Massmart Holdings Ltd.’s Game Stores unit will today open a second outlet in the Malawian capital, Lilongwe, said Mark Turner, a director of Game Africa.
The worst stock decline since December 2008 was absorbed by the market and while some investors panicked, there were no signs liquidity was withdrawn as in the selloff of May 2010, traders said.
Investors trading Facebook Inc. after its $16 billion initial public offering opens may have to navigate circuit breakers adopted after the crash of May 2010.
The longest weather-related shutdown of U.S. stock trading since 1888 ended Oct. 31 without incident, while underscoring how vulnerable the world’s biggest financial market remains to disasters.
Trading of over-the-counter stocks was halted for 3 1/2 hours today in the U.S. after a network failure disrupted one of the main venues, prompting regulators to order a complete shutdown.
Facebook Inc.’s initial public offering will be the biggest test of a rule introduced in 2011 to protect investors and curb volatility on the first day a company trades.
U.S. stocks erased losses amid speculation Egyptian President Hosni Mubarak will meet protesters’ demands to step down, ending a political crisis that threatened to spread throughout the Middle East.
Nasdaq Stock Market canceled some trades in nine U.S. stocks, such as Goldman Sachs Group Inc., Hewlett-Packard Co. and Sprint Nextel Corp., that occurred more than 10 percent away from yesterday’s close.
Defending champion Oracle Team USA will begin the America’s Cup two races down after crew members violated modification rules on its smaller yachts.
"Our clients are affected in that they are unable to trade OTC securities."
- Mark Turner on Nov 07, 2013