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  • Federal Reserve Releases Statement On Court's Decision In Starr International Company, Inc. V. The United States

    Date 15/06/2015

    The Federal Reserve strongly believes that its actions in the AIG rescue during the height of the financial crisis in 2008 were legal, proper and effective.  The court's decision today in Starr International Company, Inc. v. the United States recognizes that AIG's shareholders are not entitled to compensation for that decision, and that the Federal Reserve's extension of credit to AIG prevented losses to millions of policyholders, small businesses, and American workers who would have been harmed by AIG's collapse during the financial crisis.  The terms of the credit were appropriately tough to protect taxpayers from the risks the rescue loan presented when it was made.

  • Moscow Exchange: Resumption Of Trading After The Main Clearing Session On The Derivatives Market

    Date 15/06/2015

    Time of resumption of trading after the main clearing session Derivatives Market will be at  20.00 pm.

  • Egyptian Exchange: Market Hours During Ramadan

    Date 15/06/2015

    EGX set the trading hours during Ramadan to be from 10:00 am till 01:30 pm for the ordinary trading session, for OTC (Orders Market) trading session on Mondays and Wednesdays from 11:30 am till 12:00 pm and for the Deals Market & dematerialized securities from 09:30 am till 01:30 pm and from 10:00 am till 11:30 respectively. 
    As for Block Trades will be held from 9:15 am to 9:45 am, for NILEX Market from 10:00 am till 01:30 pm and for the Omnibus Accounts from 1:30 pm till 02:00 pm.
     

  • Moscow Exchange: Resumption Of Trading After The Main Clearing Session On The Derivatives Market

    Date 15/06/2015

    Time of resumption of trading after the main clearing session Derivatives Market will be at  20.00 pm.

  • SEC: Swiss Trader to Pay $2.8 Million to Settle Insider Trading Charges

    Date 15/06/2015

    The Securities and Exchange Commission today announced that a Swiss trader has agreed to pay more than $2.8 million to settle charges that he traded on nonpublic information ahead of a Florida-based biometrics company’s acquisition by Apple Inc.