Breaking News

Tag Archives: FinTech

Asia Pacific Financial News from John Lothian – October 31, 2017 Asia/Pacific,Banks, Brokers & Managed Funds,Blog,Exchanges, OTC & Clearing,Fintech,Investing & Trading,Politics,Regions,Regulation,Regulation & Enforcement

Lead Stories HKEx’s chief defends LME deal, says will ‘eventually recoup’ the £1.4bn paid Henry Sanderson, Neil Hume – FT Charles Li, head of Hong Kong Exchanges and Clearing, defended his £1.4bn purchase of the London Metal Exchange, saying it was a rare asset that would eventually recoup the money paid for it. https://goo.gl/zz5RVX Hibor’s Frightening Halloween Turn; The cost for banks to borrow Hong Kong dollars from each other just shot up to a nine-year high Here’s a Halloween mystery: The cost for banks to borrow Hong Kong dollars from each other just shot up to a nine-year high….

Asia Pacific Financial News from John Lothian News – October 30, 2017 Asia/Pacific,Banks, Brokers & Managed Funds,Blog,Exchanges, OTC & Clearing,Investing & Trading,JLN Subgroups,Politics,Regions,Regulation,Regulation & Enforcement

Lead Stories Singapore unveils plan to bolster its status as an Asian financial hub Masayuki Kitano – Reuters Singapore unveiled a roadmap for strengthening its status as a financial hub in Asia, with the aim of growing the sector more than 4 percent a year and creating thousands of jobs. https://goo.gl/ovNfZo A New Asia-to-Europe Railway Route Is Opening Up By Zulfugar Agayev – Bloomberg Baku-Tbilisi-Kars line links Asia and Europe via Caucasus; Leaders from five countries attend opening of project Azerbaijan opened a long-delayed railway through the Caucasus region that’s intended to become a new transport corridor for goods carried…

Asia Pacific Financial News from John Lothian News – October 27, 2017 Asia/Pacific,Banks, Brokers & Managed Funds,Blog,Exchanges, OTC & Clearing,Fintech,Investing & Trading,Politics,Regions,Regulation,Regulation & Enforcement

Lead Stories Selfies and ceremony as the Hong Kong stock exchange’s floor trading hall closes for good; About 1,400 traders join the city’s Chief Executive Carrie Lam to bid farewell to the hall and to mark the end of 126 years of floor trading history Enoch Yiu – South China Morning Post Stock traders past and present, many wearing the traditional red jacket, joined government leaders at the trading hall of the Hong Kong stock exchange on Friday for its official closing ceremony, bringing down the curtain on 126 years of floor trading in the city. https://goo.gl/9JRU9N Trump’s business envoy…

Asia Pacific Financial News from John Lothian News – October 26, 2017 Asia/Pacific,Banks, Brokers & Managed Funds,Blog,Exchanges, OTC & Clearing,Fintech,Investing & Trading,Politics,Regions,Regulation,Regulation & Enforcement

Lead Stories At 87, a Stogie-Toting Legend Mourns the End of Trading Floors; As the Hong Kong exchange prepares to close its storied trading floor, the ‘Cigar King’ looks back By Steven Russolillo – WSJ When David Tung Wai visited the trading floor of Hong Kong’s stock exchange recently, he did so with the reverent sadness one shows for an elderly friend in declining health. https://goo.gl/XBYAJg Asia Now Has More Billionaires Than the U.S. By Katya Kazakina and Patrick Winters – Bloomberg One billionaire is created every three weeks in China: UBS; U.S. still has greatest amount of billionaire wealth,…

Asia Pacific Financial News from John Lothian News – October 25, 2017 Asia/Pacific,Banks, Brokers & Managed Funds,Blog,Exchanges, OTC & Clearing,Fintech,Investing & Trading,Politics,Regions,Regulation,Regulation & Enforcement

Lead Stories Trump’s Pearl Harbor; Could sanctions on North Korea prompt its leader to lash out militarily, as Japan did in 1941? MICHAEL JUDGE – Politico History might be on the verge of repeating itself — and, as is so often the case, not in a good way. https://goo.gl/UjusGy North Korea Calls US Naval Exercise Preparation for Nuclear War THE ASSOCIATED PRESS North Korea’s ambassador called on the U.N. Security Council Wednesday to urgently discuss the recent U.S. joint naval exercise near the Korean peninsula, calling it preparation for a pre-emptive strike and nuclear war against his country. https://goo.gl/q6PGmM Hong…

Asia Pacific Financial News from John Lothian News – October 24, 2017 Asia/Pacific,Banks, Brokers & Managed Funds,Blog,Exchanges, OTC & Clearing,Fintech,Investing & Trading,Politics,Regions,Regulation,Regulation & Enforcement

Lead Stories China’s Entrepreneurs Squirm Under Xi Jinping’s Tightening Grip By SUI-LEE WEE – NY Times Guo Junwen was a successful property developer in southwestern China when the authorities threw him behind bars three years ago on charges involving land use and seized his business. https://goo.gl/m3VzDG As ‘New Era’ Dawns, Xi’s Party Stays Out of the Sun; China’s growing influence confronts the world with a secrecy seen as a fact of life at home By Andrew Browne – WSJ The most important moment in the life of China’s Communist Party, the coming-out parade of its top leaders, is the culmination…

Asia Pacific Financial News from John Lothian News – October 23, 2017 Asia/Pacific,Banks, Brokers & Managed Funds,Blog,Exchanges, OTC & Clearing,Fintech,Investing & Trading,Politics,Regions,Regulation,Regulation & Enforcement

Lead Stories Banks plan to shift Asian trading from London to HK; Regulator gears up to handle moves in a blow to UK capital on managing Asia risk Laura Noonan in Hong Kong – FT Major investment banks are talking to regulators about routing their Asia-Pacific trading activities through Hong Kong instead of London, in a move that would have limited effect on jobs but would shift global finance’s centre of gravity further away from the UK capital after Brexit. https://goo.gl/Fw6Znk China sees long battle ahead for blue skies, clean water;Challenges persist while policymakers emphasize progress KENJI KAWASE, Nikkei Two…

Asia Pacific Financial News from John Lothian News – October 20, 2017 Asia/Pacific,Banks, Brokers & Managed Funds,Blog,Exchanges, OTC & Clearing,Fintech,Investing & Trading,Regions,Regulation,Regulation & Enforcement

Lead Stories End of an era as Hong Kong stock trading floor set to close By The Associated Press Hong Kong’s last remaining stock market floor traders are taking their final orders as the exchange prepares to shut its trading hall. https://goo.gl/kiuzjX Rage, Rocket Man and the price of Donald Trump’s vanity; US allies’ policy of working to minimise the president’s impact is running out of road Philip Stephens – FT The rage in the White House is unbounded. North Korean leader Kim Jong Un — “Little Rocket Man”, the US president calls him — must be destroyed. The international…

Asia Pacific Financial News from John Lothian News – October 19, 2017 Asia/Pacific,Banks, Brokers & Managed Funds,Blog,Exchanges, OTC & Clearing,Fintech,Investing & Trading,Politics,Regions,Regulation,Regulation & Enforcement

Lead Stories Nasdaq, SGX in pact to woo firms interested in listing on both boards Elzio Barreto – Reuters (Reuters) – Singapore Exchange Ltd (SGX) (SGXL.SI) and Nasdaq Inc (NDAQ.O) said on Wednesday they were teaming up to woo fast-growing Asian tech firms interested in listing on both their exchanges, as they look to better compete for mid-sized IPOs. https://goo.gl/3CRwo2 CME Group and JPX Enter into Agreement to Launch Japanese Yen-Denominated TOPIX Futures Contract on CME CME Group CME Group, the world’s leading and most diverse derivatives marketplace, and Japan Exchange Group (JPX), Asia’s leading comprehensive exchange group, today announced…