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July 31, 2021

Financial & Commodity Market Operators & Service Providers (TRBC level 4)

China shares end higher as some IT firms pledge against anti-competition

Reuters
* SSEC 0.6%, CSI300 0.8% * HK->Shanghai Connect daily quota used 5.2%, Shanghai->HK daily quota used 0.7% * FTSE China A50 +0.5% BEIJING, April 14 (Reuters) – China shares rose on Wednesday, with IT firms leading the gains, as investors cheered internet platform companies pledging to avoid anti-competitive behaviours after......

China’s Ant Group to become financial holding company: central bank

Reuters
FILE PHOTO: A thermal imaging camera is seen in front of a logo of Ant Group at the headquarters of Ant Group, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020. REUTERS/Aly Song/File Photo BEIJING (Reuters) – Ant Financial, the fintech affiliate of Alibaba Group Holding Ltd,......

Exclusive: Brazilian payments network Elo picks banks for IPO – sources

Reuters
SAO PAULO (Reuters) – Brazilian payments firm Elo has chosen six banks to manage its initial public offering, four sources close to the matter said, in the first concrete sign it is proceeding with a move first proposed by shareholders in August. FILE PHOTO: A view of the exterior of......

China’s blue-chip index ends lower as healthcare, consumer stocks slip

Reuters
SHANGHAI, April 6 (Reuters) – China’s blue-chip index retreated on Tuesday, pressured by healthcare and consumer companies, as upbeat economic data raised worries of policy tightening. ** The blue-chip CSI300 index fell 0.4% to 5,140.34, while the Shanghai Composite Index was flat at 3,482.97. ** As of last close, the......

China stocks set for weekly gain on upbeat economic data

Reuters
SHANGHAI, April 2 (Reuters) – China stocks rose on Friday and looked set to post their second straight weekly gain, as investors were encouraged by recent data pointing to a solid recovery in the world’s second-largest economy. ** The CSI300 index rose 0.9% to 5,156.13 by the end of the......

ByteDance considers listing Douyin in New York or Hong Kong: sources

Reuters
By Yingzhi Yang, Julie Zhu BEIJING/HONG KONG (Reuters) – ByteDance is in talks about a possible offshore listing of its short video app Douyin, the Chinese version of TikTok, in New York or Hong Kong, two people familiar with the matter said. A man stands near a giant sign of......

Breakingviews – Capital Calls – WFH animal spirits prompt deals

Reuters
Pastor Matt Johnson interacts with parishioners via Zoom in Sydney, Australia, April 12, 2020. NEW YORK (Reuters Breakingviews) – Concise insights on global finance in the Covid-19 era. ————————————————- IT’S VIRTUALLY FREE. Companies that service Wall Street-from-home are feeling their oats. On Monday Broadridge Financial Solutions, an $18 billion fintech......

Baby boomers next to jump into crypto, Galaxy Digital’s Novogratz predicts

Reuters
By Anna Irrera, Tom Wilson LONDON, March 25 (Reuters) – Wealthy baby boomers will be the next generation to jump into cryptocurrencies as they become more mainstream, potentially bringing billions of dollars to the rallying sector, said Mike Novogratz, founder of crypto firm Galaxy Digital. “It could be as much......

Cboe stock exchange expands into Asia to broaden market data

Reuters
LONDON (Reuters) – Cboe Global Markets Inc said on Thursday it was expanding into Asia by acquiring share trading platforms in Australia and Japan to broaden its footprint in the increasingly competitive sector of financial market data. FILE PHOTO: Chicago Board Options Exchange (CBOE) Global Markets sign hangs at its......

Nasdaq short interest up 5.6% in first half of March

Reuters
FILE PHOTO: A view of the exterior of the Nasdaq market site in the Manhattan borough of New York City, U.S., October 24, 2016. REUTERS/Shannon Stapleton NEW YORK (Reuters) – Short interest on the Nasdaq rose 5.6% in the first half of March, the exchange said on Wednesday. As of......

Robinhood confidentially files for U.S. stock market listing- sources

Reuters
March 23 (Reuters) – Robinhood Markets Inc, the online brokerage at the heart of the historic retail trading frenzy that gripped Wall Street this year, has confidentially submitted plans to regulators for a U.S. stock market listing, people familiar with the matter said. It was not immediately clear whether Robinhood......

Russia set to attract retail investors in record numbers, lobby group says

Reuters
MOSCOW (Reuters) – Russia is on track to attract a record number of retail investors in 2021 despite an anticipated rise in interest rates, the head of the National Association of Stock Market Participants (NAUFOR) lobby group said. FILE PHOTO: Moscow Exchange’s logo is displayed outside its office in the......

‘Human error’ by Australia’s stock exchange delays Airtasker market debut

Reuters
FILE PHOTO: The Australian Securities Exchange ASX logo is seen in Sydney, Australia, February 8, 2018. REUTERS/Daniel Munoz (Reuters) – The Australian stock exchange said the listing of online labour-for-hire marketplace Airtasker was delayed by a day due to “human error” on its part, in another setback for ASX Ltd......

‘Emperor’ Sassou seeks to extend long rule in Congo Republic

Reuters
BRAZZAVILLE (Reuters) – Congo Republic President Denis Sassou Nguesso looks set to prolong his decades-long rule in an election on Sunday in which he has pledged to revive the flagging economy. President of Congo Republic Denis Sassou Nguesso speaks during a meeting with Russia’s President Vladimir Putin at the Kremlin......

Timeline: Events leading up to Ant Group CEO Hu’s departure

Reuters
(Reuters) – Ant Group’s CEO Simon Hu unexpectedly resigned on Friday in the midst of the financial technology group’s regulatory-driven revamp after its scuttled initial public offering. FILE PHOTO: A sign of Ant Group is seen during the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, November 23, 2020.......

UPDATE 1-Nigerian stock exchange wins approval for public listing

Reuters
(Adds quote, details) LAGOS, March 10 (Reuters) – The Nigerian stock exchange said on Wednesday it has won regulatory approval paving way for a public listing of its shares. The exchange, the second biggest in sub-Saharan Africa and one of the main entry points to invest on the continent, has......

Chinese fintech platforms should meet capital requirements in two years

Reuters
FILE PHOTO: China’s top banking regulator Guo Shuqing speaks to reporters on the sidelines of the National People’s Congress (NPC) at the Great Hall of the People in Beijing, China, March 5, 2019. REUTERS/Thomas Peter BEIJING (Reuters) – China’s financial technology companies have a maximum of two years to meet......

China shares bounce higher; investors shrug off factory growth slowdown

Reuters
* SSEC +1.21%, CSI300 +1.54% * Follows >5% fall last week, biggest weekly drop in a year * Factory activity growth slows in February SHANGHAI, March 1 (Reuters) – China shares ended higher on Monday, rebounding from their biggest weekly loss in a year as investors bought shares bruised by......

Goldman’s consumer banking head Omer Ismail joins Walmart’s fintech venture- Bloomberg News

Reuters
Feb 28 (Reuters) – Goldman Sachs Group Inc’s consumer banking chief Omer Ismail is leaving to join Walmart Inc’s fintech venture, Bloomberg reported bloom.bg/3sGgEXn on Sunday citing people with the knowledge of his plans. David Stark, one of his top lieutenants at Goldman, will also join him, the report added.......

Robinhood plans confidential IPO filing as soon as March: Bloomberg News

Reuters
FILE PHOTO: The Robinhood App is displayed on a screen in this photo illustration January 29, 2021. REUTERS/Brendan McDermid/Illustration (Reuters) – Online brokerage Robinhood, at the centre of this year’s retail trading frenzy, is planning to file confidentially for an initial public offering as soon as March, Bloomberg News reported......

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