Hong Kong stock exchange is breaking away from the tradition of requiring companies to disclose China-related business risks in their listing applications. This move, which becomes effective immediately, aligns the city with Beijing’s disclosure changes. Revising the Listing Rules In a latest revision, the stock exchange decided to remove an entire section that once focused…
The city of San Francisco has lodged a complaint against Twitter regarding the installation of a flashing “X” sign on top of their headquarters building. The complaint states that the new sign was put up without a proper permit, resulting in a notice of violation being issued for unauthorized work. The building’s owner, Elon Musk,…
The Dow Jones Industrial Average (Dow) faced a setback on Thursday, putting an end to its remarkable 13-day winning streak. The blue-chip index dropped by 237 points, preventing it from achieving a 14th consecutive session of gains. Had the Dow managed to close higher on Thursday and Friday, it would have set a new record…
The Federal Reserve has raised its in a single day financial institution lending fee for the 11th time in 17 months as a part of its competitive marketing campaign to fight inflation. The move may impact various consumer rates, leading to potential benefits and drawbacks for individuals. The central bank’s efforts to beat down inflation…
The CEO of NatWest, one of the largest banks in the United Kingdom. She has resigned After admitting to leaking economic information of Brexit campaigner Nigel Farage to BBC News. Alison Rose recounted her “critical blunders of judgment” in discussing Farage’s courting with the bank. Nigel Farage’s Account Closure Last month, Nigel Farage, a outstanding…