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LATEST

Inlaks CEO on how AI has created a new infrastructure economy in Africa●Yum Brands reports mixed results but gives no update on Taco Bell cyclospora outbreak●Shell, Phillips 66 reportedly weighing sale of Explorer pipeline stakes●Wall Street just suffered a historic crash in high-flying stocks. Here is why a quick tech rebound could be a trap.●Bitcoin ETFs on track for the smallest monthly inflows ever●South Korea plans to tax crypto gains over $1,740 as political battle moves to parliament●‘Don’t get suckered like I did’: I paid $185 to the wrong passport website. Can I get my money back?●Why you shouldn’t worry about the stock market’s break below its 50-day moving average●Inlaks CEO on how AI has created a new infrastructure economy in Africa●Yum Brands reports mixed results but gives no update on Taco Bell cyclospora outbreak●Shell, Phillips 66 reportedly weighing sale of Explorer pipeline stakes●Wall Street just suffered a historic crash in high-flying stocks. Here is why a quick tech rebound could be a trap.●Bitcoin ETFs on track for the smallest monthly inflows ever●South Korea plans to tax crypto gains over $1,740 as political battle moves to parliament●‘Don’t get suckered like I did’: I paid $185 to the wrong passport website. Can I get my money back?●Why you shouldn’t worry about the stock market’s break below its 50-day moving average●

Asia

Hong Kong regulators freeze US$15.9 million linked to suspected IPO fraud

Business - South China Morning Post · 1h ago · 🇨🇳 China

Hong Kong regulators freeze US$15.9 million linked to suspected IPO fraud

Hong Kong’s securities regulator has frozen more than HK$125 million (US$15.9 million) in assets linked to a suspected market manipulation scheme, as authorities tighten oversight of the city’s booming IPO market. The Securities and Futures Commission (SFC) said on Thursday that it had issued a restriction notice to Futu, prohibiting the brokerage from dealing with or processing up to HK$125.247 million in assets held by an entity suspected of creating artificial demand for shares in an initial...

Read the full story at Business - South China Morning Post →

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