News Centre

IFRS Roadmap Met With Industry Praise

Date 27/08/2008

The Securities Industry and Financial Markets Association (SIFMA) today called the Securities and Exchange Commission’s vote on the International Financial Reporting Standards (IFRS) Roadmap an important and essential first step.

SEC Proposes Roadmap Toward Global Accounting Standards to Help Investors Compare Financial Information More Easily

Date 27/08/2008

The Securities and Exchange Commission today voted to publish for public comment a proposed Roadmap that could lead to the use of International Financial Reporting Standards (IFRS) by U.S. issuers beginning in 2014. Currently, U.S. issuers use U.S. Generally Accepted Accounting Principles (U.S. GAAP). The Commission would make a decision in 2011 on whether adoption of IFRS is in the public interest and would benefit investors. The proposed multi-year plan sets out several milestones that, if ach

C-Com Change Of Trading Hours Of Rubber And Non-Ferrous Metal

Date 27/08/2008

The trading hours of the C-Com system line No. 2 [the Rubber Products (Natural rubber Index, RSS3 and TSR20), Aluminum and Nickel] are to be changed to the following new table also effective from September 1, 2008.

C-Com Nickel Futures Contract To Be Delisted

Date 27/08/2008

The current trial period for the Nickel futures contract expires on September 1, 2008 and C-Com has made a decision for not applying for another extension due to the current and past poor trading environment of the Japanese futures industry, which led the Exchange to believe that there was little hope for a recovery in the future, despite vigorous efforts in promoting the market made by the Exchange.

New York Attorney General Cuomo Reaches Landmark Agreement With Major Energy Company, Xcel Energy, To Require Disclosure Of Financial Risks Of Climate Change To Investors - First-Ever Binding And Enforceable Agreement Requiring A Company To Detail Financi

Date 27/08/2008

Attorney General Andrew M. Cuomo today announced the first-ever binding and enforceable agreement requiring a major national energy company to disclose the financial risks that climate change poses to its investors. Cuomo’s agreement with Xcel Energy (NYSE: XEL) comes as many power companies, including Xcel, are investing in new coal-burning power generation that will significantly contribute to global warming emissions.

SEC Votes To Modernize Disclosure Requirements To Help U.S. Investors In Foreign Companies

Date 27/08/2008

The Securities and Exchange Commission today voted unanimously to update and modernize the disclosure requirements for foreign companies offering securities in U.S. markets, making it easier for U.S. investors to gain access to timely financial information that can help them make better informed investment decisions.

KCBT Wheat Daily Price Limit For Trade Date August 28, 2008 At 60 Cents

Date 27/08/2008

Price limits for KCBT hard red winter wheat futures are at 60 cents for trade date August 28, 2008 (effective with the August 27 evening session).

RTS Board Weekly Trading Results: August 18th – 22nd, 2008

Date 27/08/2008

For the week of August 18th–22nd, 2008, 104 trades were executed. The total trading volume on the RTS Board equaled 2,1 million US dollars. The following stocks were in the highest demand: Ticker Company name Trading volume,USD Number oftrades

SSE 180 Corporate Governance Index To Be Launched

Date 27/08/2008

The Shanghai Stock Exchange (SSE) and China Securities Index Co., Ltd. (CSI) have recently announced that the SSE 180 Corporate Governance Index, a new investment target index for investors, would be launched on September 10, 2008 to indicate trend of the stocks with good corporate governance in the SSE 180 Index. The base day of the index, the same as that of the SSE Corporate Governance Index, is June 29, 2007. Its short description is "SSE 180 Governance", with the base point of 1,000 and

SSE Issues Format Instruction Of Mineral Right Disclosure

Date 27/08/2008

The Shanghai Stock Exchange (SSE) issues today the "No.18 Format Instruction on Temporary Announcements of Listed Companies" to regulate the information disclosure of listed companies concerning acquisition and transfer (remising or receiving) of mineral right (including prospecting right and mining right). Listed companies are required to detail their mineral rights in line with the instruction, if they acquire, receive or remise mineral rights, plan to purchase or sell the equities of other