News Centre

Nigerian Stock Exchange Commits N100million To Support The Fight Against Covid-19

Date 07/05/2020

The Nigerian Stock Exchange (“NSE” or “The Exchange”) is pleased to announce that it has committed N100Million to support the fight against the Coronavirus (COVID-19) pandemic in Nigeria. N60Million out of this sum will be donated to the Capital Market Support Committee for COVID-19 (CMSCC), while the balance N40Million will be devoted to the “Masks For All Nigerians” campaign.

IMF Executive Board Approves A US$214 Million Disbursement To Nepal To Address The COVID-19 Pandemic

Date 07/05/2020

• The IMF Executive Board approves the 50th request for emergency financial assistance to help its member countries address the challenges posed by COVID-19.
• The IMF Executive Board approved the disbursement of US$214 million in emergency financing to help Nepal address urgent balance of payments needs created by COVID-19, which is having a severe impact on remittances, tourism, and domestic activity, and will substantially weaken Nepal’s GDP growth, balance of payments, and fiscal position.
• To address the pandemic, the Government of Nepal has taken measures to increase health spending, strengthen social assistance, ensure adequate liquidity in the financial system, and support access to credit.
• IMF financing will help fill immediate financing needs and will catalyze additional financing from Nepal’s development partners to support the COVID-19 response.

Trendrating Analytics Data Now Available Via The Bloomberg Enterprise Access Point

Date 07/05/2020

Trendrating, a global leader in cutting edge “trend capture” data and technology, today announced that its ratings data and analytics are now available to Bloomberg Data License clients via the Bloomberg Enterprise Access Point (“BEAP”). This new additional offering on BEAP makes it possible for portfolio managers and quantitative analysts to access data with a robust methodology to rate price trends, validate investment ideas, add an extra layer of risk control and capture additional Alpha. Trendrating’s advanced analytics are a powerful complement to both fundamental and quantitative investment approaches.

HKEX: Poll Results Of 2020 Annual General Meeting And New Appointments

Date 07/05/2020

Hong Kong Exchanges and Clearing Limited (HKEX) today (Thursday) hosted its 2020 Annual General Meeting (AGM). All proposed resolutions as set out in the notice of AGM dated 18 March 2020 were passed.  Please refer to the regulatory announcement for the results by resolution.

Bank Of England: Monetary Policy Report And Interim Financial Stability Report - May 2020

Date 07/05/2020

The Bank has published its quarterly Monetary Policy Report alongside an interim Financial Stability Report. Together, they provide a scenario for the path of the UK economy in the light of Covid-19 and assess the financial system’s resilience to that scenario.

ESMA Extends KDPW Trade Repository’s Registration To Include SFT Reporting

Date 07/05/2020

The European Securities and Markets Authority (ESMA) has decided to extend the registration of the KDPW Trade Repository to include trade reporting under SFTR. The decision takes effect on 7 May 2020.

HKEX: Re-Appointment Of Chairman

Date 07/05/2020

The Board of Directors (“Board”) of Hong Kong Exchanges and Clearing Limited (“HKEX”) today resolved to re-appoint Mrs Laura May-Lung Cha (“Mrs Cha”) as the Chairman of the Board (“Chairman”) for a term to be coterminous with her directorship.

Statement By The Bank Of England And Prudential Regulation Authority On Resolution Measures And Covid-19

Date 07/05/2020

The Bank of England (Bank) and the Prudential Regulation Authority (PRA) have today announced changes to resolution measures aimed at alleviating operational burdens on PRA-regulated firms (firms) in response to the Covid-19 outbreak

OECD: Foreign Direct Investment Flows In The Time Of COVID-19

Date 07/05/2020

• FDI flows are expected to fall by more than 30% in 2020 even under the most optimistic scenario for the success of the public health and economic support policy measures taken by governments to address the COVID-19 pandemic and the resulting recession. 
• FDI flows to developing countries are expected to drop even more because sectors that have been severely impacted by the pandemic, including the primary and manufacturing sectors, account for a larger share of their FDI than in developed economies. 
• FDI could play an important role in supporting economies during and after the crisis through financial support to their affiliates, assisting governments in addressing the pandemic, and through linkages with local firms. 
• FDI flows have steadily declined over the past five years, and they could remain below pre-crisis levels throughout 2021 if the public health measures and economic support policies are not effective.

Bank Of England: Bank Rate Maintained At 0.1% - May 2020

Date 07/05/2020

The Bank of England MPC voted unanimously to maintain Bank Rate at 0.1%. The Committee voted by a majority of 7-2 for the Bank of England to continue with the programme of £200 billion of UK government bond and sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, to take the total stock of these purchases to £645 billion.