Archive For The “Stock Exchange” Category

London Stock Exchange rejects Hong Kong’s $39 billion takeover offer

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London Stock Exchange rejects Hong Kong’s $39 billion takeover offer

LONDON: The London Stock Exchange emphatically rejected the Hong Kong bourse’s $39 billion takeover offer on Friday, opting to stick with its planned purchase of data and analytics group Refinitiv. The LSE told HKEX in a letter that it had fundamental concerns about key aspects of the proposal which it said had no strategic merit, and that…

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National Stock Exchange to tie up with SGX Singapore again via Gift city, says MD Vikram Limaye

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National Stock Exchange to tie up with SGX Singapore again via Gift city, says MD Vikram Limaye

Mumbai: The largest bourse, National Stock Exchange (NSE) on Tuesday said it has sought to renew its association with the SGX of Singapore to help its overseas clients trade on its benchmark Nifty through the International Finances Service Centre (IFSC), Gift City, Gandhinagar, Gujarat. The joint proposal by NSE and SGX is the result of the…

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Spanish Stock Exchange to Go Live With Blockchain Collateral Pledge Certificates

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Spanish Stock Exchange to Go Live With Blockchain Collateral Pledge Certificates

Bolsa de Madrid (BME), Spain’s largest stock exchange, said it expects to go live by year-end with a blockchain-based system for certifying collateral pledges after testing the technology. The test “has shown a reduction in the total times of end-to-end processes exceeding 80 percent,” BME said Thursday, as well as the potential to radically improve…

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London Stock Exchange Leads $20 Million Bet On Blockchain To Cut Out Custody Middlemen

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London Stock Exchange Leads $20 Million Bet On Blockchain To Cut Out Custody Middlemen

Outside the London Stock Exchange, which has invested in a blockchain platform aimed at turning the capital markets into a blockchain-powered vending machine.AFP/GETTY IMAGES If Nivaura gets its way, the world’s capital markets will run like vending machines. Instead of a complex web of depositors holding stock certificates and investment banks holding cold, hard cash,…

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KSE 100 stock index tanks nearly 4% after Indian Air Force shot down Pakistan’s F-16 jet

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KSE 100 stock index tanks nearly 4% after Indian Air Force shot down Pakistan’s F-16 jet

Karachi Stock Exchange’s benchmark index KSE 100 made a low of 37,330.38 on Wednesday as against Tuesday’s closing value of 38,821.67, falling as much as 3.85% Representative Image  |  Photo Credit: Getty Images New Delhi: Panic swept the trading floor on the Karachi Stock Exchange on Wednesday. After a 785 points plunge on Tuesday, Pakistan’s benchmark stock exchange KSE 100 tanked…

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London Stock Exchange says won’t hit targets

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London Stock Exchange says won’t hit targets

London Stock Exchange Group PLC (LSE.LN) said Friday that its revenue and profit rose strongly in 2018, but investment means it won’t hit its previously stated cost and margin targets this year. The exchange operator made an adjusted operating profit of 931 million pounds ($1.24 billion), up 15% from the prior year. Including depreciation, amortization…

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Karachi Stock Exchange benchmark index KSE 100 recoups most losses after morning

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Karachi Stock Exchange benchmark index KSE 100 recoups most losses after morning

New Delhi: Karachi Stock Exchange benchmark index KSE 100 recoups most losses after morning crash. The benchmark index of the Karachi Stock Exchange, the KSE 100, had recouped most of its losses by 1630 IST but it was still down 129 points at 38,692.69, a spectacular recovery after crashing almost 1,500 points in the early part…

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Clash with India wrecks Pakistan’s stock market, Karachi Stock Exchange crashes 1,500 points

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Clash with India wrecks Pakistan’s stock market, Karachi Stock Exchange crashes 1,500 points

The Pakistani stock market tanked in trade today amid reports that Pakistan Air Force’s F-16 that violated Indian air space was shot down in Indian retaliatory fire 3 km within Pakistan territory in Lam valley, Nowshera sector. The Karachi Stock Exchange (KSE) 100 crashed 1,491 points to 37,330 level today compared to its previous close…

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