Hong Kong’s stock exchange to shut after more than 30 years as automated trade takes over
Hong Kong’s last remaining stock market floor traders are taking their final orders as the exchange prepares to shut its trading hall, joining other world exchanges in going fully automated. The bourse’s operator, Hong Kong Exchanges & Clearing, says it will close the trading hall by the end of the month and turn the space […]
Tokyo Olympics cost twice the initial estimate: why?
Taxpayers beware: The cost of hosting an Olympics is likely to be far more than advertised. The price tag on the 2020 Tokyo Olympics has ballooned to nearly twice the initial estimate, even after a major cost-cutting effort. A major reason is that cities exclude large amounts of associated costs when they submit a bid […]