Stock Exchange News Page 1

Stocks in Asia have slipped slightly as investors focus on the health of the global economy and lock in recent gains. The markets were recently stimulated by a decision by central banks to pump more cash into financial systems. Stocks in South Korea lost around one per cent but could rise again if Spain is awarded a bailout package and oil...

A return to the Tokyo Stock Exchange by Japan Airlines has seen a strong demand for shares, which have risen in value by 2.6 per cent. Nearly three years ago the flag carrier was forced to file for bankruptcy and was removed from the stock exchange. Shares were relisted at 3,790 yen and have since risen in value to 3,890 yen. The initial...

A sharp swing in stock prices has caused the New York Stock Exchange to investigate a spate of irregular trading. Stocks in 140 companies were being traded at higher than normal volumes including American Airlines and Citigroup. However, trades have only been cancelled in six stocks. The abnormal trading has brought back memories of the...

UBS has blamed a loss of 349 million Swiss francs on problems associated with the flotation of Facebook. The Swiss bank is claiming that a mishandling by Nasdaq meant that it ended up with far more shares in the social networking site than it had initially ordered. Facebook shares have tumbled in price following the stock exchange...

JPMorgan Chase has extended its estimated recent trading losses to $5.8 billion. However, the company’s shares rose on news that last quarter profits hit a better than expected $4.96 billion. Friday’s trading in New York saw the firm’s share price rise by 5.8 per cent. Originally JPMorgan said that its losses were estimated to be $2...

The start of the third quarter of the year has been greeted by a rise in share prices in Asia. The lift comes on the back of an agreement in Europe that leaders will shore up the zone’s banks. However, some early gains by the euro were lost as concerns persisted over the continuing debt crisis. Following a surge of 2.7 per cent on...

Billabong shares have dropped nearly half in price as trading continued this morning. This arrives after the group announced last Thursday that it would attempt elicit $225 million from investors. The surfwear retailer's share dropped to an all-time low of 94 cents as the trading stop was lifted today right before 11am. Billabong shares...

Manchester United football club has announced its tentative plan to move its upcoming stock market flotation from Singapore to the United States. Previously, Manchester United was planning a $1 billion share sale at the Singapore Stock Exchange. If its share listing is moved, this would be the most recent in a series of cancelled or...

As reported by the BBC, twin brothers from the UK are facing US civil charges for supposedly swindling investors out of $1.2 million (£745,000) through a sham stock-picking robot. Thomas and Alexander Hunter, from Whitley Bay, North Tyneside, were just 16 when, in 2007, they invented the robot scheme, dubbed Marl, report US officials. The...

As reported by the BBC, Libya has re-launched its stock exchange for the first time since Colonel Muammar Gaddafi's regime fell. The exchange includes 10 firms, while the first day of trade was worth 3.9 billion Libyan dinars ($3 billion; £2 billion), said its general manager. Nearly all the nation’s publicly traded companies are...