News Centre

Inflation: Progress And The Path Ahead, Federal Reserve Chair Jerome H. Powell, At “Structural Shifts In The Global Economy,” An Economic Policy Symposium Sponsored By The Federal Reserve Bank Of Kansas City, Jackson Hole, Wyoming

Date 25/08/2023

Good morning. At last year's Jackson Hole symposium, I delivered a brief, direct message. My remarks this year will be a bit longer, but the message is the same: It is the Fed's job to bring inflation down to our 2 percent goal, and we will do so. We have tightened policy significantly over the past year. Although inflation has moved down from its peak—a welcome development—it remains too high. We are prepared to raise rates further if appropriate, and intend to hold policy at a restrictive level until we are confident that inflation is moving sustainably down toward our objective.

Bolsa de Valores de Colombia Group 2Q23 Earnings Results

Date 25/08/2023

bvc Group reports Earnings Results as of 2Q23

Solid 2Q23 results on revenues boosted by non-trading revenues business lines

• Revenues Totaled COP $148.757 million Increased by +19% YoY
  
• EBITDA  totaled COP $53.035 million (+10% YoY),  with an Ebitda margin of 38%
• Net profits totaled COP $33.214 million (+33% YoY), with a Net margin of 22%

SEC Charges 3M With Foreign Corrupt Practices Act Violations Relating To China Subsidiary

Date 25/08/2023

The Securities and Exchange Commission today announced that 3M Company agreed to pay more than $6.5 million to resolve charges that it violated the books and records and internal controls provisions of the Foreign Corrupt Practices Act (FCPA).

Wells Fargo Settles With SEC For Charging Excessive Advisory Fees

Date 25/08/2023

The Securities and Exchange Commission today charged Wells Fargo Clearing Services LLC and Wells Fargo Advisors Financial Network LLC (collectively, Wells Fargo) for overcharging more than 10,900 investment advisory accounts more than $26.8 million in advisory fees. Wells Fargo agreed to pay a $35 million civil penalty to settle the SEC’s charges. 

U.S. Department Of The Treasury, IRS Release Proposed Regulations On Sales And Exchanges Of Digital Assets By Brokers - Treasury To Solicit Public Input, Feedback On The Proposed Regulations

Date 25/08/2023

As part of the Biden-Harris Administration’s implementation of the bipartisan Infrastructure Investment and Jobs Act (IIJA), the U.S. Department of the Treasury (Treasury Department) and the Internal Revenue Service (IRS) today released proposed regulations on the sale and exchange of digital assets by brokers, in an effort to crack down on tax cheats while helping law-abiding taxpayers know how much they owe on the sale or exchange of digital assets. This is part of a broader effort at Treasury to close the tax gap, address the tax evasion risks posed by digital assets, and help ensure that everyone plays by the same set of rules.  

mai-Listed Companies’ H1 2023 Sales Reach THB 95.18 Bln

Date 25/08/2023

• H1 sales up 1.3 pct y-o-y to THB 95.18 bln
• H1 gross profit margin rose to 25.4%

Malawi Stock Exchange Weekly Summary, 25 August 2023

Date 25/08/2023

Click here to download Malawi Stock Exchange's weekly summary.

A Sharp Decline In Oil Prices Affects SET-Listed Companies’ H1/2023 Performances

Date 25/08/2023

• H1 sales down 2.8% y-o-y to THB 8.34 trn
• H1 net profits down 26.6% to THB 456.79 bln 
• D/E ratio down to 1.53 times at the end of June 2023

Finansinspektionen: Capital Requirements Of Swedish Banks As Of Q2 2023

Date 25/08/2023

Finansinspektionen publishes the capital requirements of the largest Swedish banks and credit institutions that belong to supervisory categories 1 and 2 as of the end of Q2 2023.

Hong Kong Securities and Futures Commission Concludes Consultation On Risk Management Guidelines For Futures Dealing Activities

Date 25/08/2023

The Securities and Futures Commission (SFC) today published consultation conclusions on its proposed risk management guidelines for licensed futures brokers.