Hong Kong Stock Exchange in Talks to Buy London Counterpart - NBC10 Boston

Hong Kong Stock Exchange in Talks to Buy London Counterpart

The Hong Kong exchange is required to make a binding offer by Oct. 9

Find NBC Boston in your area

Channel 10 on most providers

Channel 15, 60 and 8 Over the Air

    processing...

    NEWSLETTERS

    Hong Kong Stock Exchange in Talks to Buy London Counterpart
    Chris J Ratcliffe/Getty Images, File
    Financial market figures are shown on big screens and a ticker in the main entrance at London Stock Exchange on August 29, 2019 in London, England.

    The Hong Kong stock exchange says it has started talks to buy the London Stock Exchange that would value the British company at 29.6 billion pounds ($36.6 billion).

    The Hong Kong Exchanges and Clearing Ltd. said Wednesday that a deal would provide the London Stock Exchange with a key opening to Asian markets and underpin the British capital's role as a financial hub.

    The offer comes at a time of heightened uncertainty for London and British companies because of Brexit, which threatens to create barriers to trade for the country. A weakened pound has also made U.K. companies cheaper takeover targets.

    The Hong Kong exchange is required to make a binding offer by Oct. 9.

    Amb. Yovanovitch Responds to Trump’s Tweet During Testimony, Calls It ‘Very Intimidating’

    [NATL] Amb. Yovanovitch Responds to Trump’s Tweet During Testimony, Calls It ‘Very Intimidating’

    Marie Yovanovitch, former U.S. Ambassador to Ukraine, responds to a tweet President Donald Trump published about her record as an ambassador.

    (Published Friday, Nov. 15, 2019)