The value of equities traded on Singapore Exchange Ltd. sunk to a two-year low last month, threatening to slow the bourse’s earnings growth, as brokerages restricted investments in so-called penny stocks after three commodity companies plunged.
Hong Kong Exchanges & Clearing Ltd., the world’s second-biggest bourse operator by market value, said profit climbed 20 percent last quarter from a year earlier as trading of shares and derivatives jumped.
Hong Kong Exchanges & Clearing Ltd., the world’s second-largest bourse operator by market value, is making a stand for transparency in the competition for Alibaba Group Holding Ltd.’s initial public offering.
The breakdown in talks between Hong Kong Exchanges & Clearing Ltd. and Alibaba Group Holding Ltd. for an initial public offering is adding pressure on the world’s fourth-largest bourse to boost trading volumes.
DBS Group Holdings Ltd., the lender that offered to buy PT Bank Danamon Indonesia for $7.2 billion, posted first-quarter profit that unexpectedly climbed 16 percent to a record on higher income from interest and trading.
DBS Group Holdings Ltd. got approval from Indonesia’s central bank to acquire a $2.75 billion stake in PT Bank Danamon Indonesia, giving Southeast Asia’s largest lender less control than it had sought.