Stock Markets

Chinese smart EV maker XPeng to join Hang Seng Composite Index

Chinese smart EV maker XPeng to join Hang Seng Composite Index

XPeng, a smart electric vehicle (EV) manufacturer headquartered in Guangzhou Province of China, will be added to the Hong Kong-based Hang Seng Composite Index on 20th of July this year.

Australian Stork Market Face a Set Back with Low Commodity Prices and Subdued Global Growth Outlook

Australian Stork Market Face a Set Back with Low Commodity PricesConcerns regarding the health of global economic growth and low commodity prices are reason behind the set back in the Australian stock market. On Wednesday, it opened significantly lower after an unenthusiastic guidance from Wall Street.

The S&P ASX 200 index opened 1.1 percent down at 5,298.1 points. The benchmark lost 60.60 points or 1.13 percent in the late-morning trading.

Investor Confidence Shaken; South African Rand Drops

Investor Confidence Shaken; South African Rand Drops

How sensitive is the rand to political uncertainty, surfaced as the South African currency eroded its gains from the rising political tensions in the country. The rand had gained from the rise in commodity prices but that did not seem to be lasting long due to mounting tensions from a stand-off between the country's finance minister Pravin Gordhan and its police, who threaten to take legal action against him. Investor confidence was shaken and the rand fell almost two percent on Wednesday adding to its close to three percent drop on Tuesday.

Tribune Publishing Co’s Shares Drop; Company says Michael Ferro will be its Non-executive Chairman

Tribune Publishing Co’s Shares Drop; Company says Michael Ferro will be its Non-

Shares of Tribune Publishing Co which owns the Los Angeles Times and Chicago Tribune dropped considerably following the suspension of dividend. It also said that entrepreneur Michael Ferro has become its non-executive chairman and its biggest shareholder with a $44.4 million investment.

On Thursday, the company said, Michael Ferro bought 5.22 million of the company's newly issued share which equals to a 16.6 percent stake.

Amazon’s Quarterly Result Misses Expectations; Shares Drop

Amazon’s Quarterly Result Misses Expectations; Shares DropOn Thursday, Amazon.

Lower than Expected Revenue Forecast from eBay; Shares Drop

Lower than Expected Revenue Forecast from eBay; Shares DropOn Wednesday, eBay shares dropped as the retailer forecasted revenue for the quarter and the full year that did not match expectations.

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