Hong Kong developer Lai Sun Development has launched an exchange offer for its US$493 million in notes due July 2026, seeking to swap them for new US dollar notes with an 8% coupon and a three-year tenor to ease liquidity pressures amid challenging commercial real estate markets.
Elon Musk has become the world's first trillionaire following SpaceX's stock market debut, with shares closing up 19% to value the company at $2.1 trillion. The IPO raised $75 billion, making it the most lucrative in history. Despite significant losses last year, investor confidence in SpaceX's future potential, including AI and data centers in space, drove the valuation.
Flutter Entertainment to delist from London Stock Exchange due to low trading and high costs, following move to New York in 2024
Vedanta's demerger exercise concludes as four entities—Vedanta Aluminium Metal, Vedanta Oil & Gas, Vedanta Power, and Vedanta Iron & Steel—begin trading on Indian stock exchanges on June 15. This move aims to unlock shareholder value and allow each business to pursue sector-specific opportunities with greater flexibility.
Biwin has signed a locked-volume, locked-price deal to buy enterprise-grade chips from Q3 2026 to Q2 2028. The contract, valued at 12.6 billion yuan, aims to secure medium- to long-term capacity and reduce supply disruption risks.
The Tokyo Stock Exchange opened lower, with the Nikkei index down 1.10% at 63,474.30 points. This follows a correction in US stock indices, exacerbated by escalating Iran-Israel hostilities and Israel's advance into Lebanon. Brent crude oil prices rose above $93 per barrel, and the yen weakened against the dollar and euro.
UK Business Secretary Peter Kyle aims to nurture the UK's first trillion-dollar company by increasing risk thresholds for public investment vehicles like the British Business Bank (BBB) and National Wealth Fund (NWF). Critics question the "aggressively ambitious" approach and potential for civil servants to act as fund managers, urging a return to disciplined investment principles.
Zhipu (Knowledge Atlas Technology) surpasses MiniMax in market capitalization, attributed to stronger AI capabilities, looming share unlocks, and investor preference for enterprise-focused businesses.
At least one company from Kazakhstan's sovereign wealth fund will list on the Hong Kong stock exchange this year, according to Frederick Ma Si-hang, head of the city's Trade Development Council. Kazakhstan is seeking to privatize state-owned firms, and Hong Kong's capital market is seen as an ideal location.
HKEX celebrates 40 years since Hong Kong's stock exchanges merged, marking growth from local to global superconnector amid challenges.
Unitree Robotics reports a 53% drop in Q1 adjusted profit to 40.3M yuan, despite 68% revenue growth to 422.8M yuan, citing increased expenses and fierce competition in the humanoid robot sector ahead of its Star Market IPO hearing.
Major world stock exchanges, including Hong Kong, London, Zurich, and New York, will be closed today due to public holidays. These closures are for Buddha's Birthday, Spring Bank Holiday, Angel's Monday, and Memorial Day, respectively.
WiseTech has started notifying staff about redundancies tied to its AI transformation, but employees said the company removed references to AI from an email sent to China-based staff. Workers in several countries described low morale, anxiety and unclear communication.
CFTC, İran ile yaşanan askeri gerilim öncesinde vadeli işlem piyasalarında açılan devasa pozisyonları inceliyor. Beyaz Saray'dan sızıntı iddiaları ve piyasa manipülasyonu şüphesiyle en az üç finansal aktörün işlem kayıtları mercek altında.
Alibaba projects AI revenue to reach 30 billion yuan ($4.42 billion) by year’s end, with AI products expected to generate over 50% of cloud-computing revenue within a year, driven by triple-digit growth in AI-related products for the 11th consecutive quarter.
Kunlunxin, the artificial intelligence chip unit of Chinese tech giant Baidu, is seeking a valuation of at least 100 billion yuan (US$14.69 billion) for its Hong Kong stock exchange listing, according to two people familiar with the matter. The valuation could change based on market conditions and final terms, according to one of the sources, who requested anonymity as the information was private. Baidu and Kunlunxin did not immediately respond to a request for comment on Friday. Separately,...
Kunlunxin, the artificial intelligence chip unit of Chinese tech giant Baidu, is seeking a valuation of at least 100 billion yuan (US$14.6 billion) for its Hong Kong stock exchange listing, according to two people familiar with the matter. The valuation could change based on market conditions and final terms, according to one of the sources, who requested anonymity as the information was private. Baidu and Kunlunxin did not immediately respond to a request for comment on Friday. Separately,...
The ASX opens higher following fresh records on two of Wall Street's major stock exchanges. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
The ASX is set to open higher following fresh records on two of Wall Street's major stock exchanges. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
The ASX opens higher following fresh records on two of Wall Street's major stock exchanges. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
HSBC, Hong Kong’s largest lender, reported broadly flat first-quarter profit as lower interest rates and provisions linked to the Middle East conflict offset solid growth in its wealth management business. Net profit for the first three months of 2026 rose 0.14 per cent year on year to US$6.94 billion, or 41 US cents per share, the London-based bank said in a Hong Kong stock exchange filing on Tuesday. The result missed the US$7.07 billion consensus estimate of 17 analysts polled by the...
Tokyo Stock Exchange starts the last trading day of the week slightly higher, following US stock indices rally, despite Iran-US negotiations stalemate on Middle East war. Nikkei opens up 0.13% at 59,363.64 points. Yen strengthens against dollar at 157.10 and against euro at 184.20.
Wingtech Technology faces a delisting risk warning on the Shanghai Stock Exchange after its auditor issued a disclaimer of opinion regarding Nexperia's financial records. The company has until the end of 2026 to resolve the audit issues.
For the first time Ukrainian equities have been included in a London-listed fund, which aims to channel investment into the nation’s eventual post-war reconstruction and current economic resilience.
