Sunday, 22 September, 2019

Hong Kong Exchange proposes $36B takeover of London Stock Exchange

Hong Kong stock exchange London Stock Exchange gets £32bn Hong Kong bid
Russell Knight | 11 September, 2019, 14:27

Hong Kong Exchanges and Clearing (HKEX) on September 11 said it plans to acquire London Stock Exchange Group (LSEG) in a deal valued at 29.6 billion pounds, which translates to around Rs 2.6 lakh crore.

In a lengthy statement, HKEX said that they are in talks with regulators and LSEG officials as to how the company would be structured if they do complete the acquisition.

At 1205 BST, LSE shares had come off their highs, up 3.9% at 7,068p, having surged to as much as 7,922p when the news first came out, as analysts questioned the likelihood of a deal being done.

"A combined group will be strongly placed to benefit from the dynamic and evolving macroeconomic landscape, whilst enhancing the longterm resilience and relevance of London and Hong Kong as global financial centres".

"The proposal is a fascinating prospect but far from a done deal", Hunter said.

Volkswagen Kicks Off Its EV Era With The ID.3 At Frankfurt
The entry-level auto will get navigation, digital radio, seat and steering wheel heating, front armrests, and 18-inch wheels. Volkswagen has plans to build more than 10 million electric vehicles in the next 10 years with 20 different e-models.

India coach Stimac: 'More than happy to get a point against Qatar'
They have had most of the ball and all the big chances while India have not even had a shot at the Qatari goal in the first half. However, the Indian defense and keeper which stood up to the test for most part of the match nearly caved in.

Apple to unveil latest iPhone
Apple's new iPhones, announced yesterday evening at the Steve Jobs theatre, Cupertino had the audience at the edge of their seat. Here are some of the features you may miss out on if you pick up an iPhone 11 or iPhone 11 Pro , and what phones now have them.

The LSE announced in August that it has agreed to buy Refinitiv in a $27 billion deal aimed at transforming the exchange into a market data and analytics giant. Reuters news agency is a unit of Thomson Reuters. HKEX's proposed move could fall at the same hurdle, said Ronald Wan, chief executive at Partners Capital International Ltd in Hong Kong.

The Hong Kong exchange is required to make a binding offer by October 9. The company went public later that year.

Hong Kong lawmaker and HKEX shareholder Christopher Cheung said he was concerned most about the offer price, and what LSE could offer to HKEX.

HKEX said it meant to apply for a secondary listing of its shares on the LSE once the deal has gone through. Mr Cheung, a veteran broker, said in an interview that he thinks it's getting harder for HKEX to start more trading links with China, citing the US-China trade tension and the recent protests in the city against growing influence from Beijing.

Recommended

  • Google Pixel 4 XL to Come with 6.23-inch Display, Snapdragon 855

    This leak also showed the Pixel 4 will be boasting three rear cameras and a sensor which is all housed in a square encasing. This render showcases the front of the Pixel 4, giving us a clear look at the bezels surrounding its display.
    Focus in Georgia shifts to salvaging huge capsized ship

    Focus in Georgia shifts to salvaging huge capsized ship

    A marine tracking site shows the Golden Ray overturned as it was passed by another vehicle carrier that was entering St. He says the initial rescue team has faced a language barrier in communicating with the South Korean crew members.
    Chaos in parliament as MPs stage protest over suspension

    Chaos in parliament as MPs stage protest over suspension

    If the House votes tonight for an early general election, my tenure as Speaker and MP will end when this Parliament ends. Al Jazeera's Laurence Lee, reporting from Parliament, said Bercow had cut to the heart of the Brexit issue.
  • IOS 13 GM seeded to developers before September  19 launch

    IOS 13 GM seeded to developers before September 19 launch

    With iOS 13 , it's much more advanced, offering more user choice about when and methods to share tracking data-particularly in background.
    Dorian triggers massive flooding in Bahamas; at least 5 dead

    Dorian triggers massive flooding in Bahamas; at least 5 dead

    Abaco Buzz, a local travel website, has also been posting updates on the search for family and friends on its Facebook page . Sand pours onto a road near the beach during the approach of Hurricane Dorian on September 1, 2019 in Nassau, Bahamas .
    New York Jets Offensive Report Card: Week 1 vs. Buffalo Bills

    New York Jets Offensive Report Card: Week 1 vs. Buffalo Bills

    In video, you can see Anderson dive at the knees of Allen well after the ball was already out of the quarterback's hands. Buffalo's defense picked up where it left off previous year , when it allowed the second-fewest yards in the NFL .
  • Major League Baseball  world reacts to Christian Yelich's brutal season-ending knee injury

    Major League Baseball world reacts to Christian Yelich's brutal season-ending knee injury

    The Milwaukee Brewers will have to try and get back to the playoffs without their MVP. The 27-year-old remained down for several minutes, then limped off the field.
    Real Madrid: Why we failed to sign Pogba, Neymar and Fernandes

    Real Madrid: Why we failed to sign Pogba, Neymar and Fernandes

    He told reporters: "I think Bale's a great player and he's been really important for the club in the years he's been with us. Some are true, some are not. " Gareth Bale is a great player and has been a key talent in the time he's has been with us".
    Dave Dombrowski Fired By Boston Red Sox

    Dave Dombrowski Fired By Boston Red Sox

    Dombrowski's contract ran through the 2020 season. Boston originally hired Dombrowski back in 2015. And unfortunately that's the case right here.
  • Corbyn commits to second Brexit vote if Labour Party wins general election

    Corbyn commits to second Brexit vote if Labour Party wins general election

    Labour's manifesto will, however, promise to reach a better Brexit deal, but not then to campaign for accepting that deal. And in that election we will commit to a public vote with a credible option to leave and the option to remain".

    Finally gets its price: $4.99 per month

    The new iPhone 11 will have two back cameras, including an ultra wide-angle lens and the next generation of microchips, the A13. Apple said that the first shows available on Apple TV + will launch on november 1 and will be in more than 100 countries.
    Gracia surprised by firing, but love for Watford ‘eternal’

    Gracia surprised by firing, but love for Watford ‘eternal’

    The announcements came during the global break with Watford bottom of the English Premier League with one point from the opening four games.

Apple Arcade gaming subscription coming September 19 for $4.99/month Apple Arcade gaming subscription coming September  19 for $4.99/month Apple TV + will be available to users in India starting 1 November and will be available to users at just Rs 99 per month. Apple Arcade will be available to smaller pool of users since its restricted to users with Apple devices.

Johnson warned that general election 'is coming' Johnson warned that general election 'is coming' Voting against a general election offered by the sitting PM when Labour has been calling for one for months is not a good look. Johnson acknowledged Monday that a no-deal Brexit "would be a failure of statecraft" for which he would be partially to blame.

Apple unveils latest iPhones, Apple Watch The company also announced a new iPad - the seventh version - that comes with a larger 10.2in display and a full-size keyboard. Starting that day, anyone who can access the Apple TV app on their devices can begin subscribing for $4.99/month.

Bianca Andreescu congratulated by Justin Trudeau after winning US Open Bianca Andreescu congratulated by Justin Trudeau after winning US Open It's also the number of aces Andreescu had in the match and the number of aces and double faults Williams made in the second set. Open final after defeating No. 5 seed Elina Svitolina in straight sets on Thursday night.

New iPhones woo users to Apple television and games New iPhones woo users to Apple television and games But this time around, the iPhone 11 , iPhone 11 Pro and iPhone 11 Max offer a bigger step up from the last generation. The Silicon Valley titan also announced a new 10.2-inch iPad with retina display and a beefed-up A10 Fusion chip.

Air Force Sets Probe of Stopovers After Trump Scotland Reports Air Force Sets Probe of Stopovers After Trump Scotland Reports Air Power journeys to the airport, nevertheless, have elevated annually President Trump has been in workplace, the Instances says. People are traveling, it's just like any other hotel.

The Sky is Pink Trailer: A delightful tale of hope and love The Sky is Pink Trailer: A delightful tale of hope and love In another still from the film which she shared on Sunday, Farhan is seen carrying her in his arms. Despite all the tough times, the pair is hopeful to sail through everything.

FDA criticizes Juul for telling students its e-cigs are ‘totally safe’ FDA criticizes Juul for telling students its e-cigs are ‘totally safe’ Juul says it discontinued its school programs - which were meant to discourage underage use - last September. The FDA has been investigating Juul for months but had not previously taken action against the company .

China's trade with U.S. shrinks as tariff war worsens China's trade with U.S. shrinks as tariff war worsens Chinese demand, however, has been dampened by a year-old outbreak of deadly African swine fever in the world's top pig producer. China's worldwide trade grew by just 0.1 per cent year-on-year in August, according to official data released on Sunday.

Lithuania vs. Portugal - Football Match Report Lithuania vs. Portugal - Football Match Report Three minutes later, Ronaldo was left free in the area to sweep home Bernardo Silva's cross. Aleksandar Mitrovic scored twice to keep Serbia's hopes alive with a win in Luxemburg.

See Trailer (HD) Jason Momoa drama series See Trailer (HD) Jason Momoa drama series My sun and stars: Jason Momoa's new TV show for Apple TV + looks incredible (and also gives us serious Game of Thrones vibes). Set in the distant future, after a deadly virus decimated almost all of mankind, those who have survived have become blind.

Protests erupt as Boris Johnson suspends Parliament Protests erupt as Boris Johnson suspends Parliament Or, in former PM Tony Blair's words , "I personally believe so strongly in Brexit that I would do virtually anything to stop it". He was given a standing ovation from many members of the Lower House as he announced his plan to stand down in the coming weeks.

AppleTV+ details announced: New streaming service will cost just $4.99 AppleTV+ details announced: New streaming service will cost just $4.99 It's a small shift, but it shows that Apple is responding to the ways people are taking photos and videos in their everyday lives. Tim Cook , Apple CEO, announced today that new streaming service, Apple TV+ was going to be available for only $4.99 a month.

Tick, tock: OBJ plans to keep wearing lavish watch in games Tick, tock: OBJ plans to keep wearing lavish watch in games Beckham vented on Twitter Monday evening: 'If it ain't one thing.it's another'. "Yeah, that's just my life". Beckham caught seven passes for 71 yards in his Cleveland debut, but the Browns were blown out 43-13.

Apple launches Watch Series 5 with always-on display Apple launches Watch Series 5 with always-on display There have been other tweaks, such as a new display driver to ensure the Apple Watch Series 5 doesn't glug down electrical juice. Apple also unveiled the latest generation of its A13 Bionic chip, which it said boosts the performance of the device even more.