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Labuan International Financial Exchange Market Cap Reaches US$10 Billion With Khazanah's Notes

Date 23/12/2004

Market capitalisation at the Labuan International Financial Exchange Inc (LFX) increased to US$10.13 billion (RM38.49 billion) with the primary listing of US$414.5 million exchangeable notes issued by Labuan-based Feringghi Capital Limited, a wholly owned subsidiary of Khazanah Nasional Berhad, the Malaysian government investment holding arm.
Korea Futures Exchange Trading Hours To Be Changed On January 3, 2005

Date 23/12/2004

The Korea Futures Exchange (KOFEX) has announced the following trading schedule for the first trading day of 2005. On January 3, 2005, when the market opens for the new year, trading in stock index products will start at 10:00, one hour late than usual, in line with the opening time of the underlying stock markets. Trading hours for the rest of the products will be the same.
Jukka Ruuska To Leave Role Of Deputy CEO Of OMX

Date 23/12/2004

Jukka Ruuska, President of the OMX Exchanges division and as of January 1, 2005, also President of the Stockholm Stock Exchange, has decided to temporarily leave his position as Executive Vice President and deputy CEO of OMX. No new deputy CEO will be appointed.
Japan’s Financial Services Agency's Comments On The Draft ''Concept Paper On Equivalence Of Certain Third Country GAAP And On Description Of Certain Third Countries Mechanisms Of Enforcement Of Financial Information'' By The Committee Of European Securiti

Date 23/12/2004

The Financial Services Agency (FSA) sent a comments letter on December 21, 2004, regarding the draft ''Concept Paper on Equivalence of Certain Third Country GAAP and on Description of Certain Third Countries'', which was published on October 21, 2004, by the Committee of European Securities Regulators (CESR). In the European Union, third country issuers will be required, from around 2007, to prepare and present financial statements on the basis of IAS/IFRS or the third count
Investable Weight Factor Change For Banca Nazionale Del Lavoro In The S&P/MIB Index

Date 23/12/2004

Standard & Poor’s will change the IWF (Investable Weight Factor) for Banca Nazionale del Lavoro (Italy, ISIN IT0001254884), a member of the S&P/MIB Index, from 0.450 to 0.384 effective at the close of trading Wednesday, December 29, 2004. This is following the increased holding of several shareholders in the recent period.

Cyprus Stock Exchange Review Of Developments For November 2004

Date 23/12/2004

Prices On the last trading session of November 2004 the General Price Index of the Main and Parallel Market reached 1003,27 points, representing a relative increase of 4,97%. The value of shares traded presented also an increase of 30,37% compared to the previous month. It is worth mentioning however, that the highest level the index reached for the month was 1010,83 points. The other Market Indices reached the following levels: Main Market reached 1008,25, Parallel Market 879,69, Alt
Cognizant Technology Solutions Corporation To Join The NASDAQ-100 Index Beginning December 29, 2004

Date 23/12/2004

The Class A common stock of Cognizant Technology Solutions Corporation (NASDAQ: CTSH) of Teaneck, New Jersey, will become a compo nent of the NASDAQ-100 Index® (NASDAQ: NDX), effective at the beginning of trading Wednesday, December 29, 2004. It will replace PeopleSoft, Inc.'s common stock (NASDAQ: PSFT), which is expected to be acquired by Oracle Corporation (NASDAQ: ORCL) on or after that date. The Class A common stock of Cognizant will also be included in the NASDAQ-100 Index Tracking StockSM
Channel Islands Stock Exchange Newsletter Winter 2004/2005 - New Members, Corporate Governance - Jersey, Hedge Funds, Listing Private Equity

Date 23/12/2004

Click here to download the Channel Islands Stock Exchange newsletter for winter 2004/2005.
UK's Financial Services Authority Fines Bradford & Bingley £650,000 For Precipice And With-Profit Bonds Mis-Selling

Date 22/12/2004

The Financial Services Authority (FSA) today fined Bradford & Bingley Plc (BBG) £650,000 for the widespread mis-selling of precipice and with-profit bonds. BBG has also agreed to pay £6 million in compensation to the 6,800 customers affected. The firm did not make suitable recommendations to customers, did not maintain adequate records of sales, and did not have in place adequate systems and controls to prevent and ultimately address these failures.
SEC/NYSE/NASD: Edward Jones To Pay $75 Million To Settle Revenue Sharing Charges

Date 22/12/2004

The Securities and Exchange Commission, NASD and the New York Stock Exchange announced settled enforcement proceedings against Edward D. Jones & Co., L.P., a registered broker-dealer headquartered in St. Louis, Missouri, related to allegations that Edward Jones failed to adequately disclose revenue sharing payments that it received from a select group of mutual fund families that Edward Jones recommended to its customers.