News Centre

Highly Accomplished NZer Returns To Take NZX Helm

Date 31/01/2012

The Board of NZX is pleased to advise that it has appointed Singapore based New Zealander Tim Bennett to the position of Chief Executive Officer, effective 7 May 2012.

4 Shanghai Stock Exchange Memos To Regulate Listed Firms' Annual Report Disclosure

Date 31/01/2012

The Shanghai Stock Exchange (SSE) releases at the beginning of the Chinese New Year 4 memoranda on the work of annual reports of 2011 in response to the forthcoming peak of annual report disclosure. The 4 memoranda involve internal control reports of listed companies, announcements on performance prediction of the companies with delisting risk alerts, occupation of non-operational capital, registration of insiders in annual reports, etc. It is especially mentioned that if a company with delisting risk alert predicts a profit in 2011, it should provide the special remarks issued by the CPA in charge of annual audit while disclosing an announcement on performance prediction.

Tokyo Grain Exchange Maximum Rate For Additional Discharging Ports Charge

Date 31/01/2012

We refer to (2) (c) of 11. in Detailed Rules for Delivery of Raw Sugar and inform you that the maximum rate to be applied to delivery of Raw Sugar for the contract month of May 2012 is US$５.７２ per metric ton for each additional discharging port.

Standard & Poor's Announces Changes In The S&P/TSX Canadian Indices

Date 30/01/2012

Standard & Poor's will make the following changes in the S&P/TSX Canadian Indices:

The unitholders of Canmarc REIT (TSX:CMQ.UN) have approved the acquisition of the company by Cominar REIT (TSX:CUF.UN). Canmarc REIT will be removed from the S&P/TSX SmallCap Index after the close of Monday, February 6, 2012.

Informal Meeting Of Members Of The European Council, Brussels - The European Council Commits To Strengthening EU Growth And Competitiveness

Date 30/01/2012

On Monday 30 January 2012 European leaders decided on a number of steps to help promote growth and jobs in the European Union while ensuring financial stability and fiscal consolidation.

SEC Charges Former Executives And Accountants With Fraud At British Subsidiary Of Medical Devices Company - SEC Obtains Settlements With CEO And CFO To Clawback Bonuses Under Sarbanes-Oxley Section 304

Date 30/01/2012

The Securities and Exchange Commission today charged four former senior executives and accountants at the British subsidiary of an Indiana-based manufacturer of medical devices and aerospace products for their roles in an accounting fraud that was so pervasive that it distorted the financial statements of the parent company.

FSB Completes Peer Review Of Canada

Date 30/01/2012

The Financial Stability Board (FSB) published today the  report on its peer review of Canada.This forms part of a regular programme of peer reviews of FSB member countries that began in 2010. The main purpose of the report is to assess Canada’s progress in addressing regulatory and supervisory issues raised by the International Monetary Fund (IMF) under the Financial Sector Assessment Program (FSAP) in 2007-08. The report also provides an overview of market and regulatory developments since the FSAP was published.

Statement For The Treasury Borrowing Advisory Committee Of The Securities Industry And Financial Markets Association - Janice Eberly, U.S. Treasury Assistant Secretary for Economic Policy

Date 30/01/2012

The recovery continued to firm in the final quarter of last year, and labor market conditions improved. According to the advance GDP report released last week, the economy grew by 2.8 percent at an annual rate in the fourth quarter, the tenth straight quarter of growth since the recession ended in mid-2009. Job growth accelerated in the final months of 2011, and the unemployment rate declined sharply, although at 8.5 percent, it still remains too high. The unwinding of the effects of temporary shocks sustained earlier last year helped boost growth in the second half of the year. Private forecasters anticipate a more moderate but stable path of expansion going forward. Even so, further progress this year in reducing unemployment from current levels may be limited. The economy continues to face a number of challenges, including the slowdown in growth overseas, particularly in Europe, and the threat of further fiscal contraction at all levels of government. The Administration remains committed to fostering stronger near-term growth and a more rapid pace of job creation and to redressing the country’s longer-term fiscal situation.

U.S. Treasury Announces Marketable Borrowing Estimates

Date 30/01/2012

The U.S. Department of the Treasury today announced its current estimates of net marketable borrowing for the January – March 2012 and the April - June 2012 quarters:

Robert Udall Glazier, Deputy Executive Officer Brad Pacheco, Chief, Office Of Public Affairs - CalPERS Names Stacie Sormano Chief Of Retirement Research And Planning Division

Date 30/01/2012

The California Public Employees’ Retirement System (CalPERS) has named Stacie Sormano to lead the pension fund’s Retirement Research and Planning Division (RRPD).