Shares of Hong Kong Exchanges and Clearing Ltd (HKEX) were set to fall 3.3 per cent on Thursday after the bourse unveiled a US$39 billion takeover approach to the London Stock Exchange Plc (LSE) on Wednesday.
Shares of Hong Kong Exchanges and Clearing Ltd (HKEX) were set to fall 3.3per cent on Thursday after the bourse unveiled a US$39 billion takeover approach to the London Stock Exchange Plc (LSE) on Wednesday.
General Electric Co on Wednesday said it plans to reduce its ownership in oil and gas company Baker Hughes A GE Co to 38.4per cent from 50.4per cent at June-end, and aims to raise US$2.7 billion in the process.
U.S. President Donald Trump has ruled out for now slashing taxes on capital gains after a meeting with his advisers, a White House spokesman said on Wednesday.
Asian stocks rose on Thursday on hopes for a thaw in U.S.-China trade frictions and expectations that the European Central Bank will kick off another wave of monetary easing by global central banks.
China is considering tapping into its strategic frozen reserves of meat, its top economic planner said Wednesday, as it grapples with a swine fever outbreak that has ripped through its massive pig-farming industry.
U.S. President Donald Trump said on Wednesday the United States has agreed to delay increasing tariffs on US$250 billion worth of Chinese imports from Oct 1 to Oct. 15 "as a gesture of good will."
Harley-Davidson Inc has laid off 40 employees at its general merchandise division in Milwaukee as part of a restructuring exercise, according to a company official with knowledge of the matter.
Department stores are collapsing. The Internet is part of the problem, but so too is the hollowing out of the middle class, say two Swinburne University of Technology experts.
AT&T Inc said on Wednesday weakness in its wireless equipment unit could weigh on its third-quarter revenue.
