London Stock Exchange Group

The City of London financial district. Photograph: Toby Melville/Reuters

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London Stock Exchange Group and Global Accelerated Ventures introduce post COVID-19 fundraising program for Fintech and Healthtech firms.

The London Stock Exchange Group said on Friday it would complete its $27 billion takeover of analytics company Refinitiv on time this year as it reported higher-than-expected annual income, driven a jump in clearing activity.

Rosneft's Vankorskoye oil field in Siberia. The company produced 1.9bn barrels of oil in 2018, yet was added to the London Stock Exchange's 'ethical' investment list. Photograph: Sergei Karpukhin/Reuters

Read more about London Stock Exchange shifts focus to Refinitiv buy as HKEX ends pursuit on Business Standard. The HKEX board, which met over a public holiday on Monday after a weekend of violence, was concerned by the lack of engagement from the LSE

Hong Kong's bourse on Tuesday dropped its unsolicited $39 billion bid for London Stock Exchange Group (LSE) , conceding it hadn't won over LSE management for a move that could have transformed both global financial services businesses.

By acquiring Refinitiv, a financial information service, the London Stock Exchange will seek to compete in the lucrative business of market data.

Global stocks rose to their highest in five months and the dollar dipped on Monday as traders began to price in an accommodative stance from the U.S. Federal Reserve at its policy meeting this week.

Global stocks rose on Friday after a report that U.S.-China trade talks were making progress and a vote by UK lawmakers to delay the British exit from the European Union.

World shares slipped on Wednesday after two days of gains amid mounting concern over world growth and trade, though the British pound rallied half a percent on optimism that lawmakers were set to rule out a no-deal Brexit.

The early year rally in world stocks ran out of steam in Europe on Thursday and the dollar dropped to a near three-month low, as mixed signals from U.S.-China trade talks and caution at the Federal Reserve applied the brakes.

A solid start from Europe kept world stocks at a three-week high on Tuesday after Asia was knocked back by a shock profit warning from tech giant Samsung and a tick-up in borrowing costs.

Global stocks staged a modest rebound on Friday with Asian and European markets gaining after a selloff the previous day, while crude oil edged up after indications Russia would contribute a bigger output cut than previously suggested to producers.