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Finance & Markets

Vox, Frogfoot Raise $900 Million in South Africa Broadband Push

A South African conglomerate’s telecommunication units raised 14.4 billion rand ($900 million) to expand its broadband services in the continent’s biggest economy.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

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PSX: Buying returns as KSE-100 up 600 points

Buying interest was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 600 points during the opening minutes of trading on Monday. At 9:44am, the benchmark index was hovering at 177,810.60, up by 644.08 points or 0.36%.

Stablecoin Legislation Gains Momentum as Related Stocks Surge

South Korea's parliament is stepping up efforts to establish a legal framework for the introduction of won-denominated stablecoins, with the government and ruling party aiming to pass the second phase…

  • South Korea aims to pass won-denominated stablecoin legislation by year-end.
  • Dollar-denominated stablecoins dominate 99.4% of market capitalization.
  • Integrated bill to be introduced next month with Financial Services Commission involvement.

Samsung, SK hynix Diverge On Shareholder Returns

Samsung Electronics and SK hynix, the two monumental pillars of the domestic semiconductor industry, are capturing the stock market’s attention by consecutively announcing shareholder return policies of an unprecedented scale. Following SK hynix’s introduction of a plan to acquire and cancel 40 tril

  • Samsung Electronics plans to distribute 30 trillion won in cash dividends over 2024-2026.
  • SK hynix cancels 24.07 million shares to maintain regulatory compliance.

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