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Singapore Fixed Income Indices (SFI) Weekly Report - Performance Review For The Week Ending 23 May 2014

Date 26/05/2014

Below are key highlights for the week ending 23 May 2014 (please click on the attachment for further detail):

• The SFI lost 0.28% to 117.53.  The SFI is 1.03% shy of its all-time high.

• YTD, the STI currently outperforms the SFI by 1.33%.

• The SFI made its first weekly decline in seven weeks.  The SFI Corporate Bond Index however, continues to advance. 

• The SFI Corporate Bond Index closed the week at an all-time high (121.98), while the SFI Government Bond Index dipped.

• Correlation between the SFI Corporate Bond Index and the STI is approximately 18% YTD.

HKEx: New Legal Proceedings - London Metal Exchange And LME Holdings Named As Co-Defendants In Class Action - Complaint Alleges Anti-Competitive And Monopolistic Behaviour In Warehousing Market In Connection With Zinc Prices - Lead Plaintiff Duncan Galvanizing Corporation

Date 26/05/2014

On 23 May 2014, Hong Kong Exchanges and Clearing Limited (“HKEx” or “Company”) and its subsidiaries, The London Metal Exchange (“LME”) and LME Holdings Limited (together, the “Subsidiaries”) were named as co-defendants in a class action filed in the United States District Court for the Southern District of New York. The complaint alleges anti-competitive and monopolistic behaviour in the warehousing market in connection with zinc prices. HKEx and LME management’s initial assessment is that the lawsuit is without merit and HKEx and the Subsidiaries will contest it vigorously. 

Japan's Financial Services Agency And Certified Public Accountants And Auditing Oversight Board Exchange Of Letters On Cooperation In The Area Of Audit oOversight With The Financial Reporting Council Of The United Kingdom

Date 26/05/2014

1. The Financial Services Agency (FSA) and the Certified Public Accountants and Auditing Oversight Board (CPAAOB) exchanged the Letter on cooperation in the area of audit oversight(PDF:792KB) with the Financial Reporting Council (FRC) of the United Kingdom on May 23, 2014.

Egyptian Exchange: The Coverage Of Sabaa International Pharmaceuticals Offering Exceeds 26.8 Times

Date 25/05/2014

EGX announced that the allocation percentage of Sabaa International Pharmaceuticals Company has reached about 3.7%, this after the asked shares exceeded the offerred by 26.8 times.

To Coincide With Inclusion Of Qatar In MSCI Emerging Markets Index - Qatar Stock Exchange Hosts International Investment Sell-Side Companies In London

Date 24/05/2014

Ahead of the MSCI Emerging Markets inclusion for Qatari companies, the Qatar Stock Exchange hosted a dinner event in London for senior representatives of sell side Brokers and Institutions.

Thomson Reuters Announces Annual Renewal Of Normal Course Issuer Bid

Date 24/05/2014

Thomson Reuters (TSX / NYSE: TRI), the world’s leading source of intelligent information for businesses and professionals, today announced that it has received approval from the Toronto Stock Exchange (TSX) for the annual renewal of its normal course issuer bid (NCIB).

HKEx After-Hours Futures Trading Closed On 26 May 2014

Date 24/05/2014

HKEx After-Hours Futures Trading will not open on Monday 26 May due to a holiday in the United States and United Kingdom. 

Thomson Reuters Announces Election Of Three New Members To Board Of Directors

Date 24/05/2014

Thomson Reuters (TSX / NYSE: TRI), the world's leading source of intelligent information for businesses and professionals, today announced the election of three new members to the company's Board of Directors at the company's annual meeting of shareholders held yesterday in Toronto.

Office Of The Comptroller Of The Currency - Description: Final Rule - Interagency Rules

Date 24/05/2014

Summary

The Office of the Comptroller of the Currency (OCC) has issued a final rule that combines certain rules that the OCC originally issued jointly with the other federal banking agencies regarding national banks with rules that the former Office of Thrift Supervision (OTS) issued regarding savings associations.^[1] Specifically, the OCC is combining rules relating to consumer protection in insurance sales, Bank Secrecy Act (BSA) compliance, management interlocks, appraisals, disclosure and reporting of agreements related to the Community Reinvestment Act (CRA), and the Fair Credit Reporting Act (FCRA). This final rule also makes technical amendments to the OCC’s FCRA rule to conform to provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Nigerian Stock Exchange Weekly Market Report For The Week Ended 23 May 2014

Date 23/05/2014

A turnover of 1.869 billion shares worth N23.917 billion in 23,554 deals were traded this week by investors on the floor of The Exchange in contrast to a total of 1.675 billion shares valued at N20.861 billion that exchanged hands last week in 24,513 deals.