News Centre

Cairo Amman Bank Weekly Economic Monitor

Date 24/11/2014

Click here to download Cairo Amman Bank's weekly economic monitor.

CME Group Announces The Launch Of New Iron Ore Futures Contract

Date 24/11/2014

CME Group, the world's leading and most diverse derivatives marketplace, today announced the launch of trading and clearing services for the Iron Ore 58% Fe, Low Alumina, CFR China (TSI) Futures contract.  Pending CFTC review, this new cash-settled futures contract will be listed on CME Globex and the NYMEX trading floor, and will be available for clearing on CME ClearPort for trade date 8 December 2014. This contract will be listed with and subject to the rules and regulations of NYMEX.

MNI India Business Sentiment Eases in November - 39% Of Businesses Say Modi Government’s Policies Are Helping

Date 24/11/2014

The MNI India Business Indicator, calculated from the responses of more than 400 BSE listed companies, declined by 1.1% to 68.9 in November from 69.7 in October, with demand falling as the festival season came to a close.

Accelerate Development Of Multi-tiered Capital Market For The Real Economy - Speech By Shenzhen Stock Exchange President Song Liping At The 10th Capital Market Conference For Local Governments On November 13, 2014

Date 24/11/2014

Distinguished guests, ladies and gentlemen, good morning,

The Shenzhen Stock Exchange held the first experience-sharing conference on corporate shareholding structure reform in Hangzhou in 2004, aimed at providing a platform of communication for capital markets to better serve local economic development. Ten years later, we are gathered here again by the West Lake.  The situation has changed significantly. The multi-tiered capital market system has basically taken shape and will continue to undergo profound changes. Regional financial support system offered by local governments has made great progress, providing us with a new foundation, vision and theme for our discussion.

Egyptian Exchange Chairman Dr Omran Announced Chairman Of Federation of Euro-Asian Stock Exchanges (FEAS)

Date 24/11/2014

In a unanimous and harmonious selection, The Egyptian Exchange (EGX) chairs The Federation of Euro-Asian Stock Exchanges (FEAS). The celebration was carved, in Croatian capital, Zagreb, where The Federation of Euro-Asian Stock Exchanges (FEAS) General Assembly announced the unanimous choice of Dr. Mohamed Omran The Egyptian Exchange (EGX) Chairman as chairman of the federation. EGX is the first Arab Stock Exchange to win this post; that was on margin of the 20th General Assembly meetings of the FEAS. Worth mentioning that since FEAS inception in 1995 till this nomination, Turkey had been chairing the federation and this is the first time a stock exchange other than Istanbul chairs the federation. 

HKEx Chief Executive Charles Li - Latest Charles Li Direct: Taking stock And Looking Forward

Date 23/11/2014

HKEx Chief Executive Charles Li answers some key questions after the first week of Shanghai-Hong Kong Stock Connect and looks ahead to the future in his latest blog post. 

SEC Charges Penny Stock Company Executives In New Jersey With Issuing False Press Releases To Inflate Stock Price

Date 21/11/2014

The Securities and Exchange Commission today charged father-and-son executives at a New Jersey-based penny stock company for issuing false and misleading press releases while secretly selling thousands of their own stock shares into the market.  They agreed to pay nearly $325,000 and accept officer-and-director bars to settle the SEC’s charges.

CFTC Reinstates NASDAQ Futures, Inc. As A Designated Contract Market

Date 21/11/2014

The Commodity Futures Trading Commission (CFTC) today approved the application of NASDAQ Futures, Inc. (NQF) for reinstatement as a designated contract market (DCM). NQF is a Delaware corporation and is a wholly-owned subsidiary of NASDAQ OMX Group, Inc.  NQF was previously registered as a DCM, but became dormant on January 1, 2014.  Effective November 21, 2014, NQF’s contract market designation has been reinstated pursuant to Sections 5 and 6(a) of the Commodity Exchange Act and Part 38 of the CFTC’s regulations.

Credit Suisse Sentenced For Conspiracy To Help U.S. Taxpayers Hide Offshore Accounts From Internal Revenue Service - Pays $1.8 Billion To Department Of Justice And The Internal Revenue Service In A Fine And Restitution

Date 21/11/2014

Credit Suisse AG was sentenced today for conspiracy to aid and assist U.S. taxpayers in filing false income tax returns and other documents with the Internal Revenue Service (IRS).  Credit Suisse pleaded guilty to conspiracy on May 19.  The sentencing of the Swiss corporation is the result of a years-long investigation by U.S. law enforcement authorities that has also produced indictments of seven Credit Suisse employees and the owner of a trust company since 2011—two of those individuals have pleaded guilty so far—and of U.S. clients of Credit Suisse.  The announcement was made by Deputy Attorney General James M. Cole, Acting Deputy Assistant Attorney General Larry J. Wszalek for the Justice Department's Tax Division, U.S. Attorney Dana J. Boente for the Eastern District of Virginia and IRS Commissioner John Koskinen.

BATS 1000 Index Up 1.3 Percent This Week

Date 21/11/2014

BATS Global Markets (BATS), a leading operator of securities markets in the U.S. and Europe, reports the BATS 1000® Index (Ticker: BATSK) rose 301.62 points to close at 23,064.33 or 1.3 percent over last Friday’s close.