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African billionaire Aliko Dangote said shares in a Kenya refinery that he’s building will trade on the country's stock exchange. Breaking ground on the $16 billion project is planned for Wednesday, but a Kenyan court ordered it be paused after a group of petitioners filed a case opposing the project. Dangote was speaking at an investors’ event in Nairobi on Tuesday. (Source: Bloomberg)
GoTo Group shares tumbled after Indonesia’s stock exchange eliminated its 50-rupiah price floor, unleashing pent-up selling pressure from investors who had been unable to exit at the mandated minimum price.
After nearly a decade of waiting, India’s National Stock Exchange has finally gone public. But can NSE live up to years of hype and investor expectations? Rajesh Mascarenhas explains what’s behind the long-awaited debut. (Source: Bloomberg)
Goldman Sachs Asset Management, Franklin Templeton, and Fidelity International Ltd. are among the global first set to participate as anchor investors in National Stock Exchange of India Ltd.’s initial public offering, according to people familiar with the matter, as the bourse prepares to raise as much as 226 billion rupees ($2.4 billion).
South Korea’s main stock exchange is extending into evening sessions, breaking with Asia’s trading-hour norms to tap what it hopes will be sustained demand from global investors.
A former vice-president of Hong Kong’s stock exchange operator has been charged by the city’s corruption watchdog with allegedly failing to comply with a statutory order to declare his assets during a probe. Geoffrey Tong Po‑hang, 39, former vice-president of Hong Kong Exchanges and Clearing (HKEX), faces a count of failing to comply with a notice issued under the Prevention of Bribery Ordinance, the Independent Commission Against Corruption (ICAC) said on Thursday. He was released on bail...
Cosan's shares stop trading on the New York Stock Exchange on 18 September. Holders keep their receipts and trade them over the counter instead. The post Cosan Leaves the New York Stock Exchange on September 18 appeared first on The Rio Times.
Sundararaman Ramamurthy, BSE's Managing Director and CEO, says pricing in the recently launched Closing Auction Session has largely stabilized, but cautions that system stabilization remains critical. (Source: Bloomberg)
The concert promoter's co-founder bought out the minorities after a reverse split left the company with 6.7 million shares. The post Brazil’s T4F Leaves the Stock Exchange for R$12 Million appeared first on The Rio Times.