Regulator sets limit on level of proceeds from new issues a firm can use for takeovers in the event the company has not specified the acquisition target in its offer document.

The optimistic risk-on appetite in the US carried over to Asia, with Tokyo up 1.4% while markets in Singapore, Seoul, Jakarta, KL and Taipei all enjoyed a rise

Chairman Hui Ka Yan vowed on Sunday to deliver 39,000 units of properties in December, but the group looks likely to default on a further $255m of bond payments due today

Asian shares dipped in subued holiday trade on Monday as fears lingered over the impact of the Omicron Covid variant. Airline traffic was disrupted in some states, but retail sales were healthy.

Listings around the world raised a record $594 billion in 2021, amid stock market rallies, yet investors were often disappointed with subsequent stock performances

The company sold 1.5 billion shares in the deal, its second attempt to list in Hong Kong in a matter of weeks

India was placed fourth when it comes to the number of companies valued at over $1 billion last year but the US and China, who occupy the first two ranks, are way ahead

Hutchison was a non-executive director when the NZX-listed company collapsed in 2018 with a market capitalisation of $508 million

Zero or negative interest rates incentivise risky investing and many are putting money into higher-risk asset classes for the first time in pursuit of returns

They are getting a closer look as Sino-US tensions threaten revenue for the New York Stock Exchange and Nasdaq stock market.

China's CSI300 Real Estate Index hit a two-month high on Tuesday, and has rebounded almost 20% from its November low, bolstered by signs of policy easing

The bargain buyers moved in on Tuesday lifting equity markets across the region though surging cases of the new Covid variant continue to weigh