Korean conglomerate said in a press release that the investment is their largest ever and will “improve …

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Evergrande Sells Entire Share in HengTen for $273M

China Evergrande Group is planning to sell its entire stake in streaming company HengTen Network Holdings for HK$2.13 billion ($273.5 million) as the embattled developer disposes of assets to pay off its debts. Evergrande will be selling 1.66 billion HengTen …

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Royal Dutch Shell Plans to Restructure for Energy Transition

Royal Dutch Shell announced that it plans to scrap its dual share structure and move its headquarters from the Netherlands to the U.K., pending a shareholder vote next month. The oil giant said on Monday that it plans to simplify …

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China Crackdown Pushes Hong Kong Out of Top Three IPO Venues

Hong Kong has been replaced by Shanghai in the world’s top three venues for stock listings as crackdowns in China’s private sectors continue to hurt investor sentiment. Shanghai took over third place after raising $45.6 billion in new initial public …

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Rising Chip Prices Boosts Samsung’s Quarterly Profit in 3 years

Samsung Electronics estimated that its earnings for the third quarter of 2021 have reached their highest in three years, with the boost largely coming from high semiconductor prices due to a global shortage. The world’s biggest maker of memory chips …

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Donald Trump Falls Off Forbes’ 400 Richest People in America

Former President Donald Trump has fallen off the list of Forbes’ 400 richest people in America on Tuesday after 25 years of being included on it. Forbes reported that Trump’s fortune dropped to $2.5 billion which is $400 million short …

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‘Pandora Papers’ Reveal Hidden Wealth, Secret Dealings of World Leaders

Some 11.9 million leaked financial documents, dubbed as the “Pandora Papers,” have revealed the secret offshore affairs of 35 current and former world leaders and 336 other public officials in over 91 countries and territories. The documents from financial services …

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