CHINESE STOCKS FELL AFTER ANNOUNCEMENT OF NEW U.S AUDITING STANDARDS

Highlights –

• Chinese stocks fell after announcement of new U.S auditing standards.
• The move by SEC comes as the unprecedented regulatory crackdown in China on domestic technology companies.
• The SEC is said to have fast-tracked the rul...

TRUMP SIGNS LEGISLATION THAT COULD DELIST CHINESE COMPANIES FROM US STOCK EXCHANGES

Highlights

• President Trump on Friday signed a bill that would delist Chinese companies from the stock exchanges in the US if they fail to adhere to American auditing standards

• As per this new act, all public companies will have to disclose whether they are owned ...

LAUNCH OF THREE NEW U.S STOCK EXCHANGES BY THE END OF SEPTEMBER

Highlights –

• Launch of three new U.S Stock Exchanges by the end of September.
• Silicon Valley-based Long Term Stock Exchange (LTSE) will launch on Aug, 28.
• Members Exchange (MEMX) will be launched on Sept. 4.
• MIAX Pearl Equi...

INDIA HAS HIGHEST FII INFLOWS IN ASIA

Foreign flows into Asian markets proved to be impressive in 2019. This is due to the dispelling of fear about the impending Sino-US trade war with the announcement of the signing ceremony date of phase for the US-China trade deal. The Federal Reserve Bank has also reduced its interest rates which...

India's largest domestic hailing service, Ola, will reduce its massive losses

The Ola holding company ANI Technologies announced an annual net loss of almost 60 percent at Rs 1,160 crore for the fiscal year 2018-19 according to the financial data collected by the Tofler business intelligence platform.

As the two biggest companies in India–Ola in 2011 and Ub...

Fat of the penny stocks

Stocks are of two types one is penny stocks and the other is blue-chip stocks. Penny stocks are the stocks that are priced very low and have a high-risk factor and these are usually traded by someone who understands the market as it is nearly impossible or at least very difficult for an individua...