A worker shelters from the rain under a Union Flag umbrella as he passes the London Stock Exchange in London. Reuters/File
Hong Kong stock exchange shares fell more than 3% on Thursday as investors raised concerns about the political and regulatory risks involved in its $39 billion approach to take over London Stock Exchange (LSE).
The London Stock Exchange Group (LSE) said on Friday it was in discussions to acquire financial data analytics provider Refinitiv Holdings Ltd for $27 billion, including debt.
Shares retreated in Europe early on Monday after a mixed day in Asia as surveys of manufacturers showed business confidence crumbling as Washington and Beijing spar over trade and technology.
Egyptian banks have been instructed to apply temporary limits on daily withdrawals and deposits in a move seemingly designed to control inflation and hoarding as concern grows over the spread of the coronavirus.
Finance Minister Nirmala Sitharaman asked public and private sector banks to ensure uninterrupted banking operations and flow of liquidity. In a series of tweets, the office of Sitharaman said that she spoke to chiefs of public sector banks and representatives of private banks.
To support the Dubai Free Zones Council economic stimulus package, Dubai International Financial Centre (DIFC) proposes implementing five initiatives over the next three months.
Under the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, and the directives of Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai