Hong Kong Stock Exchange unveils shock £32bn bid for London rival

13 Sept 06:03 Key points summarised by AI

The Hong Kong Stock Exchange (HKEX) launched a surprise £32 billion bid to acquire the London Stock Exchange Group (LSEG), aiming to merge two of the world's largest financial hubs.
This substantial offer is contingent on LSEG abandoning its proposed $27 billion takeover of US financial data provider Refinitiv.
LSEG confirmed it would consider the proposal but reaffirmed its commitment to the Refinitiv acquisition, leading to market skepticism regarding the likelihood of the HKEX deal.
HKEX envisions the merger creating a powerful global market infrastructure, strategically connecting established Western financial markets with emerging Eastern markets, particularly China.

New home loan scheme aims to boost property sector with Bt125 billion

Yesterday 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.