Hong Kong Exchanges and Clearing Limited (HKEX) and the Hong Kong Monetary Authority (HKMA) have launched a pilot program to use the electronic Hong Kong dollar (e-HKD) for after-hours derivatives margin payments. This initiative tests the use of a wholesale central bank digital currency (CBDC) in a live market environment, aiming to enhance payment efficiency and security outside regular trading hours. The pilot's success could pave the way for broader adoption of CBDC in financial markets, improving liquidity and risk management.
SPX Technologies announced a leadership transition in its Detection & Measurement segment as John Swann plans to retire in January 2027. Eric Kaled will take over as segment leader starting August 31, 2026, ensuring continuity and growth. Swann has b...
Brodsky & Smith LLC is investigating whether the boards of AstroNova, Open Lending, Huntsman, and Standard BioTools breached their fiduciary duties in recent merger agreements. The investigations focus on whether the companies conducted fair processe...
The Canadian government has decided to close the Office of the Canadian Ombudsperson for Responsible Enterprise (OCRE), a move strongly condemned by the United Steelworkers union. The union argues that while OCRE lacked independence and power, abolis...
The Canadian government has decided to abolish the Office of the Ombudsperson for Responsible Enterprise (CORE), which was tasked with reviewing complaints about human rights and labor abuses linked to Canadian companies operating abroad. The United ...
AppLovin's stock has cooled after a strong 2025 but still shows 28.5% upside with a $603 price target driven by its AI-powered ad-tech platform AXON 2. The company reported strong Q1 FY26 results with 24% revenue growth and high profit margins, along...
