Musk’s Delayed Disclosure of Twitter Stake Gets SEC Probe

The U.S. Securities and Exchange Commission (SEC) is reportedly investigating Elon Musk’s delayed disclosure of his sizable purchase of Twitter shares last month. The Tesla CEO made his disclosure on April 4, 10 days late of the deadline for filing …

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Trading Halts for 33 Hong Kong Firms After Earnings Delay

Fourth EstateDigital signage marquee outside the Stock Exchange of Hong Kong. (file photo)

The Hong Kong stock exchange suspended trading for 33 firms over a delay in declaring their annual earnings. Major Chinese developers Shimao Group, Sunac China, and Kaisa Group are among the firms suspended from trading on Friday. Firms listed in …

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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Hong Kong has been replaced by Shanghai in the world’s top three venues for stock listings as crackdowns in China’s private sectors continue to hurt investor sentiment.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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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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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Hong Kong has been replaced by Shanghai in the world’s top three venues for stock listings as crackdowns in China’s private sectors continue to hurt investor sentiment.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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Mass Internet Outage Downs Australian and Hong Kong Sites

The Hong Kong Stock Exchange and several Australian websites went down after a mass internet service outage. The outage was reportedly caused by glitches on the servers of Akamai, a CDN provider.  The Hong Kong Stock Exchange reported that its …

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S&P Dow Jones Introduces New Cryptocurrency Indexes

S&P Dow Jones Indices introduced three new cryptocurrency indexes tied to Bitcoin and Etherium to track digital assets performance in cryptocurrency exchanges. The three new cryptocurrency indexes include: S&P Bitcoin Index (SPBTC),  S&P Ethereum Index (SPETH),  S&P Crypto Mega Cap …

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Markets Stand at Tipping Point as House Passes Biden’s COVID-19 Stimulus Package

US legislators pass Biden’s $1.9 trillion COVID-19 relief package as tech markets and bond yields remain points of concerns for investors. The financial Markets have had a mixed response to the proposed stimulus, with fears rising that an increased inflation …

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