News Centre

Statement By IMF Managing Director Christine Lagarde On The People’s Bank Of China Exchange Rate Action

Date 14/04/2012

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today in reaction to the People’s Bank of China announcement on April 13 that the renminbi’s trading band against the U.S. dollar in the inter-bank foreign exchange market would be widened to 1.0 percent from 0.5 percent:

"I would like to welcome this important step by the People's Bank of China to increase the flexibility of their currency. This underlines China's commitment to rebalance its economy toward domestic consumption and allow market forces to play a greater role in determining the level of the exchange rate."

NASDAQ OMX Announces Index Changes

Date 14/04/2012

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced changes to a number of its indexes. After substantial research and consideration, NASDAQ OMX^® decided to enact changes in its special dividend policy across all indexes calculated in the U.S. (including NASDAQ^®-, NASDAQ OMX^®- and PHLX^®-branded indexes), the seasoning criteria of certain indexes, and the evaluation schedule for the family of NASDAQ OMX Green Economy Indexes.

The Egyptian Exchange (EGX) Opens Its New Premises

Date 14/04/2012

The Egyptian Exchange (EGX) has opened its new administrative headquarter in Smart Village, a business zone on the western edge of Cairo.

Texas Instruments Incorporated To Join The NASDAQ-100 Index Beginning April 23, 2012

Date 14/04/2012

Texas Instruments Incorporated (Nasdaq:TXN) will become a component of the NASDAQ-100 Index^® (Nasdaq:NDX) and the NASDAQ-100 Equal Weighted Index (Nasdaq:NDXE) prior to market open on Monday, April 23, 2012. Texas Instruments Incorporated will replace First Solar, Inc. (Nasdaq:FSLR).

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

Date 13/04/2012

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

• The shares of Goldbrook Ventures Inc. (TSXVN:GBK) will be removed from the S&P/TSX Venture Composite Index after the close of Friday, April 13, 2012. The shares of the company have been acquired by Jilin Jien Nickel Industry Co., Ltd. (Shanghai:600432).

BATS 1000 Index Down 1.9% On Week

Date 13/04/2012

BATS Global Markets, a leading operator of securities markets in the U.S. and Europe, reports the BATS 1000® Index (Ticker: BATSK) declined 296.07 points, or 1.9%, this week to close at 15,483.30 as of 4 p.m. ET today. 

Standard & Poor's Announces Quarterly Review Of S&P/TSX Preferred Share Index And The S&P/TSX Venture Select Index

Date 13/04/2012

Standard & Poor's Canadian Index Operations announces the following index changes as a result of the quarterly S&P/TSX Preferred Share Index and S&P/TSX Venture Select Index Reviews. 

CFTC Revokes Registration Of Robert Wayne Mansell - Chicago Board Of Trade Floor Broker Pled Guilty To Felony Charge

Date 13/04/2012

The U.S. Commodity Futures Trading Commission (CFTC) today announced that it filed a Notice of Intent to Revoke the Registration (Notice) of Robert Wayne Mansell, a resident of Chicago, Ill., who has been registered as a floor broker with trading privileges at the Chicago Board of Trade since 1989. The CFTC simultaneously issued an Opinion and Order (Order), settling the action and revoking Mansell’s registration.

Standard & Poor's: Ratings On The United Kingdom Affirmed At 'AAA/A-1+' - Outlook Stable

Date 13/04/2012

• In our view, the U.K. has a wealthy, open, and diversified economy, supported by effective political institutions that can react quickly to economic challenges.
• We expect economic policy to continue to focus on closing the fiscal gap, and we forecast the U.K. government's net debt burden to peak in 2014.
• The U.K. benefits from what we see as a large liquid market for government debt issuance, entirely funded in domestic currency at long maturities.
• We are therefore affirming our 'AAA/A-1+' long- and short-term unsolicited sovereign credit ratings on the U.K.
• The stable outlook reflects our current expectation that the U.K. government will implement the bulk of its fiscal consolidation program and that economic growth will not falter more than what we currently project.

SEC Shuts Down Ponzi Scheme Targeting Persian-Jewish Community In Los Angeles

Date 13/04/2012

The Securities and Exchange Commission today obtained an emergency court order to halt an ongoing Ponzi scheme that targeted members of the Persian-Jewish community in Los Angeles.