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  • Gunvor Ensures Continued Operations

    Date 20/03/2014

    Anticipating potential economic sanctions, and so to ensure with certainty the continued and uninterrupted operations of Gunvor Group Ltd's activities, the shares of the company held by Mr. Gennady Timchenko were sold on March 19 from his personal holding vehicle to Mr. Torbjorn Tornqvist personally. As a result, Mr. Tornqvist has become the majority owner of Gunvor Group Ltd, with an 87 percent stake, and Mr. Timchenko has fully divested his entire holdings in the company. The remaining 13 percent of shares are held by senior employees of Gunvor. There are no outside shareholders.

  • Federal Reserve Releases Summary Results Of Bank Stress Tests

    Date 20/03/2014

    According to the summary results of bank stress tests announced by the Federal Reserve on Thursday, the largest banking institutions in the United States are collectively better positioned to continue to lend to households and businesses and to meet their financial commitments in an extremely severe economic downturn than they were five years ago.  This result reflects continued broad improvement in their capital positions since the financial crisis.

  • FSB RCG MENA Meeting 20 March 2014

    Date 20/03/2014

    The FSB Regional Consultative Group for the Middle East and North Africa held its fifth meeting on 20 March in Rabat, Morocco

  • Slack And The Labour Market - Speech By Martin Weale, External Member Of The Monetary Policy Committee, Bank )f England

    Date 20/03/2014

    Speaking to the Thames Valley Chamber of Commerce, Martin Weale sets out some new analysis of slack in the labour market.

  • Canadian Securities Regulators Seek Comment On Proposed Changes To OM Exemption And Two New Proposed Reports Of Exempt Distribution

    Date 20/03/2014

    The Alberta Securities Commission (ASC), the Autorité des marchés financiers (AMF), the Financial and Consumer Affairs Authority of Saskatchewan (FCAA) and the Financial and Consumer Services Commission New Brunswick (FCNB) (Participating Jurisdictions) have published for comment proposed amendments to National Instrument 45-106 Prospectus and Registration Exemptions (NI 45-106) relating to the offering memorandum exemption (OM Exemption). The ASC, FCAA and FCNB have also published two new proposed reports of exempt distribution (Exempt Distribution Reports).