This action, which occurred during the final 15 minutes of local trading time on Tuesday, 9 April 2024, sunk China Tianrui Group Cement’s stock by 99%, and at the final bell, a share sold for 0.048HKD. According to Bloomberg, the company cited a pending announcement regarding inside information for the halt in trading. The company’s…
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The investigation covered the period between 31 July 2018 and 3 June 2019, which was the period when the fund was suspended due to liquidity issues. During that time, LFS didn’t manage the liquidity of the fund. This is necessary so that investments can be turned into cash and investors can access their funds quickly.…
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These new rules will align the country’s merger practices with those of developed economies. Coming into effect on 1 January 2026, these regulations aim to identify and prevent anti-competitive deals. Gina Cass-Gottlieb, the chairperson of ACCC, said: We welcome the Treasurer’s announcement today that the government will move to strengthen Australia’s merger laws, which…
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CNBC reported that this public address to Alibaba employees was the second in recent months. In an attempt to restore the Chinese technology mammoth to its former glory, the company made unprecedented organisational changes. In an internal memorandum to the firm’s employees, Ma reportedly wrote: Over the past year, amid external and internal doubt and…
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This is the highest mark so far and, according to Yahoo Finance, reflects an estimated 6% jump from the opening benchmark mean on Monday, 8 April 2024. In a note to clients, Harvey postulated that investors are overlooking the possibility of stock valuations that are too high in the present market clime. This keeps current…
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MRNA shares rose as high as 9% during the day, continuing their recent steady climb. This was enough for MRNA to lead the S&P 500’s list of top movers on Tuesday. The company presented details at the annual American Association for Cancer Research meeting on Monday. Here, it revealed interesting data on the use of…
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This figure was reported following a private meeting on Monday with the firm’s creditors and bondholders, which was widely reported in the media. Atos currently owes €2.4bn of debt that’s due for repayment in 2025. However, some sources suggest that the overall debt could be almost double that amount. It isn’t clear who will provide…
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The Chinese electric vehicle (EV) maker recorded Q4 earnings of $361m for a 92% quarter-on-quarter spike. It contributed this financial performance to its “asset-light business model” that boosted battery electric vehicle (BEV) production and sales. This revenue performance follows on the heels of the Lotus Tech IPO on 23 February 2024, less than two months…
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These profits were driven, in part, by semiconductor prices bouncing back after they dropped significantly last year and the demand for artificial intelligence products. SSNLF is the biggest memory chip maker in the world, and they’ve estimated their operating profit for Q1 at 6.6tn won ($4.89bn /$ 7.45bn AUD), which is better than the 5.7tn…
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These divisions reportedly did not implement protocols to create, sustain, and execute suitable supervisory systems regarding non-traditional ETPs. This action comes a decade after FINRA fined the company for similar transgressions. Since the 2014 misdeeds, the Stifel Financial Corporation (SF) subsidiaries devised new policies, but these also seemingly fell short of regulatory requirements. Investors hold…
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