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LME expands nickel daily price limit to 8% from 5% - Vimarsana News

LME expands nickel daily price limit to 8% from 5%

The London Metal Exchange increased its daily price limit for nickel to 8% from 5% from Thursday, it said in a notice....

LME forced to halt nickel trading, cancel deals, after prices top $100,000 - Vimarsana News

LME forced to halt nickel trading, cancel deals, after prices top $100,000

By Eric Onstad LONDON (Reuters) - The London Metal Exchange (LME) was forced to halt nickel trading and cancel trades after prices doubled on Tuesday ...

Bets against Hong Kong reach new extremes in financial markets - Vimarsana News

Bets against Hong Kong reach new extremes in financial markets

Investor confidence in Hong Kong is dwindling as the government loses its grip on an escalating outbreak of the Omicron variant of SARS-CoV-2. Bearish bets against Hong Kong’s shares have climbed to records and the benchmark Hang Seng Index is near a two-year low. Residents are converting the local currency into China’s yuan at the fastest pace in more than a decade, while the Hong Kong dollar is moving toward the weak end of its trading band against the greenback. Even the territory’s typically resilient property market is showing cracks, with a gauge of home prices falling to an 11-m...

HKEX records 9% year-on-year income growth in 2021 - Vimarsana News

HKEX records 9% year-on-year income growth in 2021

The Hong Kong Exchanges and Clearing Limited announced its annual results for 2021, saying it recorded HK$20.95b in its revenue and other incomes for the year.

China crackdown chips away at HKEX profits - Vimarsana News

China crackdown chips away at HKEX profits

Hong Kong’s stock exchange operator yesterday posted HK$12.5 billion (US$1.6 billion) for last year, but also registered its worst quarterly earnings in two years as China’s crackdown on a host of business sectors hit trading and company debuts. Hong Kong Exchanges and Clearing Ltd (HKEX) said its profits last year rose by 9 percent from the year before, thanks to a record first quarter. “HKEX had a strong year in 2021, despite a turbulent macro backdrop and the ongoing [COVID-19] pandemic,” HKEX chief executive Nicolas Aguzin said. HKEX also broke records in cash market turnover, and ...