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Big miners are steeled against falling iron ore | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
BHP boss goes a seismic three for three
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Robyn Mak
3 minute read
The PlayerUnknown s Battlegrounds video game is seen in this illustration photo November 22, 2017. REUTERS/Thomas White/Illustration
HONG KONG, July 23 (Reuters Breakingviews) - South Korea is learning how hard it is to cool down an overheating stock market. The country s financial regulator has intervened recently on the initial public offerings of video-game developer Krafton (259960.KS) and others. Yet Kakao Bankâs upcoming market debut signals frothy deals will persist.
The benchmark KOSPI 200 is up 47% over the past year, making it the best-performing major index globally. Credit a growing army of mom-and-pop traders, who account for a whopping 90% of daily volumes on local exchanges this year. Of the 10 largest domestic companies by market capitalisation, half trade at over 35 times forward 12-month earnings, per Refinitiv, including $57 billion super-app operator Kakao Corp (035720.KS) and contract-drug maker Samsung Biologics (207940.KS). Th
Reuters
3 minute read
Tokyo 2020 Olympics - Softball - Women - Opening Round - United States v Canada - Fukushima Azuma Baseball Stadium - Fukushima, Japan - July 22, 2021. Kelsey Harshman of Canada and Haylie McCleney of the United States in action.
MELBOURNE, July 22 (Reuters Breakingviews) - Faster, higher, stronger, cheaper. That will be the modified Olympic motto in Brisbane, which was just named host read more of the 2032 summer Games. In an early test for the reimagined âNew Normâ approach to the embattled international athletic competition , the Australian city and its Queensland surrounds are targeting a A$4.5 billion ($3.3 billion) operating budget that is to be fully funded privately. The shambolic, pandemic-delayed Tokyo event due to start officially on Friday is set to cost more than $15 billion.
Reuters
3 minute read
A flag bearing the logo of the Hong Kong Exchanges and Clearing Limited flies in Hong Kong, China January 24, 2018.
HONG KONG, July 21 (Reuters Breakingviews) - In one of his first public initiatives, new Hong Kong bourse boss Nicolas Aguzin might be ready to take on the weather. When asked in an interview about potential changes, he noted a longstanding requirement to close during typhoons and severe rainstorms. Aguzin also pointed out that traders had successfully managed to work from home during the pandemic.
Rewriting those rules isnât easy, however; the government would have to sign off. At least it signals a willingness to try and break with an often-arcane status quo. Aguzin also could, for example, consider offering some sort of market during Hong Kongâs whopping 17-odd public holidays.
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