Stock Trading News
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The Philippine Stock Exchange Inc. agreed with the nation’s bankers association and Singapore Exchange Ltd. to pursue a combination of the country’s equities and bonds exchanges.
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PT Telekomunikasi Indonesia, the nation’s biggest phone operator, rose to a five-year high in Jakarta stock trading as Credit Suisse Group AG said it expects the company to post “double-digit” profit growth in 2013.
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Credit Suisse Group AG equities chief Timothy O’Hara said the slide in U.S. stock trading volume is over.
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Morgan Stanley has overhauled its trading infrastructure for U.S. equities to keep pace with a marketplace in which millionths of a second count.
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BM&FBovespa SA, the operator of Latin America’s biggest securities exchange, posted first-quarter earnings that missed analysts’ estimates as operational costs increased.
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Hong Kong businessman Carson Yeung’s purchase of the English soccer club Birmingham City was partly paid with funds in bank accounts connected to his money laundering trial, a prosecutor said.
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Hong Kong businessman Carson Yeung’s purchase of the English soccer club Birmingham City was partly paid with funds in bank accounts connected to his money laundering trial, a prosecutor said.
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Philippine stock trading volumes are sinking to the lowest level in two months and volatility is picking up as the benchmark index’s jump above 7,000 for the first time spurs concern that shares have become too expensive.
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Carson Yeung, owner of English soccer club Birmingham City, asked a Hong Kong court to halt his trial for laundering HK$721.3 million ($93 million) because records of his wealth from stock trading can’t be obtained.
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UBS AG, Switzerland’s biggest bank, reported first-quarter earnings that beat analyst estimates on higher revenues at the investment bank and in wealth management.
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